How much should I negotiate for my salary ?
Salary Negotiation Tips
Once you receive your Job Offer, the first decision is…
Do I want this job! If you do, then read on…
Once having decided to accept the job offer, you then need decide whether the salary and package offer is acceptable. If not, then read on….
When negotiating your salary offer to a new or prospective employer, you need to be particularly clear in your approach. You don't want to ruin the deal (or your first day at work) by handling the salary negotiations poorly. Be prepared! Writing a good summary for your resume
Make a list of what you have to offer
Understand and think about what you have to offer to your prospective employer.
Make a list of your
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Skills
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Experience
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Talents
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Knowledge
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Qualifications
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Explain to your prospective employer what capability and value you will add to the company.
Understand your own salary thresholds
Establish your salary requirements. Know your salary limits.
Identify three salary figures
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A salary offer you will not accept - it will not cover your expenses
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An okay, middle of the range salary offer, you would accept it, but it won't make you jump;
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A salary that is beyond your wildest dreams - where is the acceptance form!!
Understanding this salary information allows you to know where you stand. You may be prepared to sacrifice some salary in lieu of future job prospects or other non monetary items.
Identify how desperately the job needs to be filled
The more urgent the incumbent is required to start the job, the more negotiating power you have in terms of your salary requirements! How to ensure a successful interview
Be prepared to clarify your previous salary
If your previous salary earnings have been high, you need to let your prospective employer know you're your salary earnings were in a previous position. Many employers at least try to match, if not supercede your current salary.
Understand that your prospective employer has a budget.
Many employers have a salary range in mind, and will not be forthcoming with the highest salary range in the first instance, to allow themselves room for negotiating if they need to. Tips on preparing for the interview
Do your comparative salary research
Know what the going salary rate or fair market value is for your position. Discuss these figures once salary negotiation commences. There are salary surveys out there - know where to find the information you require in order to substantiate your salary negotiations. How much should I negotiate for my job offer
Ensure your salary negotiations are amiable
When discussion your salary expectations, make your prospective employer feel that you are both on the same side and working together to find a remuneration package that would satisfy your needs and their budget. Don't become defensive and confrontational during these salary discussions - it will not bode well for your future career growth within the organisation.