Seven Basic Salary Negotiation Tips

Seven Basic Salary Negotiation TipsMoney is the most sensitive issue in the wholehiring process. Discussing the compensationoften causes anxiety on both employee andemployer. Here are seven ways to make the processof salary negotiating efficient.1) Research: Before the interview processbegins, contact the professional organizationthat represents your field of career. As soon asthey provide you with your salary information,you can now examine your monthly cash

requirements. Remember that once your taxes areadded to your paycheck, approximately 30% of yourgross monthly salary is deducted.2) Determine your skills: You should understandthat different segments of the economy require avariety of skills depending on the industrysetting. Once you have established what yourskills are and what they are worth to the currentemployment market, you would know the limitationsof your negotiation.Salary range information is available at AmericanAlmanac of Jobs and Salaries, NationalAssociation of College and Employers, CareerCenter, and professionals in your related field.In stating your salary range, avoid basing yourdesired salary on your current salary. Alwaystell the truth when it comes to your past salary.It is acceptable to extend a range toapproximately $6,000 to show that you are within

the company 抯 price range but interested in morecompensation.3) Weigh the company 抯 compensation package: Todetermine your fair market value for a specificjob, you should consider the economic, geographic,and industry factors of the job offer. Weigh thebenefits of compensation and promotions,insurance, allowed time off and retirementsettlements of the offer to ensure a fair proposedsalary.4) Sell yourself: If you know what you could offerthe company requires a larger income, never sayit directly. Once you sell yourself discreetly,the interviewer would understand that theproposed salary is not appropriate for yourbackground.5) Have a positive attitude: In negotiating,never compete. Negotiation is basically a processwhich could benefit both parties. Understand your

needs and those of the company.6) The final offer: Be aware when the negotiationis done. Pushing further when a deal has been setcould give a negative first impression on yourpart.7) Show what you are made of: The interview is onlythe first step in having an enhanced compensation.Once you are hired, offer your skills to thecompany and prove your worth by doing quality work.You may even get a promotion for doing so.Based from a survey conducted by the Society forHuman Resource Management, four out of fiveemployees are willing to negotiate compensation.Understanding these basic tips will allow you toenhance the terms of your new job.