Australian job search
Seven Basic Salary Negotiation Tips
Money is the most sensitive issue in the whole hiring process. Discussing the compensation often causes anxiety on both employee and employer. Here are seven ways to make the process of salary negotiating efficient.
1) Research: Before the interview process begins, contact the professional organization that represents your field of career. As soon as they provide you with your salary information, you can now examine your monthly cash requirements. Remember that once your taxes are added to your paycheck, approximately 30% of your gross monthly salary is deducted.
2) Determine your skills: You should understand that different segments of the economy require a variety of skills depending on the industry setting. Once you have established what your skills are and what they are worth to the current employment market, you would know the limitations of your negotiation.
Salary range information is available at American Almanac of Jobs and Salaries, National Association of College and Employers, Career Center, and professionals in your related field.
In stating your salary range, avoid basing your desired salary on your current salary. Always tell the truth when it comes to your past salary. It is acceptable to extend a range to approximately $6,000 to show that you are within the company’s price range but interested in more compensation.
3) Weigh the company’s compensation package: To determine your fair market value for a specific job, you should consider the economic, geographic, and industry factors of the job offer. Weigh the benefits of compensation and promotions, insurance, allowed time off and retirement settlements of the offer to ensure a fair proposed salary.
4) Sell yourself: If you know what you could offer the company requires a larger income, never say it directly. Once you sell yourself discreetly, the interviewer would understand that the proposed salary is not appropriate for your background.
5) Have a positive attitude: In negotiating, never compete. Negotiation is basically a process which could benefit both parties. Understand your needs and those of the company.
6) The final offer: Be aware when the negotiation is done. Pushing further when a deal has been set could give a negative first impression on your part.
7) Show what you are made of: The interview is only the first step in having an enhanced compensation. Once you are hired, offer your skills to the company and prove your worth by doing quality work. You may even get a promotion for doing so.
Based from a survey conducted by the Society for Human Resource Management, four out of five employees are willing to negotiate compensation. Understanding these basic tips will allow you to enhance the terms of your new job.
Please let me know if I met my goal and helped you out with australian job search. If you need more information, you may find our job search tips info to be helpful too.
Comments
None Yet
Add a Comment
Orlando Sentinel, FL - Jan 6, 2009
What are the best tips you know about looking for a job (and finding one)? Or what questions do you have about your job search? ...
How to mess up a phone interview - Examiner.com
Examiner.com
Examiner.com - 12 hours ago
by Melanie Szlucha, Job Search Examiner Considering that the only thing an interviewer has to go on during a phone interview is listening to the sound of ...
What NOT to do in an interview: think you can fake it Examiner.com
What NOT to do in an interview: walk in empty-handed Examiner.com
all 3 news articles
Business Brief: Job Hunting in the Web 2.0 World (New Media Knowledge)
The way applicants apply for jobs is changing fast as Web-based content replaces the traditional paper CV. New Media Knowledge spoke to an online recruiter looking to make the job search and hiring process far more intuitive using Web 2.0 tools.