Salary Negotiation
This is a stage where both the candidate & the organisation have understood each other and are ready to join hands basis the skills of the candidate and job role offered by the organisation. It is like any other negotiation and has to be done in precisely the same manner, Subtle...
The important aspects of this process are:
- Do your SWOT - How are you different?, Where does your competition stand?, How valued are your skills by the organization?, What are other alternatives available?
- Know the industry - What are prevailing salaries?, Why should you be paid more? What are the growth rates in the industry?
- Know the organisation – What kind of salaries do they provide? What kind of leaders does the organisation have? What is the mindset & personality of decision makers?
- Know the entire package - What are non-financial items in your package? What are training & growth prospects available?
There are many factors to be considered keeping in mind advancement of your career and long term employability. Think long term before acting short term.
