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Woman of the week |
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Cannes President
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Talented Isabelle has been appointed as the president of the Cannes jury for 2009. She is the fourth woman to head this committee...
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Today's Celebrity |
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Producer Jessica Biel
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Jessica Biel’s co-production ‘Hole in the Paper Sky’ is set to release in Australia. This actress who wore the producers cap for the first time, loved hopping around the sets making coffee for the crew.
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Smartly Negotiating the Salary
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Written By:
Vivek Sharma
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Changing a job isn’t an easy task as it involves an extensive research of the position offered, job responsibilities, challenges, and the company. Once you are through with these activities and even impressed the employer with your killer resume and aced the job interview, next task is something that can make or break your career. Yes, we are talking about the crucial part of your job and that’s salary negotiation. Despite being the decisive step, it’s usually one of the most neglected and misunderstood steps.
Time to time online business magazines keep on raising this issue and help job seekers in getting the best and lucrative deal instead of low-paying offers and lost opportunities. To combat this battle and negotiating your salary, there are five hardcore steps to be kept in mind:
Starting Salary for Amateurs
If it’s your first job, don’t jump on to the offer without contemplating. We know that a beginning salary is merely a temporary inconvenience and in a year, remunerations are revised. Nonetheless, you shouldn’t forget that maximum salary augmentations and incentives are calculated using a percentage of your current pay. To cut the long story short, if you start your job on a low pay scale, every subsequent raise and bonus you get is going to be proportionately low. Thus, fight for a good salary from the word-go.
Frowning upon Salary Negotiations
There is no doubt that employers would always frown on salary negotiations. But this doesn’t mean you can’t ask for a high salary (only if you are competitive). Many job seekers are low in confidence and thus hesitate to make a counteroffer for fear that the employer might move on to the next candidate. This is an integral part of the hiring process, and employers are always prepared to discuss remuneration, what you deserve. Even if the salary asked turns out to be nonnegotiable, there’s no harm in discussing unless the information is clearly stated during the job interview.
Asking for a Less Hike
Career experts always propagate that the best and safest way to secure an employment offer is to ask for the lowest salary possible. It might be good if you’re a fresher or desperate for a job but remember it hampers your career prospects too. That’s why; many experienced workers are still stuck in entry-level positions. It doesn’t mean you simply shoot-off the raise instead be reasonable and feasible. Don’t forget that underselling your professional worth portrays you as an insecure person, resulting in low pay jobs for rest of your life.
Sign the Dotted Line
Many job seekers are under an impression that reaching a verbal agreement is equal to the deal done. This might sound correct but they encourage you to make important life decisions based on a false assumption. Don’t quit your current job and don't refuse other offers too until you’ve signed on the dotted line. As far as thumb rule goes, verbal contracts are legally binding in some parts of North America, but they’re nearly impossible to prove without credible witnesses. Thus, it becomes crucial to get things in writing as soon as possible.
Everything is Flexible
One of the most popular salary negotiation myths circulated in business week magazines is that you can always barter. On the whole there are three types of job offers: entry-level, intermediate level, and management level. Entry-level positions have fixed remuneration but you can haggle over unpaid vacation days. On the contrary, intermediate salaries are more flexible and interviewers have to work within a specific range. Lastly, salary negotiation is a must when you apply for a management position. Being the highest position, it demonstrates that you value your skills, knowledge, and companies you have worked with. It also projects you as a confident leader.
After debunking the harmful salary negotiation myths, we feel it should be easier for you to get the best salary as per your career skills. Here we like to mention that your pay isn’t determined by the employer alone. Even if your salary expectations are slightly on the higher side than what the company is offering, an exception can always be made. This happens only if the interviewer feels you’re the ideal candidate for the position and deserve this remuneration. Hiring managers are more secure as they have a fairly large salary range with which to play.
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Send Your Query
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Posted :
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14 Oct 2008
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