If you are looking for a raise in your present salary or you just got hired, and you need to negotiate the structure of your salary. You must take full advantage to ensure that your salary is at the maximum or get it increased by a certain percentage.
For new hires, we understand that struggling through the thorns of searching for a job that perfectly fits, submitting your resume, going for an interview, and finally, you’ve landed the job. Looking at the stages involved in landing a job can quickly make you jump at the job without minding how much you’re being paid as salary because you don’t want to put the opportunity you have gotten in jeopardy, not after the stress you’ve been through. Instead of accepting the job offer immediately, take your time, show appreciation to the recruiting manager about the offer and ask for a few days to think things through.
The salary that has been offered to you might be more than what you expected, but jumping at the offer might make you look cheap, and you wouldn’t want them thinking they have overpaid for your services. It is very vital to impact yourself on how to negotiate your salary. It is a very important skill that will yield more income and make you feel appreciated for the services you are rendering. It isn’t easy, though, because it needs practice and proper preparation.
Tips On How To Negotiate Your Salary
This content will serve as a guide to helping get the maximum salary that you deserve.
1. Calculate Your Value
Before you start a salary negotiation process, you must evaluate yourself based on how much value you can offer the company. This process can be carried out when meeting with your new employer or during the job hiring process. The salary calculator can be of good use in such a situation. However, some factors need to be considered they include:
- Personal Skills and abilities
- Level of education
- Company’s location
- License and certification
- Years of company experience
- Level of experience
2. Go Straight To The Point And Be Honest
When negotiating about salary, trust is very important, and the only way you can gain your employer’s trust is through complete and total honesty. If you go ahead to inflate your salary above the average pay grade or you decided to invent a competing offer, and the hiring manager eventually finds out your offer for a salary raise will be withdrawn, and you may face further consequences.
3. Find Out About The Market Value
Research the market value because such information can be very vital in winning a salary negotiation case. Having a good knowledge of the market value will provide you with a head start in the race for your salary request and serve as support to your request. Questions that you need to be considered during market research.
- The national average salary for a person going for your position?
- How much salary is paid to people occupying my position in other companies?
- How much value have you impacted in your position?
4. Work On Your Talking Points
When creating your negotiation application, make sure you find answers to the following questions during your conversation. Questions like: what do you intend to offer the company that may warrant us to increase your salary or go above your present pay grade? Try to get down all necessary facts and notable points before going for the negotiation process.
5. Go Through The Process With A Friend
You can simply rehearse your lines with a friend or a colleague who will stand in as the recruiter or the employer. If you can get someone who is business-like to pose as a teacher and coach by providing you with potential questions and answers that may likely come up during the negotiation process, that will help you prepare well. Constant rehearsal will put you in the best of shape for your salary negotiation meeting.
6. Build Your Morale
Developing high morale before and during the negotiation discussion will boost your confidence level, and your confidence is very important when it comes to discussing such a delicate matter. The employer will be moved by the confidence displayed by you when talking about your points and answering questions thrown at you. Since you have done your market value and you know the positive impact which you will bring along with you if the pay is not up to your standard, be brave to reject such an offer and ask for a raise.
7. Request For A Better Pay
When negotiating for a salary increase, it is advised that you increase your asking price by a few percentages. The major reason for that is because the employer will still want to reduce your asking price by a certain amount; after the reduction, you will always end up getting the salary you wished for or at least something fair. Providing a salary range will lead to the hiring manager going for the least salary pay but make sure the least amount you’re asking for is above what you truly want as salary.
8. Provide An Estimate On Extra Expenses
Sometimes salary negotiation can arise due to extra expenses the job will cost you, such as: moving from one town to another, which will need you to procure an apartment and other necessary things to enhance your movement. The transition process will lead to extra expenses that need to be paid, either as an increase in your salary or compensation.
9. Try To Be Flexible
You can’t have it all your way when it comes to salary negotiation. You will have to adjust to certain terms, which might include a give and take the offer. This process will be less than upgrading your salary income. It includes providing you with a flexible working schedule (work from home), fewer days at work, or an increased vacation.
10. know When To Walk Away
If the company is not showing any positive signs of granting your request for a salary increase, be wise enough to end the negotiation process and try to get a better job opening that fits your salary description.
You must appreciate the hiring manager or employer for the time dedicated to discussing your salary request. Appreciate them for providing you with an offer even if you won’t accept the job; it is vital to be professional in handling such matters because you never can tell, opportunities may come from them later in the future.