When it comes to hiring negotiations employers rarely make their best offer first. Like all business practices, the negotiation process is strategic. Additionally, candidates who intentionally negotiate salary and benefits generally earn more than those who don’t.
Plus, a well-thought-out negotiation shows the strength of your character which, in turn, portrays the powerhouse employee you plan to be.
Prior to the interview, make time to do research. Know the industry salary standards and learn about the company’s current salary and benefits ranges. These understandings will be valuable when asked for your ideal salary.
During the interview, hold off on the money talk.
Honestly, discussing financials too early can be a major cooling point. The time to talk about money is when they’ve fallen in love with you. Once the employer has decided you’re right for the job, then all focus can move to the big money.
Inevitably, of course, you will be asked about salary expectations. It’s a common tendency for people to lowball their salary range. We get it. Everyone wants to stay in the game when this question comes into play. It helps to specifically know in advance what you want from the position.
Know your worth and consider not just your short-range salary goals but also your long-term career momentum.
The Offer Is On The Table: 3 Tips for Next Steps
Don’t Commit Too Quickly: Employers often offer the job and salary simultaneously. Never say yes right away — even if you like the offer. Tell them you’ll give them an answer within a certain time frame. There is nothing wrong with coming back to try and get more.
Articulate Your Expectations: Consider whatever has a perceived value to you. This could be time off, flexibility about where you work, autonomy or ownership over a specific area or the basics of job title. Tell the employer what you want from the job, in terms of salary, benefits, and opportunity.
Negotiate Extras: If the employer can’t offer you the salary you want, think about other valuable options that might not cost as much. Remember, education is a great benefit which not only costs employers less to offer but can make a big difference in your long-term marketability.
You also can add a few contingencies showing your confidence in your performance.
You could ask the employer to give you a salary review after six months rather than a year. You could open the discussion for a year-end bonus if you achieve certain goals. It shows that you believe in yourself and are committed to bringing significant value to the organization.
Now, the first step is to get yourself out there! Whether you’re needing a Resume update, Cover Letter, Recruitment Services or LinkedIn optimization, our team at Power Writers has what you need.
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