Saturday, October 4, 2014

How To Prepare Yourself For Salary Negotiations

Working hard to apply for a job and passing the screening process is a great achievement that many job seekers yearn for. After all, finding employment is no easy task. However, many people make the mistake of accepting the salaries prospective employers put on the table without question.

Successful candidates that do not try to negotiate salaries later on come to regret it later. This may be due to finding out that they are earning less than average salaries compared to other people in their field. If you are currently looking for employment, you need to learn the art of negotiating a good job offer. Below are a few tips to help you prepare for salary negotiations.

Research Salary Scales in Your Field
Find out the average salary scales in your field if you really want to know how much you are worth. Check job descriptions to see the salaries that different employers quote for similar jobs in your industry, area and location. By taking time to do this research, you be better placed to negotiate a fair starting salary.

Understand the Requirements for Each Job
Make sure that you fully understand the responsibilities for each job being offered by different employers. Some employers may be willing to pay above average salaries for job openings that have a wider scope.

Consider Your Experience and Unique Skills
How long have you been in the industry? Entry-level job seekers earn less than those who are more experienced. Therefore, if you have significant experience, talk about it with your employer, as this might help you negotiate a higher pay.

Do you possess unique strengths that make you special form everyone else? If so, try to negotiate your salary based on how your unique skills can benefit the employer. Will your skills increase profits, bring in new clients or lower costs even more? You can use your differentiators and special skills to convince employers that you deserve a higher pay than they are offering.

Decide on an Appropriate Salary Scale
After conducting enough research about how much a job offer is worth, set your acceptable salary. You should always have a minimum salary that you are willing to accept. If an employer goes below this target, be prepared to discuss your reasons for not accepting the offer with the hiring manager. Keep in mind that you do not always have to turn down a job offer right away. By simply saying that you will think it over, some employers can propose a better offer.

Negotiating salaries is something that job seekers need to embrace rather than fear. If you do not know how much you are worth, some employers will take advantage and pay you low incomes than what you should be earning. To avoid being paid less than average wages, arm yourself with the right salary information, understand each job description and know your strengths. Taking these steps will help you negotiate better salaries when an employer puts a job offer on the table.

Lynn Woods is a web marketer who loves to write about job related topics. She is also an editor for a local based career magazine in the UK. If you want to discover more useful job search tips, Lynn invites you to click here.

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