Home     l    Register    l    Login    l    SMS Alert    l    Career Advice & Article    l    Affiliate    l    Employers   l   BOOKMARK US 

Seven Basic Salary Negotiation Tips


Money is the most sensitive issue in the whole hiring process. Discussing the compensation often causes anxiety on both employee and employer. Here are seven ways to make the process of salary negotiating efficient.

1) Research: Before the interview process begins, contact the professional organization that represents your field of career. As soon as they provide you with your salary information, you can now examine your monthly cash requirements. Remember that once your taxes are added to your paycheck, approximately 30% of your gross monthly salary is deducted.

2) Determine your skills: You should understand that different segments of the economy require a variety of skills depending on the industry setting. Once you have established what your skills are and what they are worth to the current employment market, you would know the limitations of your negotiation.

Salary range information is available at American Almanac of Jobs and Salaries, National Association of College and Employers, Career Center, and professionals in your related field.

In stating your salary range, avoid basing your desired salary on your current salary. Always tell the truth when it comes to your past salary. It is acceptable to extend a range to approximately $6,000 to show that you are within the company’s price range but interested in more compensation.

3) Weigh the company’s compensation package: To determine your fair market value for a specific job, you should consider the economic, geographic, and industry factors of the job offer. Weigh the benefits of compensation and promotions, insurance, allowed time off and retirement settlements of the offer to ensure a fair proposed salary.

4) Sell yourself: If you know what you could offer the company requires a larger income, never say it directly. Once you sell yourself discreetly, the interviewer would understand that the proposed salary is not appropriate for your background.

5) Have a positive attitude: In negotiating, never compete. Negotiation is basically a process which could benefit both parties. Understand your needs and those of the company.

6) The final offer: Be aware when the negotiation is done. Pushing further when a deal has been set could give a negative first impression on your part.

7) Show what you are made of: The interview is only the first step in having an enhanced compensation. Once you are hired, offer your skills to the company and prove your worth by doing quality work. You may even get a promotion for doing so.

Based from a survey conducted by the Society for Human Resource Management, four out of five employees are willing to negotiate compensation. Understanding these basic tips will allow you to enhance the terms of your new job.

1. Online job search do's and don'ts
2. Mastering the art of online job applications
3. Time-tested tips for handling job rejection
4. Quick cover letter tips to use now
5. 10 cover letter mistakes to avoid
6. accounting jobs
   
7. advertising job search tips
   
8. Best Jobs
   
9. Create a list of your warm contacts
   
10. entry level jobs 101
    
11. executive job search
    
12. follow up on all contacts
    
13. Get The Employer Nod
    
14. Get two interviews each day
    
15. health care job search tips
    
16. how to make cold calls
    
17. identify your skillset
    
18. improve your interviewing skills
    
19. IT job search tips
    
20. Job Description
    
21. job for the overaged
    
22. job hunting guide
    
23. job hunting online
    
24. Job Hunting Tips
    
25. job interview faqs
    
26. job interview tips
    
27. job search abroad
    
28. job search engines
    
29. job sites
    
30. jobs for the new grad
    
31. knowing the best job for you
    
32. Learn how and where to look for jobs
    
33. learn to think outside the box
    
34. make the best out of job fairs
    
35. making the most of job listings
    
36. medicine job search tips
    
37. most wanted job skills
    
38. never be jobless again
    
39. new grad and salary negotiation
    
40. part time job search
    
41. resumes that will land you a job
    
42. salary negotiation
    
43. sales job search tips
    
44. Send thank you notes to each interviewer
    
45. set a schedule and spend time actually looking
    
46. set an objective
    
47. skills emphasis job interview
    
48. skills matching jobs
    
49. successful local job search
    
50. Teen Jobs
    
51. Try and get two referrals from each contact
    
52. Use your warm list to begin networking
    
53. your job is to find a job