01 Jul 11 Tips for Salary Negotiation at Interview

Salary negotiation is an important part of any final job interview, from both the interviewer and interviewee’s point of view. Salary has to be negotiated in such a way, that both the parties remain benefited. But often poor negotiation skill of the interviewee can spoil the entire process and result into unsatisfactory output. Don’t let your poor negotiation spoil your future. Here are some tips for you.

Don’t rush towards the negotiation process

Undoubtedly salary is one of the main pulling factors behind job switching. Being tempted by better salary we often change jobs. And that’s a common interest for both you and the interviewer; since the interviewer has to pay you. That’s an obvious question which may crop up at any part of the interview process. But don’t rush towards the salary discussion. When asked you may quote your expected salary or say it can be worked out later.

Know your value first

To ask for a reasonable salary, first you need to find your own market value. Judge your value in terms of logical perception of your knowledge, experience, skills and expertise, achievements, training, brand association and educational qualification.

Organization’s pay structure

Some organizations may have their own pay structure as per the candidates’ educational levels. Defined salary structures are at times made flexible, depending on candidate’s exclusive skills or extra-ordinary caliber.  Know these pay structures before negotiating salary.

Exclusive position

In case your job position is quite unique and exclusive or you are the only one who could get through the interview process you can call for a premium amount of salary. As for example, if the concerned company keeps only one brand manager and you have been selected as the one, you can ask for a good salary package.

Industry rate
Know the industry rate first. Know how much other companies in the same industry are paying to its employees, at similar level like you. Knowing the industry rate will help you in the negotiation process to put forth a logical demand of salary.

Put your greed aside

Don’t get too greedy about money. A good company can’t be missed out for a few extra bucks. If everything is fine and you decide to join, don’t let the greed come in between. If you are getting a decent package, join it. Later on with time as you build good rapport and prove your skills salary hike won’t be a problem for you. Consider the entire package, not just winning negotiation. Too tall demand of yours may make the interviewer find you unreasonable or money minded. So be fair, gentle and not too pushy.

Let a good negotiation bring you good luck and the dream job.

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