Fuel, food and rent prices have all risen throughout the country, but what about salaries?
According to a poll performed by recruiting firm Robert Walters, employers would continue to be cautious about salary increases.
While starting a new job in this atmosphere, it is critical to advocate for yourself by asking for what you are worth.
Here are seven strategies for negotiating a reasonable compensation when starting a new job:
- Examine the compensation trends in your industry
Before you begin the bargaining process, you need to educate yourself.
Several websites provide compensation information according to your profession, experience and location.
Equip yourself with as many facts and as much knowledge as possible to avoid being exploited.
- Be polite yet strong
You now have the ball in your court. You have already gotten the job offer, which signifies the employer or organisation recognises the value you can provide.
You have the ability and the right to begin this procedure.
- Practice
You must know exactly what you are going to say and how you are going to say it.
Make a list of possible questions in response to your proposal.
Why should you be paid the wage you choose rather than the one that was on the table? What would demand its expansion?
This will give you the confidence to articulate your purpose clearly and convincingly.
- Choose an acceptable time
Choose your moment well, but don't leave it till the last second.
Inform the recruiting manager or an HR department representative that you wish to negotiate your compensation before signing your contract.
- Make your argument
You already know what is expected of you in your position, but start negotiating.
By asking additional questions, you may set the tone for the rest of the conversation.
Highlight all of your achievements. Explain why you desire this job and what you will offer to the table.
- Be prepared to face opposition
Everything may not go as well as you thought.
You may face some scepticism about your offer and if it is justified.
- Maintain your cool and stick to your original remarks.
If there are no other options, make a compromise.
Your salary may be seen as excessive by your soon-to-be employer.
You may, however, be handed one that is significantly lower than what you had hoped for.
Consider whether it will be sufficient for your requirements and more. Know when to give up.
Be ready to face rejection
Sometimes the answer is just no. Several businesses are still climbing the economic recovery hill as a result of the Covid-19 epidemic.
Don't be discouraged; you may always seek to negotiate a greater wage later.
IOL Business