The most common mistake every candidate makes during an interview is not negotiating in terms of their salary. Sometimes, because of lack of knowledge or fear of risk involved. Though it seems stressful after making rounds of interviews, however advocating for your pay is your right. All you need to do is take a firm stand during the negotiation round to ensure you get paid for your skills fairly. But being an individual applying for an entry-level job, it can get very confusing on what to discuss or things to keep in mind and many more.
If you are starting your career, you could use some salary negotiation tips for your first job. But don’t worry about the questions to ask or things to discuss. We have it all ready for you here. In the following article, we will cover some proven salary negotiation tips for your first job. And explain a few points to make it easy and less stressful for you.
Importance of salary negotiation:
It is important to negotiate for your salary as it allows you to know your market value and makes sure you will get the compensation that aligns with your skills, experience, and ethics that you bring to the company with you. Negotiating will lead to you getting a fair wage.
When an individual joins an organization, they are offering the skills that they have acquired by working hard that will, in turn, help the company to grow in the market. And between this, you will have a chance to earn and secure more and increase your earning potential. Some people think it will risk their opportunity if they negotiate instead of that it is the right thing to do. And we have a couple of salary negotiation tips for your first job.
Salary Negotiation tips:
1. Research your market value:
Before getting to the negotiation part, you should get as much insight about the market value of the job you are applying for. This will help you understand the right amount to ask for in the interview. Go on various websites and job portals to understand how much the other companies are paying on average.
2. Consider additional benefits:
While negotiating for your salary, also consider other benefits apart from your salary. Most of the companies do offer certain benefits for their employees as they are aiming to be employee-centric. Check for other benefits such as overtime pay, childcare assistance, insurance benefits, remote working options, office space, and reimbursement for work.
3. Craft your pitch:
It is also the most vital part of the process before getting into a talk or discussion. Make a pitch for yourself that will sound more aligned and give an impression that you are well prepared. Take your time before pitching your quotes, consider various factors while crafting your pitch, and then go ahead with your interview.
4. Set a strategic date and time:
Setting an accurate and systematic timeline for this process will help you land the job and salary as per your requirements. Based on your job and process, plan your negotiation round accordingly. These are the most vital salary negotiation tips for your first job.
5. Rehearse your pitch:
Before your meeting starts, get some time for yourself to rehearse the pitch that you have made. You can either do it alone or seek help from a family member or friends. Rehearse your pitch will make your pitch strong enough and confident. So you won’t have room for error during the meeting.
6. Be confident:
Before entering your interview, get ready with a confident mind-set. You can conquer or answer questions that the interviewer will ask. A strong and confident will can help you achieve your expectations and ace the interview. Confidence will give you a boost so you won’t make any errors in your pitch.
7. Stay kind:
Negotiating is always about resolving a conflict, not creating it. Be kind to your employer and your throughout the negotiation process. You should convey that you are demanding what is correct for you politely in a positive manner.
8. Start High and negotiate down:
Always start by pitching a higher amount, as your employer is most likely to counter the initial pay that you will demand. So, beginning with the higher digits will help you negotiate and not settle for very little at the end of the discussion. Start with higher then, slowly come down to a reasonable figure, considering all the factors wisely in your mind.
9. Be firm and stay flexible:
You need to be firm on what you need and your goals, but at the same time, you need to be open to some adjustments as well. You have come up with a common resolution and be on the same page as your employer.
10. Focus on your future:
Think about your future as well. After the negotiation, if you get the benefits and salary as per your preference so go for it, or else take everything thoroughly before going ahead with the offer pitched to you by the employer. This offer will be the exchange of the skills and benefits that you will bring to the company. So don’t settle for less.
Conclusion:
Though it seems difficult to speak up during the negotiation process, it is the right thing to do. This is the end process before joining a new organization, where you will showcase your skills and talents. The company will help you grow, and you will help the company as well in the market. Never settle for less than what is right for you just because of the fear of taking a risk. These risks will become a foundation for your earning potential and future raise. You can just simply refer to these salary negotiation tips for your first job to get the wage that is fair and right as per your skill set.
