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How to… Negotiate Best Starting Salary

19th February 2014

Be wise about money and it will pay off

Most interviewers expect some bartering and, if it motivates you to put more into the job, it is worthwhile for both the applicant and the employer.

Know your value

Prior to the interview, research the company and salary range for the position. Conduct a salary research so you understand your market value by:

Comparing salaries in job adverts
Checking out online salary surveys.

Say as little as possible

An interviewer will want to discuss salary as early as possible so they do not waste time with someone they cannot afford. They may like to dwell on your past salary, in order to keep salary expectations low. So:

Avoid discussing salary until you have a job offer. If you do, you could price yourself out.
Get the employer to disclose salary before you do.
Do not disclose past salary.

Sell your skills

Be prepared to talk about the skills and accomplishments that support the value you have.

Establish target salary and bottom line

Before you go, decide what salary you want and what you will settle for. Your target salary should be at least 10–15% higher than the minimum salary you’d be willing to accept.

Take into account the whole package

Your CV should include only positive information.

The use of jargon, clumsy expression or clichés can sabotage the chances of even the most capable of candidates.

Never agree straight away

Be enthusiastic when you receive a job offer, but always ask for 24 hours to respond. If you do get the offer you want, get it in writing, and ensure the letter is signed.
 

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