Salary Negotiation is a very vital part of the recruitment process. Here
are some useful salary negotiation tips to help you bargain optimum
salary for yourself.
It is important that you have an idea about your worth. You may
have a rough idea about your worth based on the anecdotal
information what people like you are paid, but for better salary
negotiation you need to do an objective assessment of yourself. Make
a list of the skills required for the job. Compare it with the skill
you have. Add any extra skill that you think you have and would help
you in performing the job better. This will give you an objective
idea about your worth and you can negotiate accordingly.
Don't ask about salary. Let employers make a first offer. It
would be inappropriate to push off any actual salary talk until
after you have secured the position. Once you employer elicits
interest in employing you, it will be much easier to negotiate since
you know that the company wants you on board.
Show your experience and expertise. Put your past experiences on
the table and let the employer see exactly why you are fit for the
position. Hands-on experience is a very efficient salary-negotiating
Look at the whole package subjectively. Some companies have their
hands tied when it comes to salary, but may have a number of other
perks / benefits that will raise your overall remuneration to a
figure that meets your expectations. For example you may get a
company car, free accommodation, or the opportunity for flexible
working or working from home.
Strive towards a win-win scenario. Squeezing every last penny out
of your future employer is not a good idea. As you will most likely
be working with the person you are negotiating your salary with, it
is important to maintain cordial relations. Be prepared to
compromise and settle for a middle path. If you ask for six benefits
and the company comes back with two, settle for three or four.
Know your minimum expected salary. Figure out beforehand how low
you will go. Sometimes no amount of negotiation will get you what
you want. If it does not meet your needs, it is time to stop rather
than end up with the wrong deal.