Tips for the Students to Learn About Salary Negotiation

21 Dec 2016 4052

Salary negotiation is mandatory to learn before you embark on your professional journey. Students are often advised by their seniors and professors on this matter during the sessions before the placement season starts. In this blog, we have discussed such tricks that would help you in the long run.

Here are some of the tips that can prove beneficial during salary negotiation. Take a read through them:

Never make the first move

Let the employers ask you about the salary prospects and wait for your turn as you can go wrong at this most of the times. Break the ice with the employer first and then start with the salary talk instead of directly channelising your talk on that matter, as then it would be easy for the company to hold you for that position.

Discuss your experiences and the professional know-how

Let the employer know about your professional experience and the skills you have acquired over time that make you best suited for the position you have applied for. Tell the employer about the things that you have done at your previous workplace and how you have shown growth from that experience. Discuss how have you handled certain situations and challenges during the work period.

Show interest in the job you have applied for

Your employer wants to know about your passion and genuine interest in the job that has been offered to you. Although, you should give a hint to your interviewer that the only thing that is stopping you is the compensation being provided and nothing else. Be casual while striking a conversation and try to make it sound smooth and easy going.

Discuss your accomplishments

If it is not the first time that you are getting hired, then talk about the accolades that you have got at the past workplace. Moreover, do not hold yourself back from telling how productive you have been in the previous work tasks that were allotted to you.

Never discuss your personal life with the employer

Salary majorly depends on a company’s budget and more than that your capability to getting the tasks done. So make sure you never mix your personal life with the professional one as this can ultimately lead to a major job rejection.

Understand Benchmarking

Nobody wants to waste their time on a company that is never going to pay them what they’re worth. Thus, for this, you need to search the companies accordingly and prioritise them on the basis of which one will suit you the best and will fulfil your requirements.

Negotiate Performance Pay

It is normal for an employer who really wants to hire you and has limited resources to make excuses by saying that the company can't afford you at the present moment. If you like the job, discuss the incentives such performance-based bonus with your employer and the procedure behind it.

Hope you got an insight about salary negotiation from this blog. Have a nice day!

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