DO your homework and review: Most people has nothing to say when they are questioned about their salary expectations. It’s better to do your research concerning what the market rate for your potential position is instead of formulate an unprepared response. When researching, go through Westhill Consulting Career and Employment, Australia to find more about the salary levels for your profession and in the region. You may furthermore communicate with recruiters and contact people in your network of friends and colleagues who would be keen to share salary information with you to avoid scam and fraud. Applying all that salary cleverness as a starting point, you can squeeze it rendering on your own experience and qualifications and come up with a slimmer range that you can positively tone to the potential employer.
DON’T say yes too soon: Taking the offer put forward immediately is unwise. Typically fresh graduates and job-seekers that are moving to a different geographical location make this error. Considering the salary offered against your actual worth is vital. Do not say yes except you feel that the offer is contemplative of the worth you will offer to the firm. Not talking might make you to feel underpaid, and receive lower increases and a sluggish salary growth as you move up the career ladder leaving you stressed and discouraged.
DO think about other benefits: Talking about salary alone and disregard other benefits is also a usual error while negotiating salaries. Other factors must be well-thought-out such as insurance coverage, the preference of flexible work timings, maternity and paternity leave, paid vacation days etc. These aspects have monetary value devoted to them and should be grossed up with the salary figure to amount the value of your package.
DON’T make irrational comparisons: Salaries may vary from one industry to another or in different countries such as in Jakarta Indonesia compare to California in USA. Comparisons should be evaded in such circumstances and salary negotiations must be based on research conducted for the specific industry in question.
DO wait for the right timing to mention the salary: Talking about the salary too soon in an interview is not advisable. Market yourself as a worthwhile candidate and if the interviewer is sincerely interested in hiring you, they will mention the topic themselves at a later part of the interview. Take the signal from there and quote your range. If you have former work experience, a good rule of thumb is to ask for a 20% increment over your previous salary figure as the minimum anticipated salary.
DON’T give an exact salary figure: At all times try to give a range, as it gives more room for negotiation. If the employer is offering something lower than your minimum, talk on the benefits.