Nowadays private Sector Employment has risen reasonably to attract skilled and professional job seeker. There is a basic difference between Private Job and a Government Job in India and that is the ability to negotiate salary. In a private job, one has the opportunity to negotiate the salary. However, before we head directly to the Salary Negotiation, we need to understand a few basic details about job offers. The negotiation of salary is generally the second to do in the list of a job seeker, the primary being the research of the job. A person should first do research on the job that has been offered, the skills required and of course the worth of it. Once, done and the job offer has landed, the salary negotiations can begin. Here is how to negotiate salary.
Salary negotiation is a part of discussing the potential job opportunity with an employer. There are different perks and incentives along with the salary offered to a candidate after he/she has been chosen for the role. This is the time when a candidate negotiates with the employer regarding the perks, benefits, incentives or salary to get what he or she deserves with the particular skill sets. There are some important salary negotiation tips that should be considered when you come across such a situation.
Never rush to the compensation details or the negotiation. Too much of desperation leads to despair. Here, one must wait for the opportune time to strike the conversation about the negotiation. The employer generally let you know about the package and the benefits at first. One must realize that a conversation on negotiation must not begin until the details are revealed to the candidate.
You might be asked to give your expectations. However, never rush to comment on that. It is always better to ask about the roles, responsibilities and the expectations from the employer before making any comment.
You should always speak to the employer in term of ranges when negotiating salaries. The salary range should always be within the Minimum and Maximum slab. However, the minimum slab should always be the maximum you seek for that job opportunity. When the Employer comes back to you with the negotiation, you can pick from the Minimum slab.
Time is very important for every candidate when it comes to salary negotiations. If you do need time to think or ponder about the salary, then you can take your time. You can always consider taking some time to consider the negotiation.
Saying “No” is always part of the negotiation. There is no doubt that after thoughtful consideration, if you believe, that the job is not worthy, then you can very well decline the offer. There is no point in grabbing a job that you don’t have an interest in. It is better to say no rather than have a bad experience.
The negotiation is never limited to salary components, it can always extend to benefits, perks, incentives and other components.
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