{"id":171,"date":"2015-08-12T13:34:49","date_gmt":"2015-08-12T13:34:49","guid":{"rendered":"http:\/\/www.mantras2success.com\/?p=171"},"modified":"2015-08-12T13:34:49","modified_gmt":"2015-08-12T13:34:49","slug":"4-key-essentials-for-wining-a-salary-negotiation","status":"publish","type":"post","link":"https:\/\/www.mantras2success.com\/2015\/08\/12\/4-key-essentials-for-wining-a-salary-negotiation\/","title":{"rendered":"4 Key Essentials for Wining a Salary Negotiation!"},"content":{"rendered":"

Settling on a low salary can have worse consequences than you think! Firstly, you will be paid less, on top of that your raise (which is usually a percentage) would be on that lesser pay. While getting the offer a lesser than expected pay would not pinch you much, but it won\u2019t be long before it would start unsettling you till you finally start to hate your job and\/or employer simply because you\u2019d feel that it\u2019s not worth it! No matter how much you love our profile, work environment, ultimately money is the biggest motivation for all of us, at-least for most of us. Read on the article further to get first hand advice on how to negotiate on your salary\u2026<\/p>\n

1. Actively Prepare!\"diary-582976__180\"<\/strong>
\nWe prepare our resumes, we prepare for the preliminary interviews, phone interviews, group discussions, case preparations, personal interviews and what not? But how many of us actually prepare for salary negotiations? Here are few things you need to do:
\n– Know your market value \u2013 Refer salary.com, payscale.com, glassdoor etc.
\n– Think of 10 strongest points in your profile that would be significant for the employer. What are you bringing to the table? \u2013 Summarized in 10-12 statements & well-rehearsed.
\n– Know your current salary structure very well \u2013 Both the pros and cons.
\n– Highlight all the latest training and skills that you have attained.
\n– Make them realize how you can contribute to the organization apart from your core responsibilities. For e.g. – Event planning, NGO work, Employee welfare and safety initiatives.<\/p>\n

2. Timing of Negotiation<\/strong><\/p>\n

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\nThere could be various encounters where you would be asked your expected CTC. Handle those situations very sharply and don\u2019t reveal it. The earlier you start discussing your salary during your application process, the more you are at a loss. Wait till the recruiters have finally selected you as a potential candidate. Complete all the interview rounds.
\nOnce that happens, you have the upper hand for negotiation. They will be surely ready to negotiate instead of straight away turning down the offer. After all, even they have invested their time, money and other resources in conducting multi-stage interviews.<\/p>\n

3. Basis of Negotiation\"conference-room-857994__180\"<\/strong>
\nThe basis of your negotiation should be the value you would bring to the employer. Most of the recruiters just add the industry hike percentage on your past CTC. But what if you were underpaid by your previous employer? Don\u2019t let that carry on to your next job as well.
\nSometimes the employers bring the cost of living of the concerned city into discussions. They might also start talking about your expenses and savings need. Don\u2019t let the discussion go there. You are being paid to work so you must also be paid based on your work and not a thing else!<\/p>\n

4. Be Assertive<\/strong><\/p>\n

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\nLet\u2019s consider you were able to deliver whatever you had prepared for salary negotiation (Point 1). If you are demanding in line with your market value, then be extremely confident about it. You must always keep the conversation on a positive note.
\nAlso don\u2019t be too afraid if they turn the offer down. You know that you are capable hence they have selected you. Also, if need be, be prepared to politely say \u2018No\u2019 to the offer if they do not consider revising your salary even half way close to your expected revision. Let them think for a day or two. If you have followed the above four tactics they will definitely honor the revision.<\/p>\n

inform your friends about this information<\/h3>