How to Negotiate Salary? Salary negotiations include reviewing a job offer with a considered employee to negotiate a salary and bonuses package that meets your requirements. Today, every employee wants a raise in his salary. One of the most popular ways to boost your salary is through salary negotiation.
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It can be done when you are offered a post or during a performance review. Sometimes you will feel awkward to negotiate salary but it is necessary for your salary growth. Here we are presenting some great ideas that will help you during your discussion about salary negotiation.
Before going into the salary negotiation, you should know about the worth of post you are offered. You have to research the salary range of that post & also the flexibility of your employer. You should be clear about the salary you want. When you are ready with your research, go for the negotiation.
Prove Your Worth to Negotiate Salary
Your first motive is to prove to your employer that you are the deserving candidate for the post he is offering. When the employer offers you the job then only start the discussion about the salary. The same thing goes for the salary raise as well. Discuss salary raise only after having your performance review.
Never Disclose the Salary You will Take
The first thing you have to remember that never tell the employer that how much salary you will take. Let the employer make the first offer. It is necessary for you to know the salary he is offering to you. So the company would want to know your expected salary but you have to dodge the question smartly.
If the company ask your expected salary on a form, leave it blank. When the employer verbally ask how much salary you are expecting, you say, “I am more excited about doing [type of work] here at [name of company] than the initial salary offer.”
If the employer asks you second time you can say that ” I”ll consider any reasonable proposal.” This answer will be considered as a polite tactic.
On very few occasions the employer will ask third time about your expected salary. But if he asks your answer should be “you are in a better situation to understand how much I am worth to you. This would remain your final answer no matter how many times company asks you. The whole purpose of this is to know what package company is offering to you. This will really help you in the negotiation.
When the employer tells you the offer, repeat the number__ and then stop speaking. On many occasions, your silence will give you a raise in the offer. If you are satisfied with the salary they are offering you, then take it. If you are not satisfied, tell them that the salary they are offering is too low.
But remember, not to say by how much. And most of the times company will come up with a higher offer. You can also negotiate for other things than the salary like extra vacations, conveyance charge, company car or house.
How to Negotiate Salary? Salary Negotiation Tips
The upper given tips will help you immensely in a salary negotiation. But there are more things you have to understand and prepare when you are going for salary negotiation. here are some more tips we want to share which will help you.
Many people hesitate to negotiate the salary. Be brave and give it a shot. Companies these days are willing to negotiate salary. The courage to negotiate is very necessary for women—men are three to six times more likely to negotiate the salary.
Do Research for a fair salary. Figure out how much you require, but ask something higher to leave room for bargain. One more great way to practice is to act out all the process with your known person. You can easily find out your flaws by doing this. This practice will definitely help you feel comfortable for the actual interview.
At the time of salary negotiations, use the silence as a weapon. Let the employer talk. You speak only when it is very important. Many times silence has more effects on the other person than your words. It can be just as productive as anger, aggression and tears.
Sometimes, the company rejects the first request for a higher offer. Don’t be upset if this happens with you. Explain them gently about the benefits of their investment which they are making on you.
Even after all the process if the company doesn’t raise your salary according to your expectations, negotiate other compensation. Be flexible and ask for other things like extra vacations, a separate office, or a flexible schedule. Other possible perks include incentives, better health insurance, performance bonuses or any other facility you want.
So these were the guidelines you can follow while going for a salary negotiation. These guidelines will definitely help you out. If you want to discuss a special case, Tell us in comment. We will try and help you out for every situation on how to negotiate salary.