how to negotiate salary with job offer. If you wait until the end of your interview and ask the potential employer the salary expectations, this can hurt your chances at getting the desired role. Developing a salary negotiation strategy early in the process can help you avoid interviewing with companies who don’t have interest in your skillset.
If you’re looking to negotiate salary with a job offer, make sure you do it right.
The first thing you need to know is that while the practice of negotiating salary can be intimidating, it’s also very common. As many as 70% of new hires negotiate their salaries when accepting new jobs.
It’s also important to know that you have a lot of leverage at this point in the process—you’re essentially negotiating for a position that doesn’t exist yet, so there’s no one else who can take your place. That means that if the company wants to hire you, they’ll have to meet your terms or say goodbye.
In addition, if you’ve already accepted an offer from another company and are considering asking for more money at [company name], consider whether they’re likely to match or beat it before proceeding further with negotiations. If they won’t match or beat what you’ve already been offered elsewhere, then it might not be worth putting yourself in a situation where they could rescind their offer because they felt pressured into offering more money than they planned on giving in order to retain your services.
If you decide going forward with asking for more money
How to negotiate salary with job offer
The first step is to decide how much you want to earn.
Step 1: Write down your expenses. This is important because it will help you to determine how much money you need in order to live comfortably and pay for these expenses. For example, if your rent is $1,200 per month and you have $600 left over at the end of each month after paying all of your other bills, then maybe this means that $1,200 is the right amount for salary that will allow you to live comfortably while also paying off those bills.
Don’t forget about other expenses too like entertainment costs (Netflix), food (grocery store), transportation costs (public transit), etc., as well as monthly payments on debts like student loans or credit cards!
Your research will include finding out what a potential boss wants to pay – which may be less than what you’d like.
Your research will include finding out what a potential boss wants to pay – which may be less than what you’d like.
- What is the salary range for your position and location?
- What other perks could you negotiate, given your unique circumstances?
- How healthy is the company financially? Do they have budgetary restrictions that might affect hiring decisions or salary offers?
- How do employees get compensated in this organization, and how does that compare with companies of similar size in industry sectors where you’ve worked before (or would like to work)?
- What’s their culture like—i.e., is it more formal or casual than what you’re used to—and what role did people play in creating it (i.e., was it created by senior management or by employees themselves)?
You should know what industry standards are.
The next step is to figure out what other people in your industry are making. If you can’t find a guide online, talk to people in the field, or ask for them directly.
It’s also important to consider what value you bring to the company. Is your skill set unique? How much do they need it? What will happen if they don’t hire you (or pay you more than market value)? Are there any other factors that could influence salary negotiations?
Be prepared to negotiate on perks as well.
Negotiating on benefits can be an important part of your negotiation strategy.
You should be prepared to negotiate on things like telecommuting, flex time and vacation time. Your employer might be willing to negotiate on benefits if you have a strong argument for why you need them or if they are viewed as a perk that helps attract top talent. It’s important to be clear with what you want and why it would benefit the organization.
There’s more than one way to be valuable.
Before you can ask for more money, it’s important to understand what value you bring to the company. Having a flexible mindset will allow you to negotiate your salary without feeling like you need to justify yourself or your request.
If you’re able to quantify your worth in terms of the impact that your work has on the company, that’s great! If not, take some time and think about how other aspects of your job contribute positively (or negatively) towards the success of the organization. For example: if you are a customer service representative who handles calls from customers who are unhappy with their purchases, this could be viewed as negative experience for those customers as well as costing them money due out-of-pocket when they return an item. But if instead of simply taking down their information and offering an apology for their frustration or inconvenience, someone took time out of their day after hours or on weekends when no one else was around so that they could solve their problem before it escalated further—this could be considered valuable because it prevented unnecessary stress on both parties by resolving issues quickly so that everyone can move forward happily into future purchases with confidence in knowing there won’t be any unexpected surprises waiting inside those boxes!
Negotiating your salary is worth the effort.
Negotiating your salary is worth the effort. If you don’t ask for what you want, you will not get it. Negotiation is a skill that can be used throughout your career to maximize your earning potential and grow equity in your life. The most important thing is to be prepared: know what the offer is before negotiating—and have a reasonable counteroffer ready in case they don’t meet all of your demands!
Conclusion
We’ve only covered a few tips for salary negotiation here, but you can find many more on our website. Hopefully, this article has given you the confidence to tackle your next salary negotiation!
