Wednesday 20 January 2016

How to Negotiate Salary Package

How to Negotiate Salary Package with an interviewer what my salary expectations are? This is a question I have a difficult time answering. I have a second interview with a big FMCG coming up soon and I know they will ask me about my salary expectations, but I do not know what amount to ask for. The job advertisement stated excellent pay and benefits but how do I know if I am asking for too much or too little?

Some people get very uncomfortable by salary negotiations. Basically they tend to fear coming across as too needy or too greedy. If you have similar concerns, then just be aware that salary negotiations are a standard part of the hiring process, and, as with all things, the more you do it the better you get at it.

Try to avoid discussing salary during the interview stage. If you discuss salary and benefits before the decision has been made to hire you, you risk not getting the offer at all. However, if the interviewer corners you and demands that you name your price, then do not give one specific amount, like 50, 000 rupees, but put forth a salary range with your desired salary at the lower end of the range, e.g. 50,000 to 60, 000 rupees. Better yet, get the interviewer to throw the first number on the tale. Why? Because if you are too low they will get you too cheaply and if you are too high you just might knock yourself out of being considered for the job.

The company's initial offer will be a good ball park figure to work your negotiation around. Just keep in mind that you are negotiating, not demanding, more money. The process is meant to be an open discussion between both sides, with room for give and take. In fact, may organizations expect you to negotiate and they factor that into their initial offer.

Lastly, almost everyone in life sooner or later goes to negotiate salary package with ones employer. It is therefore, imperative to negotiate expertly at that time. You must believe in yourself. Keep your aim high and be realistic. Start your negotiations with confidence and in good tone. Whatever your interests are, clarify them. It is easier to convince someone to accept your suggestion if he perceives how the proposal is determinedly placed on objective criteria. Remember just like you, the employer has also some requirements and apprehension. To convince him to agree with your salary package you will have to answer all those things that are his requirements.

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