Tips for Salary Negotiation
Money…they say it’s what makes the world go ’round. I am not sure about that, but it can determine your fate in getting a position you want. Most people do not like dealing with salary requirements and negotiation. It seems to have become a game between job candidates and companies. I have received questions as of late in terms of a salary negotiation strategy and thought I should share my opinions to help you in your negotiation efforts.
Companies typically handle the initial discussion of salary in one of two ways: the company will provide you with the position salary range or the company will ask what you desire in terms of salary. It is always a gamble when pitching a desired salary to a company. Some companies are very in-tune to market salaries and skill-worth while other companies think it perfectly acceptable to pay a very low salary for a very valuable job. A good company should engage in negotiation, but some companies simply remove a candidate from the applicant pool if the salary request is too far out of range.
The key to successful salary negotiations is to first, DO YOUR HOMEWORK. Research salaries for the specific type of position for which you are applying. When matching positions on those sites, try to match the position and your skill set as close as possible. The second key is to KNOW YOUR WORTH. You know your education level, experience, and so forth. Know what your skill set is worth and be prepared to defend that worth in a salary negotiation. The final key to salary negotiation is to KNOW WHAT YOU WANT. If you have your heart set on a specific geographic location with minimal opportunities, the company may be in a position to offer lower wages. If this geographic location is really where you want to be, you might have to accept a salary that is not exactly what you want. If you are focused on a particular career path, it may require you to start low. You need to be educated and realistic in approaching your salary negotiation. Do your homework…know your worth…and know what you really want.















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