Tips for negotiating the best wage offer
Author : Maya G | Published On : 11 Mar 2024
Are you one of those people who hesitates to request more money or to bargain with the employer over the compensation package being offered? If you start negotiating the salary, you probably don’t want to lose the chance entirely.
Negotiation may be your best option, though, if you believe that the salary does not reflect your experience or skill set. One such important ability that might increase your chances of receiving a just wage and greater employment possibilities is negotiation.
Let’s get started with some tips:
1. Calculate your market value based on:
- Years of experience
- Education
- Skills
- Certifications and License
- Location
Using the above factors, you can justify why a higher salary package is suitable for you.
2. Make some negotiation notes
Make a list of the questions you want to ask so you can confidently and rationally respond to the employer. The following information can be included in your answers:
- Let them give you the number and then negotiate
- High demand for skills that you possess in the industry
- You have more years of experience that the employer’s requirement
- Actual revenue you helped the previous company generate, or goals you have helped them to reach
3. Research the market industry
You can provide a reason if you are aware of the market average for the position you are applying for.
Begin your market research by finding answers to the following pointers:
- Average of the geographic location and cities
- The average salary of the desired position
- Package similar companies offering for your desired position
4. Share what expenses you are incurring
The costs you incur can be split with the employer. You will have to pay both the moving and living expenditures, for instance, if the new work is in a different city. There will also be commuter costs.
You can explain your issues to the employer and provide evidence that your request for the job is reasonable in order to establish your financial security in the new city.
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