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how to negotiate the salary with your employer is always a tough job for the candidate. when you are in discussion with the potential employer about your potential salary package then you will definitely be confused about how to deal with this situation exactly and what type of strategy should be used.
The best way to negotiate salary with an employer is to make sure you’re prepared. You want to make sure that you’ve got all the information you need, including:
-The job description
-The salary range for the position
-Salary information for similar positions within your company
-Whether or not there is room for negotiation (and what the range for negotiation might be)
Once you have this information, it’s time to start negotiating! Here are some tips on how to get started:
-Be friendly and positive. Don’t go into this thinking that it’s going to be a fight—your employer will already be holding all of the cards (and they know it). Instead, focus on being friendly and showing them how excited and passionate you are about the position. That excitement will translate into a better offer than if they think you’ll just take whatever they offer without complaint.
-Don’t focus on money right away. Instead of asking straight out for more money, start off by talking about the position itself. Let them know why it’s so important to you and why they should keep working with you while also asking questions about what happens next in the hiring process
How to negotiate salary with employer
don’t reveal your current or previous salary
You should never reveal your current or previous salary to a potential employer. It is illegal for an employer to ask you this information, and it’s none of their business anyway.
The reason this is important to avoid is because it will make you seem desperate for the job. If they know how much money you currently make, they might try to lowball your salary offer in order to make an extra buck off of a desperate candidate.
research the market rate first
It’s important to research the market rate before negotiating your salary. You should know the industry standards, region’s standards and company’s own standards of salary. You may have heard that it’s best to get an offer from a company before asking for more money, but this isn’t always true.
- What is the market rate? The market rate is what others in your role are making at similar companies in similar locations with similar experience levels. If you don’t know what these numbers are, research them!
- Why do I need to know? Knowing how much others make can help inform when you ask for a raise or how much you’re willing to accept from an offer from a new employer. It gives context around why certain offers might seem low or high based on what other people in your field and location earn each year.*
know your worth
When negotiating salary with an employer, it’s important to know your worth. You should be confident in your skills and experience before you sit down to discuss pay. This will allow you to have a clear sense of how much money is fair for the job at hand, and give you the confidence needed to negotiate efficiently.
So how do you find out what other people are making at your level? Well, there are plenty of sites where people post their salaries online—but not all of them are trustworthy sources! How can we tell if a website is reliable or not?
levergae your experience and skills to earn more
- Leverage your experience and skills to earn more.
- Talk about your skills and experience.
- Explain how you’ve used those skills in the past.
- Discuss achievements that illustrate what you can do with a particular skill set.
- Mention certifications that demonstrate competency in an area of expertise or industry knowledge (don’t overdo it).
If you have a degree, tell me about it!
make sure you’re doing it right
- If you’re looking for a new job, it’s important to negotiate the salary before accepting the job.
- To make sure that your negotiation is successful, do some research before starting the process. This can mean asking friends for their advice or taking courses in negotiation skills.
- Don’t forget about other benefits that can be offered during negotiations—benefits like paid time off or health benefits are just as important as salary when considering whether or not a job is right for you.
- Think about what you want to happen if your negotiation fails and how much worse off you would be without this job offer on the table now. This way, if things don’t go according to plan during negotiations, at least they’ll still work out overall!
understand how much you need to live
Before you start negotiating, it’s important to know how much you need to live.
You need to know what you can afford.
If you’re able to live within your means, then great! If not, some basic math can help figure out how much extra income is needed each month so that saving becomes a priority. For example: if rent is $1,500 per month and utilities add up to $100 a month (including cable), then the total cost of living is $1,600 per month. If your salary was only $2,500 per month before taxes and other deductions, then about $1,000 would be needed for savings every month in order for it not be skimpy on necessities like food or transportation costs. This would leave only enough left over after rent and utilities were paid so that savings could get started with an emergency fund of three times one’s monthly expenses ($3k).
try to negotiate using data and statistics
When you are negotiating salary with an employer, it’s important to use data and statistics. You can use this information to back up your claims about how much money is fair for the job.
- What data should I use? The best source of data is often other people’s salaries who perform similar tasks as you in similar industries or roles. You can find this information by asking around or by looking at the jobs section on Glassdoor.com or Payscale.com
- How do I gather the right information? While gathering data about what others are paid, it’s also important to gather information about yourself and how much money you should be making based on your skills and experience level:
- Find out what position you’re being hired for
- Determine whether there are any perks (like stock options) that would increase your total compensation package
- Get a feeling for what kind of responsibilities might come along with the position
how to negotiate salary with employer
- Research salary data.
- Know your worth.
- Prepare for the negotiation.
- Practice the conversation in your head. Write down any questions you want to ask and make sure you understand the answer before moving on to something else (if it’s a complicated question). If you’re nervous about asking too many questions, don’t be afraid to say “Let me think about that for a minute.” It’s totally acceptable! It also helps if you have written down some of your expectations as well as what others have told you they’ve been able to negotiate with employers at similar companies in similar positions (e.g., “I know someone who was paid $X more than me at another company”). This will help demonstrate why what they are offering isn’t quite right for certain reasons and make them want more than anything else in life: To give an employee everything they need while keeping their costs low at all times!
