February 18, 2018 | Retail Career Search

Here are some salary negotiation tips that will come in handy for you:

Conduct extensive market research before your interview

In most scenarios, employers set their salaries depending on the average pay of other companies in their niche, average pay for experts in your field of interest, and the average pay for people with similar experience and education in your area of expertise. With this in mind, conduct market research detailing the highest and the lowest salary paid in your area of expertise. When you get to the interview room, state an average of the two or slightly higher.

Don’t bring up the money question first

Most candidates make the mistake of talking about money before the interviewer does. In many ways, this shows you are not focused on delivering on your job but the dollars. To start off on a good point, wait until the uestion is brought up then you can negotiate.

Negotiate performance pay options

Sometimes an employer may be willing to hire you but unable to meet your stated salary demands. In such a situation, negotiate a performance pay plan, for example, a performance-based performance. If the employer agrees, get the incentive agreements in writing before signing the contract.

Match your skills to the employer’s needs

Employers are looking to get value for their money. However, this does not mean that they are unwilling to pay more for greater competency. When asked why you think you are worth a certain amount, talk about your experience and competencies and how they will move the company to the next level.

Salary negotiation skills can be the difference between you and your dream job. In a nutshell, prepare well before the interview date and be confident while facing the panel.ur reputation.

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