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How To Negotiate A Salary?

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12y ago

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You've already done the hard work. You've interviewed and won over every one of the people you talked with. They like you and think you're the right person for the job. They extend you a job offer and you're ready to accept. You just need to negotiate the salary.

Many think of negotiating a salary as something so uncomfortable they'd just rather just take whatever salary is offered to them. Negotiating is not only a potentially lucrative move that could add thousands to your bottom line but many employers expect you to negotiate.

First, you need to know what the typical salary range is for the position you're applying for. Asking way above the range could send the message that you're not informed or realistic or, worse yet, cause you the job. Asking under could lead you to be underpaid for years.

Second, let the employer start the bidding. You never know for sure what type of salary range a company is willing to pay unless you hear it directly from them. If they're willing to pay $70,000 for a position and you say you want $50,000, you've just cost yourself $20,000 a year. Let them give the first number and if it's too low for you let the negotiating proceed from there.

Finally, look to negotiate for a total compensation package. Salary is just one part of the total pay you'll receive at your new job. There's health and dental benefits, vacation time, stock options, wellness benefits, employee discounts and more. If you don't get offered the salary you want (or even if you do), negotiate some of the benefits. Ask for a signing bonus or an extra week of vacation. It's unlikely asking for these will be a deal breaker and the worst that can happen is they can say no.

The salary you agree could be the salary that you'll have to live with for the next several years. Don't leave any of it on the table!

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