As on date, our economic activities are divided into four quadrants – first one is occupied by those who work for others and get salary. Second belongs to those who are self employed, third one is covered by the businessman who develops systems and the system works for him. The fourth quadrant has investors. Majority of us are working for others and for our work, we get salary – it can be monthly, hourly or measured in some other units of time. When we get work based income, that can be called as wages or piecemeal labor charges. Since piecemeal labor work ensure quantity, this system does not give the consistent quality at large if mechanical work is not involved in larger proportion.
Those who have got caliber but do not have sufficient funds or resources to start their own venture, production or business enterprises, have to search out job under some one who have all such facilities. Sometime you get the job desired but you are not given the salary you wanted. You have to compromise if you need the job badly. A tight job market has already taken away some jobseekers' leverage in a salary negotiation, but that doesn't mean they should roll over and accept the first offer.
Getting the desired salary in the face of tough competition is really a tough job itself. But you must have sufficient confidence to sell out yourself on the best terms and conditions. Kindly don’t mind, I used the word, “Sell Out Yourself”. Working under someone against some salary to be paid after a definite spell of time means you have sold out your time to that employer. During that time, you can’t do anything else than you had already been allotted – you do not have your own wish, that means you sell out yourself for that period. However, don’t get disappointed. To get the top compensation possible for the period you have agreed upon to work, you can take some of the following steps, without putting a sour taste in your potential employer's mouth.
1. Before Going To Attend An Interview, You Must Do Some Research Work On The Employer.
Some time ago, it was really difficult to find out what other professionals in your desired industry get paid. But now, several resources have attempted to opened that black box. They can give salary ranges to expect based on a job seeker's position, location, and experience. Employees at the actual company you're applying to might have also posted their salaries when advertising for the vacancy..
2. You Must Avoid To Give To The Proposed New Employer, Details Of Your Existing Salary.
Surely, you'll be pressured to disclose your existing income through the application process asking "What's your salary requirement?" "What salary range are you looking for?" "What do you get paid now?" Whatever you do, you must try your best not to give out the details. If your answer is too high, you might not make it to the next stage. Too low, and an employer will either think you're not qualified or desperate. So, if possible, write "NA" on applications. Let them come out with their proposal. If you find that to your satisfaction, say Yes.
If you're pressured to say how much you make during the interview process, try giving your "total compensation," which many large employers will break out for you on the company's internal human resources website. If your current employer doesn't do that, just spell out your salary, benefits, bonuses, and anything else your current employer offers. If the new company doesn't offer some of similar benefits, the HR manager will know that your new salary would have to be bumped up to reflect that.
If the interviewer still presses for a required salary, try giving a range of $15,000 rather than a specific number.The low amount should be the minimum you'd be happy with and the high amount should be what would make you happy.
3. You Must Try To Give True Information Only.
It's very much easy to get someone in HR to verify a salary, even if they're not supposed to. Even if you make it to a job offer, the false salary could come out during a background check, which could result in an outright retraction of the offer or at least upset an employee's new boss. And from that point onward, you might face trouble in negotiations not just with your new employer, but with everyone in your industry who has heard. Word gets around.
4. You Must Avoid The First Offer.
Most employers expect candidates to try to negotiate. So they leave room in the first offer for a raise.If possible, try to arrange a face-to-face meeting with the hiring manager rather than someone in human resources. The hiring manager is more likely to be flexible.
Say that you're flattered to have an offer and really want to join the team, but that there are a couple specific items that you're sure you could resolve if you put your heads together. Despite the pressure on salaries during the downturn, a good rule of thumb is to ask for a 10% higher salary with the change of your employer.
If the hiring manager says budget restrictions keep him from going as high as you'd like, it might be that the position is "graded" to be within a certain salary band by HR. It's worth asking if the boss can ask the appropriate person for the job to be re-graded. The worst he can say is no.
5. Once Salary Is Decided, You May Go For Other Benefits.
Despite what you might have heard, many benefit packages aren't flexible. So, while it's worth asking, it might be difficult to modify the health plan. Your success in getting more vacation days depends on the employer. Your potential boss might be hesitant to give you more days if it will make other employees think they're being treated unfairly. Instead, focus on things that are easy for the employer to provide, such as a work-from-home arrangement for one day a week, if the employer has made such arrangements in the past. If you still feel your package is too low, ask if it can be reviewed again in six months. That way, you can show them that you're worth the money.
6. You Must Ask For The Additional Salary If You Are Given Charge Of Another Post In Addition To Your Present One.
It is not bad if you ask for the additional salary if you are given charge of another post in addition to your present one because it will double the responsibility of the jobs. Be frank and ask for the addition to the salary if your employer gives you the charge of another post for a period of one week or more. Additional charge for 2-3 days should not be figured out.
