Most job seekers are
uncomfortable discussing a salary since they fear it could negatively impact
their chances of getting a job. According to the study, 69% of recruiters accept
salary negotiating and give you time to think and reply to their deals.
All of us have been asked 'What's your expected salary? ' one day, and no doubt this question will be part and parcel of each job interview as employers hire according to their budgets (how much they will pay and how much they will gain from your skills). Therefore, when you find that you've secured a job with your excellent resume and communicated your professional expertise, don't be afraid to discuss the salary. Nevertheless, if you are mindful of competitiveness in your sector, do not go above the boundaries when talking about compensation.
The biggest mistake you can make
when negotiating a pay deal is not being prepared for negotiation.
Here are some guidelines that will
help you discuss your desired salary effectively without being afraid of losing
the opportunity to offer what you expect.
Dos
Do research salaries in your industry
Asking for a specific range
without doing your in-depth research and understanding the salary range of your
position in the market will make you sound unprofessional. The first thing you
need to do to be ready for pay negotiations is to understand the trends in
salaries in your sector.
Don't ignore the relationship
between the years of experience and salary ranges. You should also know whether
your career is one of the on-demand or vital occupations. Besides, you define
the geographic location of the job while researching the pay scale.
Awareness of pay dynamics would
immediately raise your confidence in salary negotiating.
Do consider extra benefits
Jobs are not just about salaries.
Holidays, working hours, allowances are an integral part of salaries. Also, some
companies offer medical insurance and post-retirement plans.
Therefore, when negotiating your
wage, you must consider the extra incentives. Pay close attention to the value that
the position will add to your resume and future career. You may not get a job
with your dream salary in most jobs, but there will be many increments after
that.
Do know where you need to put an end
Even though pay bargaining is on
the table, do not indulge in conversation if the employer does not react
positively. You need to know when to finish up the conversation. If you have
not persuaded the recruiting manager, instead of continuing the conversation,
politely end it.
In this way, you will not need to
debut with your boss, and you can concentrate on the prospects that give you
the reward you deserve.
Do document all agreements
When you complete your negotiation
of salary and extra perks, make sure to ask the recruiter to document all the
agreements. Sometimes, employers offer the standard contract even after
agreeing on some edits.
When you have the contract, take a
closer look at the salary level and at allowances, holidays, work from home
hours, and other agreed benefits. If they do not have another official contract
ready, inquire about informal agreement documentation.
Don'ts
Don't ask for a salary range
without justifications
When making your salary
negotiations, do not mention higher ranges first. Highlight your unique skills,
advanced abilities, and most importantly, tell the recruiter how your skills
will help his company expand.
If you could communicate your
skills and experience well, you can now mention the amount you demand as a
salary. Requesting a higher salary sum without giving reasons can leave a bad
impression on your potential employer.
Don't overstep the limits
You have to estimate your
knowledge and expertise and then evaluate your pay. Straining a pay debate over
an irrational number can potentially be a stupid decision. It's easier to focus
on the facts regarding salary from a former position or another job offer. Negotiating
for a higher salary when you don't deserve it can cost losing the job.
Don't be unprepared
Preparing for an interview is
critical if you want to make your salary negotiations effectively. There will
be chances for any imitating interviews where you can discover unexpected
questions from the recruiter. Avoiding surprises in the interview guarantees a
more positive salary negotiation.
Don't start a bad start
Whether your recruiter was
positive or negative while discussing your salary demands, make sure that you
end the interview leaving a good impression because any wrong impressions could
affect your career after that.
Finally,
Although salary negotiation is difficult, especially after the pandemic, most
job seekers need to ensure job satisfaction and stability.
Salary negotiation can be as easy as ABC if you research your industry salaries, consider extra benefits, understand where to end the discussion, and document all your agreements. In other words, when you are well-prepared for the interview. This will let you have a higher confidence to showcase your value and get the salary you deserve.
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