Negotiating job salary is a very dreadful situation for many of us. It is a very critical matter because when it comes to balance your expectation and fulfillment, things turn a little bit shaky for everyone. People often struggle to make a strong decision about their expected job salary. Negotiating salary is a skill and it is often prized. It also shows your hold as a strong candidate for any position. Here are 8 tips to negotiate your salary that would help you in the interview board.
1) Know your strengths and differentiators:
Every person has some unique abilities that make them different from others. Finding out what you are good at will make you to understand your potentials clearly. It will help you to make you a valuable employee too. You can make salary negotiation in a position that will allow to have you some advantages if you know your skills and strengths well. SWOT (Strength, weakness, opportunities and threat) analysis is a useful tool to help you understand your strengths and weakness.
2) Be prepared:
Before facing an interview make sure that you fully understand the job responsibilities. Know what the job position requires from you. Besides doing this, also do some research on the company. Review their employee policies specially their pay and promotions. Then you need to go through some research over the salary paid to the similar position in other companies. This will help you to have a clear idea about your job and your salary expectations.
Read- 9 Things That Recruiters Seek.
3) Determine how much you want:
After doing the market research make an average amount of how much you want to get paid. This seems simple, but it isn’t. At first you have to understand your position in the job market. Then you need to combine it with your goal and your satisfactory minimum salary expectation. Do not expect too much and don’t fool yourself being greedy. Make yourself flexible and honest. You may be asked more than you want or less. In this case have a minimum level of salary expectation. That’ll help you to hold your position during the negotiation.
4) Know your walk away point:
Showing them that you can turn down the job if your salary expectation remains unfulfilled is a strong negotiation tactic. This will prove your determination and capability. Do not show over desperation for the job. This might make your position in front of them vulnerable. Be prepared to walk out if they don’t meet your expectation.
5) Make the interviewer to offer first:
Never ask for the salary from yourself. If you feel that the interviewers are interested in you, then let them make the first move. When you are asked about your expectation, push the ball into their court by politely asking them how much they are willing to pay. Then start the negotiation. After hearing their offer, throw yours, but with a little bit exaggeration. This will help you to expand the scope of negotiation.
6) Be assertive:
Try to hold your position in the interview board and show your assertive attitude. Don’t be afraid to lose the job. Never be afraid of asking what you want. If they offer less than you want or propose to take the job at a salary that is less than your demand, then politely reply them that you are worth than they are willing to pay. This will be seen as a positive attitude.
7) Do not negotiate over your personal life:
Bringing personal matters during salary negotiation is a harmful trait. Remember the salary will be paid to you on the basis of your capability and company policy and budget. Convincing them by telling your personal life will not help you to go far. Moreover, it can also make them feel irritated which will cause you to not get the job.
8) Sell yourself:
Getting a job is all about selling yourself. Present your skills and strengths before them as an undeniable fact.