Monday, August 20, 2012

How to Negotiate Salary in job Interview


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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