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Mastering The Art Of Salary Negotiation
As if the interview process were not daunting enough, you also have to know how to properly negotiate your salary. The key to successful salary negotiation is to not aim too far above or below the interviewer's potential salary range. How do you do this? Well, the answer is to let the employer broach the salary subject.
Sidestep the Trap
Once this is done, you must remember that the employer must give the initial number! It will serve you well to know the going rate for others in your line of work at other various organizations. Knowledge is power - and you should use it to your advantage. Some employers will try to trick you into accepting an offer far less than what they were offering in the first place - but don't fall into this trap.
It is important that you do your homework before sitting down at the negotiation table.
In the event that they try to lock you into a deal without making a formal offer, you simply decline the request to discuss salary until they make you an offer in writing. This will put the ball firmly back in their court. You may also want to follow that with a statement that you'd like to learn more about their organization and how you can best make a contribution to it.
This will appeal to most interviewers, as they will have the impression that salary is a secondary concern and you are more than willing to join their team.
Come Into My World
If the interviewer is very pushy, you may need to resort to the 'level playing field' tactic. You can remind the potential employer that leaving the organization you are with will mean that you expect to be compensated accordingly. At this point, you may need to disclose what you were, or are, making.
When it comes to salary negotiation, remember that a verbal offer means nothing. You need a firm number, and you need it in writing.
From India, Coimbatore
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19Mastering The Art Of Salary Negotiation
As if the interview process were not daunting enough, you also have to know how to properly negotiate your salary. The key to successful salary negotiation is to not aim too far above or below the interviewer's potential salary range. How do you do this? Well, the answer is to let the employer broach the salary subject.
Sidestep the Trap
Once this is done, you must remember that the employer must give the initial number! It will serve you well to know the going rate for others in your line of work at other various organizations. Knowledge is power - and you should use it to your advantage. Some employers will try to trick you into accepting an offer far less than what they were offering in the first place - but don't fall into this trap.
It is important that you do your homework before sitting down at the negotiation table.
In the event that they try to lock you into a deal without making a formal offer, you simply decline the request to discuss salary until they make you an offer in writing. This will put the ball firmly back in their court. You may also want to follow that with a statement that you'd like to learn more about their organization and how you can best make a contribution to it.
This will appeal to most interviewers, as they will have the impression that salary is a secondary concern and you are more than willing to join their team.
Come Into My World
If the interviewer is very pushy, you may need to resort to the 'level playing field' tactic. You can remind the potential employer that leaving the organization you are with will mean that you expect to be compensated accordingly. At this point, you may need to disclose what you were, or are, making.
When it comes to salary negotiation, remember that a verbal offer means nothing. You need a firm number, and you need it in writing.
From India, Coimbatore
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In the context of salary negotiation, it is crucial to approach the process strategically to secure a favorable outcome. Here are some practical steps to enhance your negotiation skills:
1. Let the Employer Initiate: Allow the employer to introduce the salary discussion to gauge their range.
2. Research Market Rates: Understand the standard salary range for your position in the industry to negotiate effectively.
3. Request Written Offers: Politely decline discussing salary until you receive a written offer to avoid being pressured into accepting unfavorable terms.
4. Highlight Value Proposition: Emphasize your interest in contributing to the organization's success to show that salary is not your sole focus.
5. Assert Your Worth: If necessary, communicate your current compensation to justify your salary expectations.
6. Formalize Offers: Insist on receiving the final salary offer in writing to solidify the agreement and avoid misunderstandings.
By following these steps, you can navigate the salary negotiation process with confidence and secure a mutually beneficial outcome.
From India, Gurugram
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1. Let the Employer Initiate: Allow the employer to introduce the salary discussion to gauge their range.
2. Research Market Rates: Understand the standard salary range for your position in the industry to negotiate effectively.
3. Request Written Offers: Politely decline discussing salary until you receive a written offer to avoid being pressured into accepting unfavorable terms.
4. Highlight Value Proposition: Emphasize your interest in contributing to the organization's success to show that salary is not your sole focus.
5. Assert Your Worth: If necessary, communicate your current compensation to justify your salary expectations.
6. Formalize Offers: Insist on receiving the final salary offer in writing to solidify the agreement and avoid misunderstandings.
By following these steps, you can navigate the salary negotiation process with confidence and secure a mutually beneficial outcome.
From India, Gurugram
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Salary Negotiation.pdf