Salary Negotiation is a very vital part of the recruitment process. Here are some useful salary negotiation tips to help you bargain optimum salary for yourself.
It is important that you have an idea about your worth. You may have a rough idea about your worth based on the anecdotal information what people like you are paid, but for better salary negotiation you need to do an objective assessment of yourself. Make a list of the skills required for the job. Compare it with the skill you have. Add any extra skill that you think you have and would help you in performing the job better. This will give you an objective idea about your worth and you can negotiate accordingly.
Don't ask about salary. Let employers make a first offer. It would be inappropriate to push off any actual salary talk until after you have secured the position. Once you employer elicits interest in employing you, it will be much easier to negotiate since you know that the company wants you on board.
Show your experience and expertise. Put your past experiences on the table and let the employer see exactly why you are fit for the position. Hands-on experience is a very efficient salary-negotiating tool.
Look at the whole package subjectively. Some companies have their hands tied when it comes to salary, but may have a number of other perks / benefits that will raise your overall remuneration to a figure that meets your expectations. For example you may get a company car, free accommodation, or the opportunity for flexible working or working from home.
Strive towards a win-win scenario. Squeezing every last penny out of your future employer is not a good idea. As you will most likely be working with the person you are negotiating your salary with, it is important to maintain cordial relations. Be prepared to compromise and settle for a middle path. If you ask for six benefits and the company comes back with two, settle for three or four.
Know your minimum expected salary. Figure out beforehand how low you will go. Sometimes no amount of negotiation will get you what you want. If it does not meet your needs, it is time to stop rather than end up with the wrong deal.