How to negotiate your salary for any job - Deepstash
How to negotiate your salary for any job

How to negotiate your salary for any job

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How to negotiate your salary for any job

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Negotiating a salary in the interview process

Salary negotiation is an important part of the interview process. You risk losing if you don't ask for more.

Even if you don't think you have leverage, you should still negotiate.

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It can be nerve-racking to negotiate your salary if you’re a recent graduate or someone who wants to change careers.

It's common practice for companies to lowball initial offers because they expect jobseekers to negotiate. Not negotiating your starting salary can set you back more than $500,000 by the time you reach 60.

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Steps to put yourself in a strong position

  • Talk to members of professional associations of your target industry. Use Glassdoor and Google to find the market value of your position.
  • Take a deep dive into the specifics of the position to reveal a range of leveraging options.
  • Use the STAR method to highlight your experience - situation or task, action, and result. Describe the situation, the action you took and the result.
  • Show your knowledge of industry trends if you lack experience in the industry.
  • Identify possible biases ahead of time and find a way around them, including inexperience.
  • Do a practice run in low-stake situations.

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  • You break the silence too soon. Employers use silence as a negotiating tool. Instead of backpedalling, use the silence in your favour.
  • You ask for a salary that reflects your lifestyle, not facts. Most employers work within salary guidelines set by the company for entry-level positions, not by your lifestyle expenses.
  • You accept a low salary without negotiating.  if you do that, you’ll likely be underpaid as long as you stay at that company. 
  • You think of salary negotiation as a take-it-or-leave-it scenario. You could ask for a review and salary adjustment based on your performance.

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Essentials in any salary negotiation

Salary negotiation is a conversation, not a battle. Here are a few tricks to keep in mind.

  • Never accept a verbal offer. Ask for an opportunity to review everything in writing.
  • Do your research on pay parity.
  • Figure out what you need to be successful–and ask for it. Get as much information as you can about the role you’re up for. If you can understand what you’ll be doing upfront, you’ll be able to negotiate different things.
  • Get creative with benefits. Many companies have flexed out their compensation packages to get the best employees.

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