Statistics state that only 38 percent of young individuals who are offered positions in various organizations do not negotiate their salaries. Employers will rarely volunteer to offer you higher wages unless you have the will to be your advocate. Remember that you will not be making a mistake by asking for better pay. If you are unsure whether to have this conversation or not, the tips listed below will help you get to the top of the game when bargaining for salaries.
1. Allow salary to come up naturally
After being offered a position, allow the hirer to throw out a number first. When told to mention your salary history, deflect the question if you can. The goal is to let the interviewer specify the ideal range first. That way, you will be in a better position to start negotiating.
2. Do not accept any offer instantly
I know you will feel the urge to take the offer immediately, especially when it seems reasonable. Ask for time to review it. The time frame should be reasonable, let’s say 24 hours to a week. Consider the employer’s urgency to fill up the position when giving the time frame.
3. Evaluate the entire package
Although the wage amount is essential, it is not the sole crucial factor when considering the compensation package. Weight the basic wage against the other benefits such as house and health allowances. That way, you have a clear picture of what you will receive.
4. Determine the job’s worth
Talk to a local recruiter or a person with vast experience in your field so that you know the rates for similar roles. One can also research the pay ranges as per the industry, geographic position, position, employment level, and company. You may use several resources such as the bureau of labor statistics, the internet, and employment sites.