Before the first interview, it is essential that you have already formulated a strategy to negotiate salary. Failing to do so, it’s likely your potential employer will seize the opportunity to either recruit you at a lower pay or agree to your expected salary but burden you with numerous additional duties.
Here’s a recommendation on how you can negotiate salary successfully for a new job:
Evaluate Job Description VS Your Skills
To set the stage for negotiating salary, you must first understand where you stand in this job opportunity by assessing how well your skills and experience fit the job details.
Next, it’s time to do some fact-finding on the range of salary paid for this job. You can try searching the position on major online job portals and obtain the salary range found in some of the job ads.
By having the 2 important pieces of information above, you can estimate how much you should be paid based on your skills, experience and education qualifications. In addition, you will know if the prospective employer is deliberately pressing down your value and reconsider working for such a company.
Negotiate Your Dream Salary
When the time comes to negotiate salary during your interview process, remember to be cordial while maintaining your stand. For a company of substantial size that offers an inadequate salary package, you can highlight that the pay provided is similar to those proposed by smaller companies; and since their company is more established and requires you to take up a wider range of responsibilities, you are entitled to more compensation.
The more you can persuade the interview to see how you can contribute significantly to the needs of the interviewer as well as the company, the closer you will get to negotiate the salary you asked for.
Remember to take into consideration the total job package offered which may include attractive health coverage and bonuses. An average monthly salary may become a fat pay cheque when factoring in medical coverage and bonuses.
To conclude, always formulate a strategy before the interview, think win-win during negotiation and do not be greedy. If you think you have secured a reasonable package, stop there and sign the dotted line.
Check out our review on The Ultimate Guide to Job Interview Answers if you need the EXACT things to do and words to say during interviews to get you hired.
