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Job Salary - Salary Negotiation
One of the most anxious moments of a job search is that moment
when the job offer is made and the salary is far less than you had
anticipated.
You are left with the dilemma of saying nothing and receiving less
than your worth or making an observation on the salary without
having your facts at hand at which point you risk alienating your
prospective employer.
Before you enter the interview itself prepare yourself for the
possibility of a salary negotiation scenario.
The following is a list of the steps you must take to prepare
effectively:
- Complete extensive research on your salary expectations, benchmarking against industry standards.
- Perform research using tools such as salary.com, which can provide the detailed information you are looking for.
- As your prepare for your interview detail your strengths and experience, your successes and achievements, these are your greatest bargaining chip. Demonstrate how these achievements will effectively contribute at your new organization.
- Look at the added benefits being offered such as Stock Options, Compensation Packages, Pension, Health Insurance, Bonus and Holidays amongst others as they have added worth.
- If you are relocating for this new position look at the expenses that have to be incurred including travel expenses, temporary housing arrangements, and relocation expenses. These needs to be considered as you negotiate your salary.
At the interview itself it is important that you wait until the
employer mentions the salary first, doing so first will reflect
badly on your interview etiquette.
Avoid entering into the salary negotiations until you have the
complete picture of what is involved so that you have a solid base
from where to negotiate from.
Once your employer has made the initial offer, you may provide the
salary range in line with the position you are seeking. The
employer will quickly see that you have performed your research and
have your facts. Don't raise your current salary so that you may
inflate the salary requirements for the new position. Your employer
will quickly determine that you have been untruthful and your
credibility will be destroyed.
You are in no way obligated to accept the first offer just because
you feel it is the correct thing to do, your dissatisfaction will
quickly turn to resentment which will lead to an unhappy working
environment. This is why extensive research must be performed so
that you are in a confident position as you begin your
negotiations.
Becoming agitated or aggressive will irreparably damage the
carefully cultivated image that has been presented to the employer
thus far. Be positive at all time and focus on the salary rather
than the situation.
Finally ensure that once you have reached agreement with the
employer that you request confirmation of the salary in writing,
effectively closing the deal.
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