DOs and DONTs Concerning Salary Negotiation

Salary negotiation is a tricky phase. There are so many things to consider, especially if your really need a job. Find out what you can and cannot do during salary negotiation.

DOs

Know your market value. Do research on the salary ranges. You must know the average salary for candidates with your education and skills in a specific location, position, and industry.

Seek alternatives. If you did not get everything you wanted in your salary, think of other benefits that can compensate for it. Will it be a bonus, profit sharing, flexible work schedule, communications allowance, or others?

Be patient. Do not rush yourself into making a decision. Consider the pros and cons. When the right time comes to make a decision, be ready to answer with a yes or a no.

DONTs

Don’t be the first one to mention any amount. The problem here can be any of these two scenarios. If you mention a low amount for your salary because you are desperate for the job, you are selling yourself short. And if you give too high a number, you may blow off your chances of getting further into the hiring process. If you really have to give an amount for your expected salary, give a range.

Don’t make wrong comparisons. Some people think that just because you have the same job title as another person, it means you must have the same salary. For example, if you are in a small organization, you cannot compare your salary with a person working in a multinational organization.

These are just some important tips for salary negotiation. After negotiating, whether you got everything you wanted or not, celebrate because you now have a job. You can always explore other opportunities and take advantage of your work experience.

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