Avoiding Salary Negotiation Mistakes

When a person is seeking a job offer, he or she has to learn negotiating tactics. When salary is offered at new job, then you should know how to deal with amount quoted. Whether you are happy with the offer or plan to negotiate the salary offered. Avoiding mistakes of salary negotiation is an important key in getting a good salary.

These mistakes if committed can be hazardous and you may get lesser salary or in worst case you may lose a job offer. This negotiation mistake can be career threatening so try to avoid them in every possible manner.

Learn the tactics of negotiation as soon as you enter the job market. Take a look at these points that will help you in avoiding salary negotiation mistakes:

The greatest mistake that you can commit is just settling for the amount that is offered by the hiring manager. You do not try to negotiate even if you feel you can earn better. If you go for less salary then it will be a financial setback in your career as well as personal life. You have to feel at ease and be comfortable while negotiating.

Do not give out the salary figure that you are expecting in the preliminary rounds of recruitment. Handle this question tactfully. You will not get an opportunity to negotiate if the company has full knowledge of your expectations. This will be detrimental for you.

Let the employer know your value and how you can help the organization in progress. You are negotiating for salary because you are of that value and not for your needs. Your market vale has to be highlighted through solid research on salaries offered in your profession.
You have to be really good in research of salaries offered in your profession. This will help you in right negotiation and you can show your market value to the prospective employer. You have to research the history of salaries that are offered in the organization that has offered you a job.
You should know the right time to negotiate salary. This should happen in the last round of recruitment when you are offered the job. You have to ask for some time so that you can reflect on the compensation package that is offered. In the very beginning of hiring process, you ask about the salary then it shows you focus only on money and are not interested in the profile and company.
You have to take time in accepting the salary offer. These days all organization give you time to accept. You need to look into all the aspects if the compensation package before accepting. Check if you have some room to negotiate on salary or other benefits like bonus, incentives, etc. Do not accept the offer quickly; give a serious thought to it.
As you should not accept the offer quickly. In the same manner, you should not decline the offer only on grounds of salary. If the salary is really low, you have no option other than declining. But if the salary is good yet not up to your expectations then look into the benefits that the job is offering. You can always negotiate on one or two sections of the package like bonus, paid vacations, etc.