5 Salary Negotiation Tips
Are you expecting job offers? Are you hoping for a raise? Salary negotiation can make anyone nervous and anxious. Here are 5 tips for negotiating your salary.
- Don’t Accept the First Offer
Once you get your first offer, don’t immediately say “yes”. IT’s natural to want to accept the first offer you receive. Instead, thank the company for the offer and ask for 24-48 hours. Take this time to evaluate the offer to determine if it is fair. After you’ve made your decision, approach the employer with your counteroffer. Be ready to negotiate a higher salary.
- Don’t Over Share
During your salary negotiation, wait for the employer to make their offer. Unless the employer asks what your expected salary is, don’t provide a number until requested. Patients is the key — be patient and wait for the employer to present their salary based on their evaluation of your experience and skills.
- Don’t Get Emotional
The salary negotiation process is a high wire act and can be very stressful. Don’t let your stress affect the process. Remember to be professional and positive at all times.
- Find a Balance Between You Salary Goals and Your Employers Budget
The most important rule in salary negotiations is knowing what you are worth, while understanding what your employer can offer. The worst thing you can do in this process is ask for a salary and benefits that is significantly higher than the current market.
- Remember the Perks
Many people forget to negotiate the extra perks as part of their salary negotiations. Don’t just focus on the salary, take into consideration the company’s health insurance, paid time off, and ability to telecommute. Often, these extra perks can be a significant and differentiate one offer from another.