Engaging in Salary Negotiations

With any new job there is surely a lot on your mind. You have to become familiar with a new environment, new people, and new responsibilities. However, before you get too busy thinking about all of those changes, you need to focus on salary negotiations. The way that you complete your salary negotiations will impact the rest of your career at that company. Sure, you can negotiate salary increases down the line, but the base amount you agree to sets the bar for every increase because most raises are computed using a percentage of that base amount.

Luckily, at PaydayLoansCashAdvance, we understand how important your salary negotiations can be so we want to help you. You can use these eight salary negotiation tips to get the salary that you deserve.

Stay Calm: First off, it is very important that you stay calm when you are engaging in salary negotiations. You need to be able to think clearly so that you can negotiate to the best of your ability. Even though you are very excited about the new job, don’t let that make you accept the first offer that is given to you. You have valuable skills that you are bringing to the table and you deserve to be paid for them. It may help to remember that your employer probably participates in salary negotiations on a regular basis. To you, this is a very nerve-wracking experience, but to them it is something they encounter every day.

Do Not Mention the Salary Unless Asked: If you are still in the interview process, it is very important that you do not bring up the salary unless you are asked. You want them to be sold on you first. If they are invested in you and excited for you to work for them, you will have a better chance getting a higher salary. If you are asked about a desired salary, tread lightly. Some employers ask this right off the bat because if you are asking for more than they are willing to pay they do not want to waste anybody’s time. For this reason, you do not want to give a specific number because you might eliminate your chances before you even get a shot to prove how worthy you are of the pay you seek. Instead, offer them a range of what you expect based on an understanding of the job requirements.

Get the Employer to Say a Number First: One of the biggest mistakes you can make during salary negotiations is to offer up your desired salary before the employer makes you an offer. You may totally low-ball what your employer was going to offer you. However, no company is going to pay you more than they need to. Always let them make the first move, and then you can counter if it is too low. It never hurts to ask for more because the worst they can say is no. If you don’t ask you will never know if you are really getting the full amount possible.

Do Research: When you are trying to negotiate salary increases, it is important that you have facts and figures to back up why you are asking for what you are. You should understand your job duties and have statistics showing what the average amount people with those responsibilities make. You also want to keep in mind what experience and education you have. If you are relocating for the job, it may be beneficial to have a cost of living analysis prepared if you are going to need more money to live where you are moving to. If you ask for a salary that is too far out of the ballpark, you will look uneducated and greedy and possibly even put a sour taste in your employer’s mouth.

Negotiate Other Benefits: Sometimes your employer really cannot give you the salary you are asking for. If it is based on budget instead of your performance and/or qualifications, try to get them to throw in some additional benefits instead. Maybe they can give you some extra paid vacation, stock options, or even tuition reimbursement. If you are worthy, there should be something they will be able to offer you.

Get the Offer in Writing: Once you have completed your salary negotiations, get the offer in writing. You do not want to risk any possibility of your offer getting denied once you actually start working. Once you do have the offer in writing, it is smart to take it home and think about it for at least a day. Take this time to make sure that the money offered is enough for you to live on and that it demonstrates your value.

Ask For Help: Once you have been on the job for a while you may want to ask for a raise. Be prepared to tell your employer exactly what you have done for the company since you started and why you are worth more money. If you get denied, as much as it may hurt, ask your boss to sit down with you and give you pointers on what you can improve on. He will likely remember this fortitude the next time you want more money.

Be Confident: Finally, you need to stay confident during salary negotiations. You were hired for a reason. You have valuable skills that the employer is looking for. You are helping them fill a need. Don’t sell yourself short because you are worth every penny that they pay you. And remember, the worst thing that can happen is that they say no.

As you can see by these simple salary negotiation tips, it is pretty easy to get the salary you deserve if you stay calm, let your employer make the first move, and remember that you are a valuable asset to them and you deserve to be paid as such. When you get your paycheck every week you will be very thankful you took your salary negotiations seriously.

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