How to negotiate a salary?
You are already in a position to precisely determine your worth as an employee. You know how to write a quality resume. Salary is a big contributing factor to job satisfaction. Having a fair and decent salary for your expertise is vital. You should know how to suggest or negotiate a salary offered by a company.
So how you could approach such a delicate and often uncomfortable-to-discuss subject matter? These tips, which you will find below, are going to help you tactfully and skilfully determine your worth through a desirable salary.
Tips to negotiate the salary you’ve been offered
Enhance your position with arguments
Job seekers often wrongly assess their capabilities, incorrectly trying to get more than they deserve. It is important to comprehend that a high salary offer comes from competence and not from asking for more.
Importance of being informed about the average salary the market offers
Having information about the salary that your field or occupation entails is a crucially important factor when determining your worth as a potential employee. Acquiring sufficient knowledge in your field of expertise, including salary ranges, will help you make an informed decision and be a worthy candidate for an employer.
Plan B
A request for a salary increase is not always going to end up the way you intended. The alternative could be a request for remote work, flexible vacations, and other perks or bonuses that may come with your daily work.
Very interesting bonus tip – SILENCE
Another way that can lead you to a salary increase during negotiation is silence, even if it might be a tad bit uncomfortable for both parties. If both parties in the negotiation stop talking for a few seconds, they can achieve mutually beneficial results and a satisfying salary offer from a company. With this, we try to show our confidence and constantly strive for better results. Thus, making your employer more appreciative of your work and commitment will result in approval.
How to suggest your salary
Finding the correct time and place is vital
Do not open a conversation by suggesting your salary. Even though it can be negotiated in due course, you should keep in mind that the employer needs to see your motivation for the job he/she offers. So do not make it seem as if the salary is your sole interest point for applying.
Be ready for tough questions
At some point, the employer is going to ask questions about your current or previous salary. It is important to note that giving out information on specific numbers is not necessary. Instead, you can duck out of it by vaguely mentioning that it varies by job type or position you hold implying that you do not wish to give a straight answer when it comes to salary numbers. The appropriate way would be to name a general range, i.e., from 80000$- 85000$ for negotiation purposes.
Be honest but not humble
Salary negotiations require honesty. Although it is much better to have your salary rescinded than to have your employer find out that your previous salary was unreasonably stretched, the aspect of being polite, cordial, and self-confident is a key determining factor for having a successful salary negotiation.
Last but not least, our bonus tip.
Do not talk about your personal needs
Do not talk about personal needs while you are negotiating a salary. For example, rent, debt, or childcare costs have increased. You just need to focus on your worth and the respective salary that you deserve.
Negotiating a salary is a crucial part of the interview. Employers want to see your motivation and what value you might have for the company. The abovementioned tips will assist you to have a successful negotiation process with your hiring manager.