Some businesses or companies have a fixed salary structure for all their staffs. This means they don't negotiate salaries with their new employees. They are paid according to their salary structure. In such a company, if you are not happy with your salary, you will simply reject the offer. However in some companies, this is not the case. There is no fixed salary structure for any employee. During your interview, the applicants are given the opportunity by their prospective employers to negotiate their salary with them. For many applicants who know how to negotiate salary, this is an opportunity for them to increase their monthly earning. But for inexperience applicants, they are likely to lose the opportunity and get less than what they should have gotten if they are to negotiate very well. In fact, the result of a research published in Journal of Organisational behavior showed that applicants that were not able to negotiate very well during their first job were likely to lose about $600,000 during their career active period. This is a lot of money to lose. This is why it is important for you to know how to negotiate very well during your initial job offer. There are some tips that you should apply to negotiate your salary. Here are some tips to help you in that regard.
Research on the minimum possible salary
Before you attend the interview, it is important that you find out what the minimum pr basic salary for the kind post your applied for is. There are various ways through which you can find this out. You may start by asking your friends or family members who are already in the labour market. They will provide you with reasonable information about the basic or minimum salary. You can also check the site of office in charge of labour and statistics in your area. You will be able to obtain reasonable information about the minimum salary for the job offer you applied for.
Try to impress your interviewer
Every employer is always on the look out for the best employee. Some will go far in getting the best to work for them. This is one of the reasons why they grant interview to their respective job applicants to find out the stuff they are made of. They are impressed with them, they will employ them. So, you have to sell yourself to your employer to make him pay or accept to pay heavily in order to hire your services. This means that you have to believe in your worth. If you don't believe in your worth, he will not believe in you and may not grant the price you are asking for. So, show him that you worth the price you are asking for.
Highlights the qualities and value you will bring to the company
During the interview, you have to highlights on the value your will deliver to the business or what the business will gain if they hire you. If you have worked in another place before, you have to let your employer know what you are able to achieve. If you are a starter, you may not have anything to show for your worth or achievement. In that case, you have highlights your work ethics and enthusiasm.
Demand for 10 percent above what your are offered
During the negotiation of the salary, you have to request for 10 percent above what you are offered by your employer. If he is impressed with you during the interview, he is likely to come up to what you are asking for or something above what he initially wanted to pay you. As a rule of the thumb, allow the would be employer to say what he would like to pay you first unless he or she insists that you say what you will like to go home with first.
It is most likely for your employer-to-be to refuse to accept your demand. But you don't have to give up easily. Try to back up your proposal with reasons and what the company will benefit if it invest in your. Make sure that you don't reveal your current income to your employer if you have been working otherwise you are giving him a more negotiating power.
Negotiate on other compensation
If the employer is blunt about his offer, you can accept that but ask for more on other compensations such as more pay for overtime, weekend bonuses and others.
With the above tips, you will be able to get a higher salary.