Whether you’re interviewing for a new position, negotiating a job offer or starting a whole new career, the salary negotiation process is inevitable. Salary negotiation can be tough but it is important, considering that for most of us our salary has a huge impact on our working life. It will determine if we decide to take on a new position or stay with our current company. Here are some tips to help you earn a little more money and probably even some extra benefits too.
Do Your Research
Knowing your worth is half the battle. It’s important to be knowledgeable about the current job market and know your place in it. So, do your salary research such as gathering data on your recent performance appraisals that have proven your achievements and make sure to compare it with your place in the current job market. Base your new salary request on this data.
Demonstrate Your Value
Make sure to let your value be known to your employer (be it current or prospective). It is important to list the contributions, achievements and growth during your tenure. This will help your employer recognise your effort and possibly side on your offer.
Don’t Make Demands
It is important to recognise that when making a salary negotiation, it should never be presented as an ultimatum. While you want to make the first offer, it is important to start off your negotiation by expressing your gratitude, featuring your accomplishments and only when your employer has come into agreement with you, then place the offer.
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