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Top 10 Tips for Salary Negotiations

Top 10 Tips for Salary Negotiations

Negotiating a better salary package has is not an easy task to complete. You should bear it in mind that we all go through the process of salary negotiation sooner or later. Here are top 10  tips you should follow when it’s your time to face such issue.

1. To learn to be persuasive.

It’s quite difficult to force your boss to promote your compensation. If you keep doing so, it could potentially damage your working relationship. You should concentrate on convincing your employer that it might benefit the organization to pay you more.

2. To go for high, and be realistic.

Based on a quite number of researches, it is found that there is a strong correlation between people’s aspirations and the results they achieve in negotiation. At the same time, you should intend  to propose ideas to which your employer could realistically agree.

3. To begin with the right tone.

You should intend to make your employer know that you would listen and make efforts to understand his views. At the same time, you expect your employer to do so in the same way, therefore you can work together to address this issue. Remember never to resort to ultimatums, threats and other coercive behavior.

4. To make your interests clear.

Besides your salary, your compensation should cover a range of needs. Before your negotiation, you should ensure that you have thought about other points of value to you as well. They include profit sharing, stock options that vest immediately, a bonus, greater work responsibilities, a quicker promotion schedule, increased vacation or flexible hours.

5. To anticipate your employer’s interests.

Just like you, your employer does have needs and concerns. In order to persuade him to accept your proposal, you should learn  to address those things that are of importance to your employer.

6. To create several options.

Joint brainstorming is thought to be the most efficient approach  to finding ideas that satisfy everyone’s interests. It plays to the most degree when you separate it from commitment — first create possible solutions, and then decide among them.

7. To concentrate on objective criteria.

It would be much easier to persuade someone to agree to your ideas if he understands how such ideas are firmly grounded on objective criteria, such as what similar firms pay people of like experience or what others in the company make.

8. To think through your alternatives.

In case you fail to persuade your employer to accept your proposal, you need to have a backup plan. Part of preparation is creating a specific action plan so you are aware about your further steps if you have to walk away from the table.

9. To prepare thoughtfully to accomplish your goals.

This is the only aspect of your negotiations you can entirely control. To take advantage of all of the above advice, you have to invest a significant amount of your time and energy.

10. To do more in learning.

The only way you can really enhance your capability of  negotiating is to explicitly learn from your experiences. After you finish negotiations, reflect on what you did that worked well and what you could do better next time.