Remuneration can be a difficult topic for discussion, especially with an interviewer you have never met before. Your aim for the negotiations is to settle on as high a salary as possible. But how much is too much to ask for before you look greedy and unrealistic in your expectations? Coming across too confident or even cocky during the negotiations may be a major turn-off for your prospective employer. You've made it this far through the recruitment process, don’t blow it by seeming out of range.
Confused by the whole process?
...
Good luck!
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2. Remuneration can be a difficult topic for discussion,
especially with an interviewer you have never met before.
Your aim for the negotiations is to settle on as high a
salary as possible. But how much is too much to ask for
before you look greedy and unrealistic in your expectations?
3. Coming across too confident or even cocky during the
negotiations may be a major turn-off for your prospective
employer.
You’ve made it this far through the recruitment process,
don’t blow it by seeming out of range.
4. Confused by the whole process? I wouldn’t be surprised.
Settling on a starting figure can be one of the toughest parts
of the interview process.
However, there’s no need to stress, here are 5 tips to help
ensure the negotiations end in a win for both you and your
employer.
5. Your existing salary – Your potential employer knows that
your new salary will either have to match what you currently
get paid, or beat it, to entice you to make the move.
6. Know what you’re worth – conduct market research into
the average salaries and salary range for the job you are
applying for. Be careful in your study as location, industry
and organisation type (i.e. public, private, not-for-profit)
can all vastly affect the pay even for the same position.
Before you go for the interview, have an expectation of the
salary you expect to be offered.
7. Set a minimum – Following on from the above advice, it’s
always important to know the lowest offer you would accept.
Negotiating in a weak job market is difficult and it can be
tempting to undersell yourself.
8. Understand the role - If you fully understand all the intricacies
of the job, you’ll better be able to match your skills and
experience with the role. Relate previous work examples
to the requirements, responsibilities and expectations of
the position to prove you are the strongest candidate.
Selling yourself, especially through linking previous work
examples to the details of the role, will put you in a much
stronger bargaining position when the time comes to
discuss remuneration.
9. Practice makes perfect - Practising your negotiation skills
with friends and family can help you feel more prepared when
the deal takes place for real.
Role playing the whole interview process can do wonders for
your confidence, particularly if you lack interview experience.
10. Summary - Armed with the knowledge of how to properly
negotiate your salary, you’ll be in a much more advantageous
position when the inevitable question arises; “So, what are
your salary expectations?” Be confident, know what you’re
worth and you’ll be sure to leave the negotiations with the
salary you asked for.