How to negotiate salary with HR?

Salary negotiation is the most essential part of any interview process. But most people might not know how to properly negotiate salary during job interviews.

When an employer give a job offer, they will usually present you with a package that includes a proposed salary. Although, if you think that the pay does not align with your education, career level, skillset and strengths you have to provide, you can choose to negotiate for more.

Understand how to negotiate salary offers is a valuable skill which can increase your earning potential right through your career and better ensure you are fairly compensated for the job you do. This guide explores how to negotiate salary with HR, so stay tuned with the article.

How to negotiate salary with HR:

In this section we have explore about some tips to negotiate salary with HR, read them carefully to prepare for your next interview.

Start by calculating your value:

You must understand exactly how much value you can offer an employer before you start negotiating a salary. Various factors can impact your compensation, listed below:

Research the market average:

Understanding the market average will give you a good example of your salary request and even will be used as a justification to negotiation. Here are some questions to consider as you start market research.

Prepare with your talking points:

It can be helpful to answer the following question as a framework for your conversation, and the question is, why do you feel you deserve a higher salary than the one the employer is offering?

Be sure to put together a few talking points about results you have achieved in previous roles like goals you have met, the revenue you have helped drive or awards you have earned.

Your years of industry experience, your skills or certifications, especially if they are in high demand into your industry.

Be confident:

Discussing your negotiation with confidence is as necessary as what you say. If you convey your negotiation with more confidence, the employer also will be in more confidence with their consideration of your feedback.

Remember that you are conducting an essential set of skills as well as years of experience to the company and the pay they will offers should account for the value you are providing.

Ask for more:

The basic rule of salary negotiation with HR is to give them a slightly higher number than your goal. In this way if they negotiate below range of your goal, you will still end up with a comfortable salary offer.

If you are providing a salary range to employer, then make sure that the lower number you provide is still fair amount according to your goal. So if they offer you lower range salary you will likely settle on the lower end.

Share expenses you are running up:

One important reason you can ask for an increased salary is to cover the costs you are gathering by taking this job.

For an instance, if you are relocating to a new city for a job, you will have to pay moving expenses and also the costs associated with selling or leasing your current home.

If you are taking house away from home, you will have to pay commute expenses like train fare or fuel and wear and tear on your vehicle.

Be flexible:

Even if the company is unable to offer the salary amount which you want, they may be able to offer other forms of compensation, like you may be able to negotiate more stock options, extra vacation days or additional work-from-home days. Don’t be shy to ask for alternatives.

Express gratitude:

Once you reach to the hiring process, you have invested a great deal of time and energy applying and interviewing for this job position. The employer has also invested time in the process so you must express your gratitude towards them for considering you for the opportunity.

Even if you end up declining the offer, it is important to do so in a friendly and professional manner. After all, you never know what opportunities they may have available for you in the future.

Conclusion:

Salary negotiation is a critical step in the hiring process. By taking the time to explain why you feel you need more compensation, you can help employers better understand the value you provide.

As with any new skill, the more you negotiate, the more you will improve, and the easier it will become. Using tools like a salary Hike Calculator can also help you determine a fair increase, giving you the confidence to walk into the conversation prepared and ready to secure the pay you deserve.