Getting a job offer can be extremely exciting. So many of us can easily let our guard down and simply jump on the offer without a second thought. However, before accepting a job offer, it is imperative to note that you have the power to leverage to your advantage.
With this in mind, you can easily negotiate for better working conditions, a higher salary as well as other benefits. Negotiating allows you to push your career forward, creating an allowance for success in your profession. The major factor that requires negotiation is your preferable starting salary.
Numerous companies, if not all, usually provide some room for negotiation when it comes to salary, as well as other benefits. Instead of letting fear get in the way, why not negotiate your starting salary for a much more successful career? Of course, you will have to work on your negotiation skills.
Below are a few tips that are crucial to keep in mind when it comes to salary negotiation.
Do Your Research
It is imperative to know the necessary information on the company that is offering you a job. Research on the company itself and the position they are offering in terms of salary. Keep in mind, that not all companies offer such information on their websites.
Try online resources such as LinkedIn and GlassDoor, among others, to find the information you are looking for. Ensure that you do not walk into the interview without a number in mind. This will only work at your disadvantage but at the advantage of the hiring manager.
Do Not Reveal Your Salary History
An employer asking a potential employee about their previous salary and expectations was a normal thing in the past. However, that is not the case currently. Affected by the certain legislative laws in certain American states, employers are not allowed to inquire of the job seeker’s salary history.
Yet, there are employers that may still ask. If this happens, ensure that you do not reveal your salary history. Revealing such information will only limit your ability to negotiate salary options.
Instead, opt out by stating how uncomfortable you are in sharing such sensitive information. Above all, keep your answers vague, do not mention any numbers so that you can maintain your ability to negotiate salary options.
Decline The First Offer
As previously mentioned, companies always provide room for salary negotiations and other career benefits. This means, that the first offer they make, is usually lower than the actual amount. This is because companies expect job seekers to negotiate after the first offer is made.
By accepting the first offer, you’ll be foregoing a lot of money (the salary you should actually be getting) for a much lower one. Counterfeit their first offer by asking for at least 10- 25% more than they offered, then work your way from there. You’ll probably end up with the amount you’ve asked for, or something close to it.
Validate What You Asked For
It is imperative that you validate the salary you asked for by stating your qualifications. State your overall experience in your profession, including your skills and abilities. Ensure that you remind them of why you would be a great addition to the team, as well as your overall value.
In conclusion, when it comes to salary negotiation, you need to know what you want. Walk into the interview room with this in mind and do not be afraid to ask for it. Besides, negotiating the first salary offer will only help improve your image. You’ll seem more confident and determined to the hiring manager.