Never underestimate the importance of negotiating
salary in an interview. Employers tend to prefer those
candidates who already earn a greater income. While
these candidates cost more to employ, their higher
incoming salaries are assumed to reflect greater competence,
initiative and achievement. So it's in your interest
to pursue income increases at every legitimate opportunity.
It starts before going for the interview. A crucial
part of your research is the salary range for the
position you are applying, of course with your background
and experience. Have a salary range in mind and be
prepared to discuss these figures once salary negotiation
has come up.
Never discuss salary until you have a job
offer
If you do, you could price yourself out of a job before
the employer is convinced they need you. If pressed
by the interviewers, tell them you’re flexible
and would be happy to discuss salary when you learn
more about the job.
Get the employer to disclose salary before
you do.
Don't be the first to mention salary during the interview.
Let the employer bring it up as many times as necessary
until you feel ready.
Know your absolute bottom line.
Be clear on what is your minimum salary expectation.
Decide before you go in for the interview, what salary
you want to earn, what you need to live on, and what
you will be willing to settle for.
Market yourself.
Emphasize the reasons you should get the offer. Document
your skills and accomplishments, and be prepared to
talk about them. Its about selling your skills and
ability at the best possible rate.
When questioned about desired salary…
The best response is one that returns the employer's
ball back into his court: You can say, “what
kind of salary range are you working with?”
or “Well, I’d like to make as much as
other employees with my qualifications.” or
“What is a typical salary for this position?”
Another strategy is to avoid a specific salary and
put forward a pay range instead.
Don’t forget the value of benefits
and perks when negotiating a salary.
Sometimes the salary offered may seem low, low enough
for you to turn down the job. But the benefits and
perks can add up to 40 percent to your basic salary.
Some benefits are fixed, but others are negotiable
such as stock options, bonuses, employee discounts,
training, holiday time and sick leave.
Do not disclose past salary.
Once your past salary is on the table, your negotiating
edge goes out the window. By not disclosing exactly
what your current salary is or exactly what it would
take to get you to leave your current job, you’ll
force a potential employer to make its best offer.
Make your salary discussion a friendly experience.
Be amicable when discussing salary. You should make
the employer feel that you are on the same side and
working together to find a package that would satisfy
everyone's needs.
Don't say yes to an offer right away.
Be enthusiastic and appreciative when you get the
job offer, but ask for at least 24 hours to respond.
This gives you time to get over your initial joy at
being selected. If you feel the salary is insufficient,
express your concern to the employer when asking for
time to consider the offer. You'll find out right
away whether the salary quoted is set in stone or
is flexible.
Declining an offer.
If you decide not to accept the offer, make sure you
leave on the best of terms. Treat every offer seriously
and graciously. You can never tell who you may be
doing business with in the future so don’t burn
any bridges.