Are you one of those who hesitate to ask for more money or negotiate on the salary package offered by the company? Probably, you wouldn’t want to lose the opportunity altogether if you begin to negotiate the salary.
However, if you feel that the pay does not align with your experience or skill set, you may choose to negotiate. Negotiation is one such valuable skill that can improve your chances of getting fairly compensated and better work opportunities.
Let’s get started with some tips:
1. Calculate your market value based on:
- Years of experience
- Education
- Skills
- Certifications and License
- Location
Using the above factors, you can justify why a higher salary package is suitable for you.
2. Make some negotiation notes
You can make a list of questions so you can answer them with confidence with valid reasoning to the employer. Your answers can include the following details:
- Let them give you the number and then negotiate
- High demand for skills that you possess in the industry
- You have more years of experience that the employer’s requirement
- Actual revenue you helped the previous company generate, or goals you have helped them to reach
3. Research the market industry
If you know the market average for the position you are applying for, you can use that as a justification.
Begin your market research by finding answers to the following pointers:
- Average of the geographic location and cities
- The average salary of the desired position
- Package similar companies offering for your desired position
4. Share what expenses you are incurring
You can share the expenses you have to deal with the employer. For instance, if the new job is in a different city, you will have to bear the moving expenses along with the living expenses. Further, there will be commute expenses.
You can address your problems to the employer and justify that your ask is reasonable for the position to make yourself financially stable in the new city.