When negotiating salary, either in your current job or in an interview for a new job, you will want to know the salary for that particular profession. You must know about how to negotiate salary?. However, similar professions from different states and countries will vary regarding the pay scale. For example, a doctor in the USA will earn differently from a doctor in Canada. That is just a general example.
You need to know your worth before negotiating for a salary. It might be your first job, or you want a pay rise from your current employer. Knowing how to go about it will help you to successfully negotiate a salary. However, you need to research on the average salary scale employees in your rank are getting from similar companies you are working for.
Go online and search for salary figures others are getting. You might lose out on a job when you quote too high on the salary expectation to an employer. Also, when you quote too low, you might lose out on your worth as you will be underpaid.
You have to look up on what the market is offering for the job you intend to pursue. Most employers during the interview will ask the amount of salary you expect once you secure the employment with them. It is wise to be polite and try to avoid giving a direct figure as this might either help you secure the job or scare off the employer.
You can give a range of the salary to expect or just say that the salary is negotiable. Do not give an exact figure especially early in the application letter. You can quote the figure later once you are called for a one on one interview. Here are the tips to adhere to when negotiating for salary:
When To Negotiate Salary?
Don’t drive the employer away. Before you can start negotiating for a salary, you need first to impress the employer and divert the focus from the salary figure. Once you have received the offer, you can begin negotiating for the pay. Most job seekers will quote a salary figure in the application form or letter which can be the basis of elimination once you quote a high figure.
Let The Employer Disclose The Figure First
You can try to trigger a figure from the employer before you make your known. This will provide you with a range around which you can negotiate the salary. It can, however, be difficult to trick an employer in giving out their figure. You can, therefore, opt to provide a range where your salary expectation will fall. To come up with a valid salary range, you need prior research on the average salary for job seekers with your qualification.
Prepare To Make A Counter Offer
Most employers, who give out figures, will give a figure which is lower than what they are offering. It is somewhat a dummy figure to test the candidate. You need to have a counteroffer in such a case. When the quote is too low, you can suggest a different quote. You can even negotiate for allowances, vacation and bonuses among other cash and non-cash benefits.
Be Ready To Walk Away
Not every salary negotiation will go well. If the salary is too low for your qualification, you have to be ready to walk away. If the negotiation does not settle for a fair salary, you can walk away politely.