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7 Salary Negotiation Tips For New JobsJay Bauder
Seven Basic Salary Negotiation Tips
Money is the most sensitive issue in the whole hiring process.
Discussing the compensation often causes anxiety on both
employee and employer. Here are seven ways to make the process
of salary negotiating efficient.
1) Research: Before the interview process begins, contact the
professional organization that represents your field of career.
As soon as they provide you with your salary information, you
can now examine your monthly cash requirements. Remember that
once your taxes are added to your paycheck, approximately 30% of
your gross monthly salary is deducted.
2) Determine your skills: You should understand that different
segments of the economy require a variety of skills depending on
the industry setting. Once you have established what your skills
are and what they are worth to the current employment market,
you would know the limitations of your negotiation.
Salary range information is available at American Almanac of
Jobs and Salaries, National Association of College and
Employers, Career Center, and professionals in your related
field.
In stating your salary range, avoid basing your desired salary
on your current salary. Always tell the truth when it comes to
your past salary. It is acceptable to extend a range to
approximately $6,000 to show that you are within the company's
price range but interested in more compensation.
3) Weigh the company's compensation package: To determine your
fair market value for a specific job, you should consider the
economic, geographic, and industry factors of the job offer.
Weigh the benefits of compensation and promotions, insurance,
allowed time off and retirement settlements of the offer to
ensure a fair proposed salary.
4) Sell yourself: If you know what you could offer the company
requires a larger income, never say it directly. Once you sell
yourself discreetly, the interviewer would understand that the
proposed salary is not appropriate for your background.
5) Have a positive attitude: In negotiating, never compete.
Negotiation is basically a process which could benefit both
parties. Understand your needs and those of the company.
6) The final offer: Be aware when the negotiation is done.
Pushing further when a deal has been set could give a negative
first impression on your part.
7) Show what you are made of: The interview is only the first
step in having an enhanced compensation. Once you are hired,
offer your skills to the company and prove your worth by doing
quality work. You may even get a promotion for doing so.
Based from a survey conducted by the Society for Human Resource
Management, four out of five employees are willing to negotiate
compensation. Understanding these basic tips will allow you to
enhance the terms of your new job.
About the author:
Jay is the web owner of http://www.jobs-in.com Online Jobs, a website that
provides information and resources on searching for jobs
nationwide. You can visit his website at: http://www.jobs-in.net
Jobs | Job Search
Contract Negotiation Process News
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UPDATE: Yahoo Begins Search For New CEO; Co At Crossroads CNNMoney.com - Chernin is currently in contract negotiations with the global media giant after 12 years on the job. His experience running a large and complex media ... |
Closing on a House: Negotiations and Agreements - American Chronicle
Closing on a House: Negotiations and Agreements American Chronicle, CA - During this key home negotiation process, real estate agents can be very beneficial . Not only have they taken classes on how to negotiate and reach amiable ... |
Lakota OKs teachers contract - Cincinnati.com
Lakota OKs teachers contract Cincinnati.com, OH - Contract negotiations, which began in May and ended last month, saw Lakota's 1200-member teachers union hold demonstrations and marches that at times ... Tensions remain high in Lakota despite contract approval |