Seven Basic Salary Negotiation Tips
oney is the most you would know the limitations of
sensitive issue in the your negotiation.
whole hiring process.
Discussing the compensation often Salary range information is
causes anxiety on both employee available at American Almanac of
and employer. Here are seven ways Jobs and Salaries, National
to make the process of salary Association of College and
negotiating efficient. Employers, Career Center, and
professionals in your related
1) Research: Before the interview field.
process begins, contact the
professional organization that In stating your salary range,
represents your field of career. avoid basing your desired salary
As soon as they provide you with on your current salary. Always
your salary information, you can tell the truth when it comes to
now examine your monthly cash your past salary. It is
requirements. Remember that once acceptable to extend a range to
your taxes are added to your approximately $6,000 to show that
paycheck, approximately 30% of you are within the company s
your gross monthly salary is price range but interested in
deducted. more compensation.
2) Determine your skills: You 3) Weigh the company s
should understand that different compensation package: To
segments of the economy require a determine your fair market value
variety of skills depending on for a specific job, you should
the industry setting. Once you consider the economic,
have established what your skills geographic, and industry factors
are and what they are worth to of the job offer. Weigh the
the current employment market, benefits of compensation and
promotions, insurance, allowed the negotiation is done. Pushing
time off and retirement further when a deal has been set
settlements of the offer to could give a negative first
ensure a fair proposed salary. impression on your part.
4) Sell yourself: If you know 7) Show what you are made of: The
what you could offer the company interview is only the first step
requires a larger income, never in having an enhanced
say it directly. Once you sell compensation. Once you are hired,
yourself discreetly, the offer your skills to the company
interviewer would understand that and prove your worth by doing
the proposed salary is not quality work. You may even get a
appropriate for your background. promotion for doing so.
5) Have a positive attitude: In Based from a survey conducted by
negotiating, never compete. the Society for Human Resource
Negotiation is basically a Management, four out of five
process which could benefit both employees are willing to
parties. Understand your needs negotiate compensation.
and those of the company. Understanding these basic tips
will allow you to enhance the
6) The final offer: Be aware when terms of your new job.
Article Source: http://www.ArticleStreet.com
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