10 Best Salary Negotiation Tips

10 Best Salary Negotiation Tips

10 top salary negotiation tips to help you negotiate your job offer.

Follow these basic salary negotiation tips to prepare your strategy for job offer negotiations and ensure a successful outcome.

1. Delay salary negotiations for as long as possible

Candidates often ask "Do you negotiate salary before or after the job offer?"

Actually you should only enter into negotiation once you have had a formal job offer and the employer is convinced of your worth.

Your power to negotiate is much greater when the employer has decided you are the best candidate for the position.

 Note that If you are asked to state a salary on the application form respond with the words "open" or "competitive".

2. Know who has the authority to negotiate

Try to set up your compensation discussion with this person directly. Don't waste time negotiating your job offer with an employee who has not got the authority to make any changes or improvements on the offer.

3. Determine your exact salary requirements

Calculate your acceptable salary range. You want to earn enough to support your lifestyle. Use the expenses calculator to know how much money you need to live on and how much money you would like to live on. These amounts give you your acceptable salary range.

4. Do your homework before negotiating the job offer

The greatest tool in any negotiation is information. Find out your competitive market value by using the resources at salary negotiations and know exactly what your skills are worth in the current job market.

You should support your salary request with documentation including current market salary data

5. Know your company-value

This is what you are worth to this specific employer. Consider the following.

• How easy is it for this company to find someone with my skills
• What is the current salary range for other company employees with similar skills
• How urgently does the company need to fill this position
• How many candidates did they interview for this position

This information provides you with an understanding of how much negotiating power you really have.

It is important to differentiate between your market value and your company value. Focus on your value and not your needs.

Structure your salary negotiations around the value you bring to the position and company and avoid mentioning what you need or feel you deserve to be paid.

6. Consider the job offer as a whole

• Prioritize your interests and determine which of the benefits you are willing to negotiate.
• Start with negotiating your basic salary first and then move on to the benefits, one element at a time.
• Just remember you usually cannot try to negotiate the entire job offer.

Key to salary negotiation tips is to choose the elements you want to negotiate carefully and make sure you have solid research to back up your proposal.

7. Set a formal tone for the negotiations

Start the actual negotiations by thanking the employer for the job offer and restating your interest in the position and company.

Begin at the top of your predetermined salary range. Research often shows a strong link between people's aspirations and the outcome of the negotiations. Aim high but be realistic.

Remember that a negotiation is about listening to each other and respecting the needs of both parties. Avoid demands, threats and defensive behavior. The outcome should benefit both parties.

8. Sell yourself throughout the negotiations

Remind the employer of your value to them and continue to express enthusiasm and commitment for the job and company.

9. Be aware when the final offer has been reached

This is the end of negotiations and you need to decide if this final offer is acceptable or not. Know when to stop and take the best offer on the table. To carry on beyond this point could cause ill-feeling and damage any future relationship.

10. Get the final offer in writing

A formal offer should be given in writing and if the employer is reluctant to do this it is a major red flag that there is something wrong.

It is important to keep in mind that the majority of job offers are negotiable but only a small percentage of job candidates actually enter into negotiation. You don't have to be an expert negotiator to get the job offer you want.

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http://www.Careeryonline.com lets discovering new possibilities without harming your current work situation.

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