Important tips for salary negotiation

salary negotiation

when you are going to start your new job the first thing that comes in your mind is about your coworkers?  your boss?  NO its only money .Most of    the people feel uncomfortable at the idea of salary negotiation. Sometime you might fear that you’ll come across as rude or greedy person, but it is the standard part of hiring process. Here are some of tips and strategies for negotiating compensation package or raise from the company.

1) Your  experience

Show your past experience to your employer and tell him why you are fit for the job. Hand -on experience is the best tool for salary negotiation. You can also demonstrate the examples how you’ve increased sales by 25% and doubled the productivity of the company  in six months.

2) Wait for employer to make offer–

One of the most important step for salary negotiation is do not ask about salary yourself, wait for employer to make first offer. You can push the salary discussion until you have secured you position.

3) Never mix your personal life to negotiate salary–

Salary is always based on company’s budget and your capabilities. So never mention your personal issues why you need money. ” My wife needs an operation, so I need money”. These are not justifications for salary increase.

4) Research about position–

If you want to negotiate fair salary you need to know  what salary ranges is for someone, type of position you have offered, with your amount of experience or with your skills. We can research salary ranges through  network, use online salary calculator  or go for informational interviews.

5) Be prepared to walk away–

Stick to your guns, taking your stuff and leaving might be best negotiation tactic. Show them that you are capable of going to some other company and getting what you deserve.

6) Be flexible—

Although if employer may not be ready to offer you a magical number, be open to other alternatives such as stock option, working from home etc, some of these perks really add up quickly.

7) Give them time to think–

Let them know that they don’t have to respond you the same time. They might consult their uppers or do some research themselves