When you are extended a job offer, it is usually accompanied by a benefits and compensation package. This could either in the form of a verbal discussion or as a written document. If you think the payment does not align with your career level, qualifications, experience, and skills you can negotiate the salary. In some cases, you might also suggest other forms of compensation like stock options or equity.
It is important to know how to negotiate the salary you are offered when out job hunting. This ensures that you receive fair compensation for the time and effort you are giving. However, similar to any skill it also takes preparation and practice. With our tips, you will know exactly how to do that and gain positive results.
Evaluate what you are offering
It is necessary to be aware of how much value you are offering to the employer before negotiating the payment. There are several aspects which have an influence on your salary.
The cost of living affects how much you ask for as compensation. For example, if you are living in a place like San Francisco you will need a higher income. As on the whole, your living expenses will be more there.
Years of experience
If the employment description requires three to five years and you have a longer experience then the salary should be higher. The same goes for if you have worked in a senior position for a long time.
Qualification, career, or skill level
Having a specialized degree can greatly impact your salary amount. A higher career level and or expertise also justify more pay.
Research the industry’s average pay
Having accurate data can serve as strong support for your negotiation. Knowing the average rate in the market can give you a baseline for the ideal amount. Which you will have ample proof to justify if faced with any resistance.
Prepare discussion points beforehand
Make notes which cover negotiation points before going to an interview. When you tend to negotiate you would be inquired for reasons. Having notes can help you be precise and specific when you talk to the employer.
Talk about your experience, achievements, skills, and additional certifications to support your case. Having a strong resume with all these details will also give you a foundation to negotiate. A reliable service like professional cv writer UK can help create exactly the document you need. Your CV will have all the elements which will immediately attract the attention of any recruiter.
Schedule a discussion time
Reach out to your hiring manager or recruiter to schedule a time for a phone call. While negotiations can also happen over email, it is better if it happens on voice. Speaking directly can help you have an equal level of conversation and convey your expressions accurately. Try to be clear yet respectful as the recruiter is the one who is going to advocate your case further.
Rehearse the conversation
Practising the points, you have listed out can help you gain confidence and lessens the chances of faltering. The best way you can rehearse is with a trusted colleague or friend. This will also you with valuable feedback upon which you can improve your efforts. There are also alternatives like recording yourself or practising in front of a mirror.
Having confidence while negotiating is as important as the points you put forward. When you speak boldly and without fear, the recruiters will be persuaded to take notice and consider your proposal. But make sure that confidence in your abilities does not come across as arrogance. Be humble and listen carefully to what the other side has to say as well.
Self-esteem is also built greatly if you have an impressive LinkedIn profile to back up. The LinkedIn profile writer UK service can provide you with the best profile to grab the attention of recruiters. With a great profile, they will be able to see your work history and experience clearly. Thus, increasing the chances of successful salary negotiation.
Reaching the salary offering phase of the hiring procedure takes a lot of energy and time. Applying and interviewing for a position takes a whole lot of mental effort apart from physical. The employer on the other hand has also invested their hours in the matter. So, take the time to recognize and appreciate that as well. Thank them and show gratitude for considering you for the position. This creates a lasting good impression which helps you with the negotiation.
Ask for a higher range
One vital role of negotiating for pay is to give a number that is slightly more than your expected goal. This way they will gradually come down to the amount you are comfortable with accepting. If you provide the recruiter with a salary range, they are likely to lean toward the lower figure. Just make sure that figure is the salary you were aiming for.
Share expenses related to the job
Another reason you could be asking for higher pay is for covering the additional job-related costs. For instance, you might need to relocate to be nearer to the office premises. Or commute for a long distance. Put these reasons forward for the employer to consider as they will be incurring extra expenses. And you should be accordingly compensated for them.
Prepare for difficult questions
Hiring managers or recruiters are often negotiating back and forth with candidates. Thus, they will be prepared at their end to ask intimidating questions to see how motivated you are. It is essential to not hesitate when facing these questions and be prepared for them. Just answer honestly and respond with confidence.
It can be daunting to go through the phase of salary negotiation. But it is important in order to receive compensation that is worth your time and effort. It is a critical step, but you can emerge successful if you follow the tips above. Just keep yourself prepared for the conversation and be assured of your abilities.