Salary Negotiation is one
of the most neglected aspect in job search. Employment negotiations are the
starting point for your career with the company. Finding out what you are worth requires research, self-reflection and
networking. Get too little and you are disadvantaged throughout your career. The
employer will ask your last salary and how much you expect to make if you are
hired. If the interview is going well or this is a call-back interview, a
salary offer may be made while you are there.
Most of the people believe
that skills, experience and education are the only things that impact their
worth in terms of salary. Indeed there are several other factors such as geographic
location, industry, company size and whom you report to can determine your
worth.
In fact the decision is
yours to make by considering how much money you need to live on each month.
Will this salary cover your monthly bills, or will you have to take a second
job. Be realistic and fair to yourself.
* Research the company to
see if they're booming or hurting financially. If successful, go for top
salary, benefits and perks. you need to examine your own priorities.
Understanding your needs will also help you determine what type of company you
want to work for. Regardless of the type of company you are considering, an
employer may not be able to give you exactly what you want.
* Once you have negotiated
the job and have an offer in hand, that's when you should start salary
negotiations. Be careful about disclosing your salary history during interview,
if asked postpone the topic until you have a better idea of what they will
offer by politely mentioning that salary won't be a problem and that you and
the employer should be able to come to a mutual agreement.
* Honesty is important. If
you lie during the negotiations, sooner or later you are likely to be caught.
Once you are caught lying, you lose all credibility. Even if you don't lose the
job, you will be placed at a tremendous disadvantage, and your future
credibility on the job will be undermined.
* Don't underestimate your
worth, and try to avoid directly answering questions about salary requirements.
You can say something like "I am willing to work for the typical salary in
this field".
* Before you insist on any
particular term in your employment package, be sure that it is really
essential. By insisting on a particular term you may be giving up something of
greater value; you may even be giving up your chance to get the job altogether.
* Winning becomes more
important than the actual goals that are achieved in negotiations. This
tendency is particularly difficult in employment negotiation. Another option is
to give the employer a salary range based upon the salary research you've done
up front.
After so much work and so
much said, you possibly make the company to agree to those elements of the deal
that are critical to you. If you are not able to do so, or if have to give up
too much to get what you need, perhaps this is the wrong job for you. If you
aren't happy, don't accept the job, but leave the interview on good terms.
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