Salary Negotiation 8 rules to follow to be successful
Salary negotiation: Introduction
Salary negotiation is an important part of any job search, this will hopefully occur as a result of you having been successful in the Interview stages and therefore being made an offer for the position applied for.
There are certain things you need to keep in mind when executing salary negotiation in order to get the best results possible.
Salary Negotiation: Rule 1
Know the salary you want to earn and what you will be willing to settle for:
This is important because if you don't what salary you are aiming for your negotiations will lack direction and will therefore be weaker.
Salary Negotiation: Rule 2
Research the salary being paid for the position:
If you know what salary the organisation are willing/ looking to pay this will help you know the parameters within which your salary negotiation can take place.
Salary Negotiation: Rule 3
Don't discuss your salary before being made a job offer:
While you may know what you are seeking and what the company are willing to offer up to its unwise to state what salary you believe you'd desire as this may price yourself out or you may have undervalued yourself. The best way to approach this is demonstrate your worth first and then if they come back with an offer you feel isn't suitable then execute your salary negotiation.
Salary Negotiation: Rule 4
Do not disclose your past salary:
Avoid this whenever possible, once your past salary is on the table, your negotiating edge goes out the window as the employer will then have a perceived value of what you are worth.
Salary Negotiation: Rule 5
Don't forget the value of benefits when taking part in salary negotiation:
Certain benefits, holiday allowance etc. can be of a lot of value so take that into account when considering salary negotiation, also while you may not be able to negotiate your base salary there may be scope for salary negotiation if there is a bonus scheme.
Salary Negotiation: Rule 6
Make your salary negotiation a friendly experience:
Be amicable when taking part in salary negotiation. You should make the employer feel that you are on the same side and working together to find a package that would satisfy everyone's needs.
Salary Negotiation: Rule 7
Don't say yes to an offer right away:
Be enthusiastic and appreciative when you get the job offer, but ask for at least 24 hours to respond. This gives you time to review the offer and make sure it suits you needs and if not plan how you intend to approach your salary negotiation.
Salary Negotiation: Rule 8
Get it in writing:
Once you have accepted a job offer and salary, be sure to get it in writing, that way its legally binding and there is no room for or confusion on yours or the employers side.
Salary Negotiation: Conclusion
Salary negotiation is an important skill following these rules your salary negotiation technique should improve fairly dramatically and result in you getting better starting salaries.
For futher advice on salary negotiation and all aspects of your job search look at
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