Find out more about salary negotiation, how to negotiate salary, how to negotiate salary at interview, salary negotiation skills, negotiating skills, how much salary do i need on careerkeg.com.
The salary negotiation is one of the toughest moments to face. It requires a lot of precision and preparation, but if the negotiator is well prepared these few minutes will be enough to conclude a great deal. Let’s look more carefully at how to negotiate salary at interview, because it is an important step in the professional career.
Negotiating a salary is a delicate process. You want to get the best deal for yourself, but you also want to present yourself well and make sure that you don’t offend the hiring manager. Here are some tips for negotiating salary at an interview:
- Do your homework. Before going in for an interview, research what others with similar experience are making in that area. You can also ask friends who have been through this process if they know of any information about salary ranges at the company where you’re interviewing.
- Be realistic about what you’re worth—and why. It’s important to have done your research before negotiating because it will help you understand what your skills and experience actually mean to potential employers, so that when they ask how much money you want, you can say something like “I’m hoping around $50k.” That’s reasonable, given what we know about salaries in this industry and region, but we don’t want to come across as greedy or unrealistic—which might happen if we asked for $60k without having done our homework first!
- Don’t let them go first! If possible, wait until after they’ve made their offer before bringing up salary expectations again (or at least wait until after any other
How to negotiate salary at interview
Before you negotiate, do some research.
Before you go into your next salary negotiation, do some research.
- Research online: Use Google or LinkedIn to search for information about the company and its competitors. Find out what people are saying about the company and if there are any negative reviews that might influence your decision to work there. Check Glassdoor to see what employees are saying about their salaries and benefits packages, as well as what they like most (and least) about the company culture. If you’re interviewing at a small startup that doesn’t have many reviews yet, reach out directly to candidates who may have worked there in the past for recommendations on how much money they were paid when starting out at this particular organization — even though it’s only one person’s opinion, their answer might give you an idea of whether or not there’s room for negotiation during this particular interview process!
- Talk with friends: It can be both fun and helpful when discussing salary negotiations with friends who’ve recently been through similar experiences themselves because they’ll likely know exactly what all goes into such an important conversation between employer/employee before making a final decision.”
Come up with a salary range.
Knowing the salary range for a job is one of the most important things you can do before you start negotiating. It will help you figure out what’s realistic, and let your potential employer know that you’re serious about this position.
- Research pay for similar positions in your area. Use resources like Glassdoor, PayScale, and Monster to get an idea of what other companies are paying people with similar experience and qualifications as yours. (If there aren’t any other companies with open jobs like yours, look at salaries for small businesses or startups.)
- Consider if there are any benefits or perks that might compensate for a lower salary than others would be willing to pay. For instance, if working from home every Friday would mean less time away from family than sitting in traffic every day? Or if having a flexible schedule could allow someone who needs child care during the day—and doesn’t have access to great child care options—to take advantage of opportunities outside her normal hours? If these things apply to your situation, discuss them with your potential employer when negotiating salary so they know how much they mean to you!
Don’t bring up salary at the first interview.
- Don’t bring up salary at the first interview.
- The first interview is all about making a great impression, and this includes making sure that you’re a good fit for the job. The goal of this meeting is to get an offer; once you have one, then it’s appropriate to discuss salary terms.
- If they ask what you make currently, give them a range instead of an exact figure. This gives them some flexibility in negotiations without outing your actual pay rate (which can help protect your privacy).
Negotiate in person (and be prepared for it).
When it comes to starting salary negotiations, you might think that in-person is better than remote or virtual methods. But for many candidates, negotiating over email is the easiest and most direct way to go. Email also gives you a chance to review your message before sending it—so you can make sure your tone is professional and considerate of the other person’s time.
If you’re going with email, stick with brief sentences and paragraphs without too much detail (after all, there’s no one else around). Don’t ramble on about your accomplishments or how cool this job will be; instead focus on why YOU want THIS job! Be clear about what kind of compensation package makes sense for YOU as well—and don’t forget all those awesome things I mentioned earlier!
