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How to Win Your Salary Negotiation


During the job interview process, negotiating the salary may well be the trickiest part. Unless you're a very confident candidate, most of you will see it as a real ordeal and a possible disagreement. Finding a situation that suits the two parties is absolutely key and shouldn't make you feel uncomfortable.


In case you're preparing for your job interview or simply want to renegotiate the terms of your contract, this infographic from JobCluster.com will provide the 10 best tips to negotiate with confidence.

Takeaways:

  • Be very well prepared!
  • Know your value and make sure the recruiter understands it.
  • Avoid being the first mentioning any numbers.

RELATED: 10 Simple Steps to Negotiate Your Salary [VIDEO]

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Transcript:


How to win higher Salary Negotiation

Intro: Most of us find it awkward to negotiate for a higher salary during a job interview. While this is understandable to find it difficult to broach the topic of money, you shouldn't allow yourself to feel uncomfortable. Here are 10 tricks that you can use to your advantage when you are driving a hard bargain for your salary.


  1. Know Your Value: Be prepared with a mental list of all the skills and qualities you possess that will benefit the company. Do not ever doubt your value, otherwise you may fail to convince your employer.
  2. Negotiate a Fair Compensation: Remember all companies have a fixed budget when it comes to paying employees. So, discuss any salary you have in mind in terms of what is fair.
  3. Avoid a Face-to-Face Negotiation: This is a proven fact. As far as possible, try putting off the face-to-face negotiation as much as you can. You will be in a better position to negotiate a higher salary if you conduct the talk over email or phone.
  4. Don't be the First to Mention a Figure: The amount you might have in mind could possibly be lower than how much your employer is willing to offer you and you do not want to m iss out on what could have been an excellent offer if you'd just played it cool.
  5. Use Exact Number to Counter-Offer: Give the company the exact number you want. This shows the company you have done your research for similar positions in the market and also gives them the feeling that you are correct.
  6. Make the Company Realise That You Are Valuable: To get a higher salary package, you have to let the company realise that you are worthwhile and will make a meaningful contribution. This is a wonderful way to negotiate a higher salary package with your current employer.
  7. Figure Out Your Priorities: Before entering into salary negotiations, try to get a better understanding of your expectations. Is a high salary your first priority and are you willing to accept the highly competitive job environment that comes along with it? Or are you willing to compromise your salary if you get extra benefits like bonuses, a longer leave for vacation?
  8. Research Your Competition: If you are haggling for a higher starting salary at a new job, first ensure that you know exactly how many candidates you are competing with.
  9. Keep Your Manner Absolutely Professional: Maintain a professional manner and if you have to disagree at any point, do it respectfully. Drinking caffeine before the meeting to keep yourself alert and looking into the eyes of the employer also helps when negotiating a hike.
  10. Playing The 'Walk-Away' Card: Inform your employer that you do have some extraordinary options available but your are very interested in their company. If your skills are valuable to the company, they will consider your offer carefully and probably meet your terms, if within reason.

 

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