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How to Negotiate Your Salary?

Don't allow yourself to get exploited or leave money on the table.

By OphionzeroPublished 24 days ago 3 min read
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Talking about money with a prospective employer can be tough. "Am I asking for too little?" Or "Am I asking for too much!?" "I don't want to scare them, but I also don't want to be exploited." Navigating this uncomfortable but necessary process can be stressful, but it doesn't have to be. Read below for the 5 simple rules for negotiating your salary.

Rule number 1: Know the current market rate for your services. Do your research and look into websites like Glassdoor and Indeed and study the salary ranges for similar positions. There is a salary feature on Indeed and Glassdoor that informs you what the salary range is for the market and what range the company is paying its employees. It is easy to compare whether a company is paying under, over, or at market rate for any given position, (in my opinion Glassdoor numbers are more accurate). 

Also, if possible talk to well-trusted friends and colleagues what they believe the market salary range is.

Rule number 2: When asked what your salary requirements are never give your number first. Never, and I mean never, give your salary number first. Employers routinely take advantage of would-be employees by lowballing them, so don't help them by lowballing yourself. This is a game being played, so let them communicate what the monetary value of the position is first. If it is way too low then this position is not for you, if it is higher than yours, then great! 

When posed with the question "What are your salary requirements", simply respond "At this time I wish not to discuss salary until I get more details on the position, or later in the process." Then immediately follow that up with a prepared question about the position.

Rule number 3: Never accept the first offer! Go over the complete package, and provide feedback on the salary and any issues with respect to benefits, etc. Remember that the first offer is always expected to be negotiated, hopefully, it is within range of your acceptable salary requirement. Ask for at least 10 to 20 percent more and settle for somewhere in the middle.

Rule number 4: Consider the overall perks and benefits. Often times the final offer number could be lower than what you would like. The perks and benefits can more than make up for a less-than-desired salary. Perks such as schedule flexibility, free memberships, work-from-home, career advancement opportunities, and a low-stressed environment can contribute to a great work-life balance that should be considered.

Rule number 5: Get it in writing! Anything agreed must be memorialized, this is for your benefit. It is common for employers to conveniently forget or not uphold verbal agreements. It is way easier for you the employee to refer to a signed contract to force the employer to hold their part of the deal. 

Lastly: Good luck, and make the most out of this experience, pat yourself on the back for getting this far. Remember you are in the driver's seat and have much more power than you think. If the deal stinks and there is no room for negotiating then politely decline the offer and simply walk away, and on to the next opportunity. If you think you need help developing or strengthening your negotiating skills I suggest that you read the book, The Art of Negotiation by Tim Castle. It is a helpful easy-to-read book on the topic.

Affiliate Disclaimer: This article may include affiliate links. This means that if you click a link and make a purchase I will receive a small commission at no cost to you, thank you!

ScienceHumanity
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About the Creator

Ophionzero

I am an autodidactic individual who has many interests. My interests span music, cars, anime, cinema, and people, especially people. Follow me on Vocal for thought provoking and sometimes entertaining articles.

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