And if someone offers me an interview slot at their company but asks me not to negotiate salary until after I’ve been hired? Well then they’ll just have wait until after they’ve hired me…
Know your bottom line.
Knowing your bottom line will help you negotiate confidently. You need to have a clear idea of:
- The minimum salary you need to cover your expenses.
- Any financial goals you have (paying off debt, saving for a house, buying a car).
- Any non-financial goals (getting more vacation time or flexible hours).
If the employer is offering less than what you want, it can be tempting to settle for the higher salary in order to get hired and start building your career. But if it’s not enough, then it will eventually hurt both parties as they try and make up the difference over time through raises and benefits—and this could also mean that one day down the road they’ll have to cut corners with other employees just so they can afford their own raises and benefits!
Be realistic about what you’re worth.
Before you begin negotiating, it’s important to understand what your skills and experience are worth. This will help you determine if a prospective employer is offering a fair salary, or if they need to be convinced that your work is worth more than they’re offering.
To find out where you stand in terms of salary, research the industry average for people with similar experience in your field (if possible). You can also search for job postings for positions similar to yours; compare the salaries listed there with what the company has offered. Keep in mind that not all companies post actual salaries on their website—some only list ranges or levels of compensation instead. Take note of these differences as well.
Once you’ve assessed how much others are making at comparable companies and positions, ask yourself how valuable any extra benefits are compared to an increased salary offer from this particular company. Some employers may offer higher pay but less flexibility when it comes to hours or vacation time off; take stock of which would be more valuable for your personal circumstances before making any final decisions about which jobs are more attractive overall based on those factors alone!
Know what’s most important to you (and be willing to compromise).
The first thing you need to do is decide what’s most important to you. It’s unlikely that a company will pay you exactly what you want, so know that whatever salary number they give you will be lower than what you’d like. Take into consideration the benefits and amenities that different companies offer, as well as their working conditions (commute time, workplace culture). Don’t expect that by asking for more money alone, all these other factors will fall into place—the company may not be willing or able to change them just because of your request.
It’s also important to have a backup plan in case negotiations fail: work out exactly how much money you would need in order not only survive but thrive with another job opportunity in mind.
Assume they want to pay you as little as possible.
You need to approach the negotiation with a realist mindset. You know how competitive the job market is, and it is important that you understand what your skills are worth in the marketplace. If an employer has offered you a position, they must have seen something special in you—even if it’s just that they need someone right away or on short notice.
Once you have an idea of what other similar positions pay, start working with them on their budget for this role and how much they can afford to pay. Remember: They do not want to spend too many dollars on one employee!
Consider all benefits, not just salary.
When you’re negotiating your salary, don’t forget about the other benefits that can make a big difference in your life. If you want to be happy and healthy, it’s important to find out about the company’s health insurance offerings, as well as how much of those costs are covered by the employer. This will help you determine if you can afford coverage on your own or if there are other options available (such as COBRA).
If flexible working hours matter to you, ask about PTO policies and whether there might be room for negotiation on this front. You should also consider retirement savings plans—if they aren’t offered through work yet, consider asking if they could be set up during negotiations so that both parties get what they want while saving money.
Do your homework, be flexible, and get creative when negotiating terms of employment.
When it comes to negotiating your salary, there is no one-size-fits-all approach. The best way to approach the process is by doing your research and being prepared for anything. You should know the average salary for your position and any other roles that are similar to yours in the same company, as well as how they compare with salaries at other companies. It’s also important to know what kind of budget you have to work with and what kind of benefits you’re looking for (if any).
Once you’ve done this research and have a good idea of where you stand in terms of value, it’s time to get creative. If there are other perks or bonuses that would entice you into accepting an offer, be sure those are on the table before signing on the dotted line—and don’t be afraid ask! Above all else though: do not talk about money during your first round interview!
