Thursday 23 January 2014

Negotiate your salary bright!



What’s the thing you think about when we’re about to start new job? The Coworkers? No. Boss? No fairly. The Money? Absolutely 




Here are some of tips for discussing your Salary with a Potential Employer

Do your homework on position & firm

Thoroughly research the market and the firm. Never approach a new employer without finding out the standard market salary for the position offered based on your experience and qualification.
Start with online research, and then talk to professionals and recruitment consultants. You can also speak to people in the company to have an idea about the latest state of its business, operations and the compensation structure. Use this data to justify your stand.

Show your experience and know-how
Put your past experiences on the table and let the employer see exactly why you're fit for the position. Hands-on experience is a very efficient tool.

Prove you're the best man for the job

Ultimately, employers want to see future employees defend their case and follow through with their ideas. Do the same when it comes to getting the position

Don't ask about salary

Let the employer talk about salary first. Most newcomers make the mistake of initiating the compensation discussion early on in the game. This exposes your inexperience and sends a negative signal that you are concerned only about the salary, not the profile. On the other hand, if the employer makes the first move and quotes a figure, it sets the floor for the negotiation and the final salary can only be negotiated upwards from there.

Only accept a verbal offer
Get every commitment in writing. If the hiring manager makes a verbal one—review in six months or a guaranteed 20% bonus—it has no meaning. If the firm is reluctant or slow in making its promises in writing, treat it with suspicion. The firm is either looking at a stronger candidate or has no intention of following up on its Promises.

Be comfortable with the employer, be calm and in control. 

 

Take this negotiation process seriously in your job search, and it may be the difference between wearing a Timex to work and a Rolex.


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