7. Your Presentation Must be Creating Your Need In the Organization.
When you are going to attend an interview, you must prepare yourself so much that your presentation may make the proposed employer see in you as an urgent need for his organization. Once you are able to create such impression, you can get good start, jump and revision of the salary.
Be Happy – Get the Salary You Wish
Those who have got caliber but do not have sufficient funds or resources to start their own venture, production or business enterprises, have to search out job under some one who have all such facilities. Sometime you get the job desired but you are not given the salary you wanted. You have to compromise if you need the job badly. A tight job market has already taken away some jobseekers' leverage in a salary negotiation, but that doesn't mean they should roll over and accept the first offer.Getting the desired salary in the face of tough competition is really a tough job itself. But you must have sufficient confidence to sell out yourself on the best terms and conditions. Kindly don’t mind, I used the word, “Sell Out Yourself”. Working under someone against some salary to be paid after a definite spell of time means you have sold out your time to that employer. During that time, you can’t do anything else than you had already been allotted – you do not have your own wish, that means you sell out yourself for that period. However, don’t get disappointed. To get the top compensation possible for the period you have agreed upon to work, you can take some of the following steps, without putting a sour taste in your potential employer's mouth.
1. Before Going To Attend An Interview, You Must Do Some Research Work On The Employer.
Some time ago, it was really difficult to find out what other professionals in your desired industry get paid. But now, several resources have attempted to opened that black box. They can give salary ranges to expect based on a job seeker's position, location, and experience. Employees at the actual company you're applying to might have also posted their salaries when advertising for the vacancy..
2. You Must Avoid To Give To The Proposed New Employer, Details Of Your Existing Salary.
Surely, you'll be pressured to disclose your existing income through the application process asking "What's your salary requirement?" "What salary range are you looking for?" "What do you get paid now?" Whatever you do, you must try your best not to give out the details. If your answer is too high, you might not make it to the next stage. Too low, and an employer will either think you're not qualified or desperate. So, if possible, write "NA" on applications. Let them come out with their proposal. If you find that to your satisfaction, say Yes.
If you're pressured to say how much you make during the interview process, try giving your "total compensation," which many large employers will break out for you on the company's internal human resources website. If your current employer doesn't do that, just spell out your salary, benefits, bonuses, and anything else your current employer offers. If the new company doesn't offer some of similar benefits, the HR manager will know that your new salary would have to be bumped up to reflect that.
If the interviewer still presses for a required salary, try giving a range of $15,000 rather than a specific number.The low amount should be the minimum you'd be happy with and the high amount should be what would make you happy.
3. You Must Try To Give True Information Only.
It's very much easy to get someone in HR to verify a salary, even if they're not supposed to. Even if you make it to a job offer, the false salary could come out during a background check, which could result in an outright retraction of the offer or at least upset an employee's new boss. And from that point onward, you might face trouble in negotiations not just with your new employer, but with everyone in your industry who has heard. Word gets around.
4. You Must Avoid The First Offer.
Most employers expect candidates to try to negotiate. So they leave room in the first offer for a raise.If possible, try to arrange a face-to-face meeting with the hiring manager rather than someone in human resources. The hiring manager is more likely to be flexible.
Say that you're flattered to have an offer and really want to join the team, but that there are a couple specific items that you're sure you could resolve if you put your heads together. Despite the pressure on salaries during the downturn, a good rule of thumb is to ask for a 10% higher salary with the change of your employer.
If the hiring manager says budget restrictions keep him from going as high as you'd like, it might be that the position is "graded" to be within a certain salary band by HR. It's worth asking if the boss can ask the appropriate person for the job to be re-graded. The worst he can say is no.
5. Once Salary Is Decided, You May Go For Other Benefits.
Despite what you might have heard, many benefit packages aren't flexible. So, while it's worth asking, it might be difficult to modify the health plan. Your success in getting more vacation days depends on the employer. Your potential boss might be hesitant to give you more days if it will make other employees think they're being treated unfairly. Instead, focus on things that are easy for the employer to provide, such as a work-from-home arrangement for one day a week, if the employer has made such arrangements in the past. If you still feel your package is too low, ask if it can be reviewed again in six months. That way, you can show them that you're worth the money.
6. You Must Ask For The Additional Salary If You Are Given Charge Of Another Post In Addition To Your Present One.
It is not bad if you ask for the additional salary if you are given charge of another post in addition to your present one because it will double the responsibility of the jobs. Be frank and ask for the addition to the salary if your employer gives you the charge of another post for a period of one week or more. Additional charge for 2-3 days should not be figured out.
7. Your Presentation Must be Creating Your Need In the Organization.
When you are going to attend an interview, you must prepare yourself so much that your presentation may make the proposed employer see in you as an urgent need for his organization. Once you are able to create such impression, you can get good start, jump and revision of the salary.
Be Happy – Get the Salary You Wish
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