Salary negotiation | Rhinedeals

Most of us work very hard to get the good salary. But when it comes to negotiating salary with employer we lack the skills. Even small increase in salary will affect our earnings dramatically. Here I will tell you some tips & the key points that you need to consider for your salary negotiations with employer. So lets begin....

How To Negotiate Salary

According to the survey, only 37% people negotiate their salary and rest 64%  either never bring the topic on the table or they never try to negotiate it.  Salary negotiations though sound to be difficult task, but in reality, it isn't. 

1. Do your home work

Before you actually begin with the negotiation, the very first thing you need to do is your home work. You need to check out the value of your own skills. With some market research, you can easily find out what pay everyone else is getting for any specific skills & experience. By doing the research you will then draw your value. So before actually selling your skills to employer, it is very much essential you should aware the market value of it. Once you know the value, you can confidently & easily do the salary negotiations.

2. Define the range

Now, since you are aware about your worth, you can set the range. The range will help you to the set the minimum salary you can afford considering the market value and the company brand. Setting the range will always help you to set the boundaries of your negotiations. 

3. Pick the exact number 

Since now you know your value, and you already defined the range, its time to pick the exact figure for your negotiations kick-off.  Always use the precise number like $78750 instead of $79000. This will give impression to the employer that you have done the research & the figures are based on your calculations.

4.  Prepare your speech

It is very much important you prepare your speech very well. You need to list down the key skills & your achievements. You need to also prepare the answers for most obvious questions like - why they should offer you the salary that you are expecting? 

Organize your entire speech, so that it clearly make sense about what you are asking and why.

5. Practice

Remember practice makes it perfect. Rehearse your speech until you feel confident for your conversation.

Tips:

1. Remember negotiations is two way process. So be prepared to hear "NO" during initial period of  your conversations.

2. Avoid accepting the offer at first instance. You can always negotiate to better deal. If needed ask for time to think about & reschedule your conversation. 

3. You should never give any ultimatums or threat of consequence.

4. Be polite in your conversations.

5. Be confident 

All the best!!