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Seven Basic Salary Negotiation Tips

Started by Perfect, 2010-04-05 09:19

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Perfect

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.


Webm

Perfect thank you for this is very useful.

Webm




Perfect

Africa top forum is in internet space for a purpose.
Africa top forum will not relent to give useful information to african's communities.

turigee



Perfect

turigee, good to know you love the tips,
Always here to make a different.

Carroll

You must have a lot of pride in writing quality content. I'm impressed with the amount of solid information you have written in your article. I hope to read more.

Natashawilliams

Awesome!! Actually I am looking for a change and this article would help me a lot. I am just hoping for best in my next scheduled interview i.e. for bulk SMS service provider company in India

mardetin412

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When it comes to negotiating your salary, it's important to approach the conversation with confidence and preparation. One unconventional tactic you could consider is using the "wicked whims" approach, which involves injecting a bit of unpredictability or surprise into the negotiation process. For example, you could strategically introduce unexpected but reasonable requests or concessions during the negotiation to keep the conversation dynamic and engage the other party's interest. This might include asking for additional perks or benefits that are important to you but weren't initially discussed, wickedwhims as flexible working hours or professional development opportunities.
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mardetin412


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