Tips For Salary Negotiation

Many people just settle over what the employer offers doubting the risk to lose a job if they negotiate

. But it is mandatory for you to know that salary negotiation is not just your right but also your duty, if you feel you are being given less than you deserve.

Here are a few tips that you can use in the process of salary negotiation:

Tip 1: Be well informed

The first thing before you proceed is to be well informed and well prepared before moving ahead. This is very important because only when you are well informed, you would be able to strike a best deal. The more informed you are the more chances you have to be successful.

Tip 2: Keep in mind that employment discussions are different from other negotiations

Always keep into mind that salary negotiation deals are very unique and different from other deals like buying a house or a vehicle. This is so because you need to balance your talks very critically so that it doesnt blemish your image. You need to be professional and deal very meticulously because the person you are negotiating with is also the same person youll have to work with.

Tip 3: Examine your as well as the employers priorities

Before moving ahead, you should first examine what your priorities are. Be confident whether youll be able to work at the given salary and meet the bonus criteria or not? Also, as mentioned above, you should be well informed about the employers prospects. You should know how much budget is allocated by the company to a particular designation and whether there is any scope of negotiation or not. Understanding all this would enable you to strike a best deal.

Tip 4: Understand when to press your advantage and when to back off

When you are shortlisted in an interview, understand that there could be two situations playing on your part. The first one would be that you are the only one selected for the post and the second one would be that many others are selected for the same post. In a former situation, the company finds you the only suitable candidate and in such a scenario you have the advantage to your side. In case of a latter situation, the company would be happy to employ any person out of the selected candidates. Therefore, you should move ahead very scrupulously in discussing about your salary. In short, you must understand when to press your advantage and when to retreat.

Tip 5: Honesty is the best policy

While negotiating, make it clear into your psyche that being honest always works as an advantage. If you lie to strike a deal, sooner or later youll get caught and this would affect you integrity. Therefore, you must always be truthful to your employer.

These few tips could help you with salary parley and hit a good deal which would favor you as well your employer.

by: sunil juyal

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