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Asking about salary requirements in job applications and interviews is always awkward and difficult. I am afraid to ask for too much and worry that I will be rejected because of the number. On the one hand, I don’t want to sell myself short.
Do not enter an overly inflated number as it can be counterproductive. A good rule of thumb is to ask about 20% more than you want, and there is plenty of room to negotiate.
Be prepared with data and evidence to support your salary requirements. Throughout the hiring process, you should market yourself and remind interviewers of your outstanding attributes, skills, education and relevant experience, making you the perfect candidate for the role.
Negotiating and counter-proposing is an acceptable practice. If you don’t get the compensation you want, you can ask for extended vacation, remote work, stock options, or a better company name. Avoid taking anything personally and put your feelings aside.
Do your due diligence to know your worth
First, you should research how much your employees are being paid for your particular role. I want to have data and evidence to support my salary requirements. Talk to your co-workers and former co-workers and diplomatically ask them what their salary will be when they change jobs. Money is a sensitive matter and should be handled with care.
A subtle way to ask about rewards is to say: I heard that you recently accepted a new job. I don’t know the amount you received, but I am interested in the amount you were offered during the interview. ” The person may offer a range or directly share the amount paid when changing jobs.
Many states now require job descriptions to include salary ranges. Now that we know the range, we can lock our numbers to the high end of the salary range. Even if you know your salary will be significantly higher than you’re willing to accept, you still have room to negotiate. The caveat is that salary disclosures in job descriptions can be ridiculously extensive, and sticking to an unreasonably high salary can backfire on you later.
Explore niche job-specific platforms and aggregators such as LinkedIn job sites, corporate career websites, Indeed, Simply Hired, Payscale, Salary.com, and Glassdoor. Combine information gleaned from colleagues, former colleagues, and job postings to understand the market in your field.
Figure out how much to ask for
Being asked to submit salary requirements puts you at an unfair competitive disadvantage. You’ve done your homework to find out how people in similar positions are being paid, but there’s a lot you don’t know about the company you’re interviewing for. All you really have is a job description, and maybe the recruiter has given you some insight.
Before the interview begins, you know very little about what’s going on with recruiters, HR people, and companies. Managers can be toxic micro-managers, and if they had known this, they might not have bothered to apply or ask for significantly higher salaries. It is unfair to be ordered to provide salary requirements first without any context, but it is part of the process and must be done.
A smart negotiating strategy is to offer a wide salary range rather than a fixed salary amount. This can be very helpful in better negotiating terms after the interview is over. If you provide only one number, you are locked into that number and bound to that amount at the time of your offer. Specifying a salary range creates room for negotiation. Your top salary should be at least 20% higher than you think you can get. The rationale is that when negotiating a reward, the other party will lower your demands by about 10% and give you a higher number in favor of you. The numbers below the spectrum should be reasonably larger than the numbers you want to receive. If you give a lower amount, the company will be pegged at that number.
justify salary requirements
You need to prove why you deserve the salary you want. Lean into the elevator pitch and showcase your experience, talents, education and accomplishments. Tie your pitch to the requirements of the job description. The goal is to show that you are a good fit for the role and therefore worthy of the reward. Additionally, you can share a few testimonials from your manager, colleagues, and people you’ve worked with on projects.
Stay calm and collected when discussing compensation with HR and recruiters. Be honest and speak with confidence. Act as if the transaction has already been completed.
Salary is only part of the equation
Different companies negotiate differently. A company might say that he only makes one offer that he thinks is right and does not haggle or negotiate. During tough times, companies may offer lower offers to test how desperate you are.
Don’t get upset if the company denies your request. Prioritize what’s important and don’t take anything personally. Pause for a moment to calm yourself down and let the other person know that you are willing to negotiate. Ask about higher company titles, stock options, 401(k) plans, vacations, paid time off, health benefits, and flexible working options like remote and work from home to help you transition to another job. hybrid model. You can also request a review after 3 months. If you exceed expectations and hit all your goals, it could be a deal with a higher salary.
If your payroll request was made by email
Making an offer orally is standard procedure for most companies. If the candidate accepts the offer, the company will prepare a formal offer letter and email it to the applicant for review and signature.
If your HR representative emails you an offer directly, carefully review the letter and any attachments. If all the information is correct, the salary is what you want, and all benefits, equity entitlements, time off and paid time off are correct, you can sign the letter of offer. If you have any questions or concerns, please email us back or request an in-person meeting or video call to discuss any necessary changes to your contract.
When returning the signed contract, please add a personal note thanking all those who contributed to the recruitment process. Tell them that you are very excited about this opportunity and that you are looking forward to joining them. To show your motivation, ask the hiring manager if there’s anything they can do to help you get off to a good start.
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