How to Negotiate your Salary

Looking for a job is a strenuous task, it requires a lot of research, hard-work and patience. We consider many things before taking up a job, and we always make sure that we are not settling for less for salary. We always tend to take up jobs that are going help us grow, that would strengthen our assets. It is a process of providing what we are best known for in return for monetary compensations. Money, is an essential material value and everyone needs to possess it in order to survive. We offer different services to earn money, therefore, it is essential to calculate that we are getting paid enough or fair for work we are offering.

No one wants to get exploited; therefore, it is necessary to analyze your strengths and weaknesses properly. On top of it, it becomes mandatory to be aware of the value of the work you’re offering. Our supervisors and employers are the ones who hire us, and we are expected to show professional decorum in front of them by obeying them. That doesn’t imply that we must silently suffer and must not put forward our grievances. Work environment, is a very professional environment- so, we must know how to present our grievances or needs to our employers formally.

We are here to guide you how to negotiate your salary, it is a very important aspect why we choose to work in today’s world. Our salary is very important to us as it is our hard-earned money, that’s why, we must always make sure that we are getting paid for what we deserve.

Calculate your value-

As we mentioned before, it is essential to know your value. Always be aware of the fact what your skills are worth for, analyze how important your role is in your work and how it brings profit to your team. By doing that, you will know yourself better- you would be able to analyze your strengths and weaknesses. This process will allow you to identity the factors that influences one’s salary. First and foremost, it is essential to consider your geographic location- different locations have different growth and demands- always keep this in mind, that geographic location influences your salary in a major way. Note down your specialty, doing this will allow you to market yourself better and also allow let you identify your focus area and worth.

You will be paid based on your specialty; therefore, it is very important to know the value of your specialty. Always calculate your years of experience; the more your experience is, the more your value and demand increases. This is the reason why we start putting emphasis on internships since a very young-age, because it allows us to gain experiences on specific fields of our interests. No company wants to work with an amateur; if you’re well-known and experienced in what you do, the chances of you getting hired increases. Therefore, experience also increase your potential. Your educational achievements and certifications play a vital role in increasing your value, these qualifications are paid special attention by companies. Therefore, always be able to restate your value to your employers keeping the above analysis in mind, and then justify your desired salary to them.

Do your homework-

You do not want to sound confused while bringing your demand to your leaders, that would be the last thing you want. You want to look confident and stern with your request, and it is why, you must prepare before putting your request.

Your supervisors may need answers to a few questions, and you must be able to convince them with your answers. You would have to the reasons you deserve a paise in your salary, so, start noting down your achievements because you don’t want to miss out on them. Also, note down the roles you’ve made and revenues you’ve achieved. Please, use actual figures and try to not exaggerate your achievements.

Furthermore, you must do some research before putting across your demands. You need to know a few important and necessary things about your job and average salary it offers. Having this data can support you to have a better argument, this will also offer an impressive foundation for you request. So, it is important to have a good grasp over these justifications. Know the national average salary for your job in your geographic location and nearby cities, and the demand of your specialized skill in different companies.

Ask for More-

The vital rule of salary negotiation is to give your employer a higher figure than your actual preference. This is done just to be on a safe side. This way, even if your employers turn down your request, you might end up with your desired figure. This is one of the most fundamental process of negotiating, you have to play smart and keep the lowest number an amount you still feel fair. Don’t forget to be firm and confident while negotiating.