During a Job Interview, the question, ‘What are your salary expectations? is a common one. Therefore, salary negotiation for Freshers is of great importance. Certainly at the end of a day, we all reflect on how we get compensated for the work we do. However, there are cases where new recruits get exploited and not paid adequately.
So, salary negotiation is certainly not to be taken lightly. Glassdoor states that, people who negotiate their worth are more likely to get a good package than others. However for a salary negotiation, Freshers must prepare for their side of the bargain. Moreover, it’s important to use some evidence and research for your industry pay scale.
Below are some tips for salary negotiation for Freshers that will help you in interviews.
Tips for Salary Negotiation for Freshers during Interviews
A Salary negotiation should be a strategic way to put forward your worth before an employer. Moreover, you should secure and settle at a higher salary range than the one you’re currently offered.
However, it’s also important to not sound too needy or else you will upset the grace of the employer. Consequently, if your salary looks capped, approach the issue differently and create a room for negotiation.
For instance you can say that, ‘What benefits will I receive apart from the one you’re offering? After that, wait for the Recruiter’s response and observe their reaction. Additionally, you may consult the guide given below:
Related: Questions you ask Recruiters: Dos and Don'ts
Above all, one should be flexible during negotiations and be also open for a settlement. To clarify, it means that you must come to a mutual understanding about your salary range. After all, your job becomes harder without any promotion or appraisal.
That is to say, a lot can happen while you’re employed. But ensuring you’re not underpaid for the work you’re doing should be your primary concern.
Steps to follow regarding Salary Negotiation for Freshers:
#1: Create your claim for Salary negotiation:
Firstly, one needs to prove their worth for Salary negotiation. Additionally, show the employer or Manager you’re dependable and capable of investing in.
Moreover, you should highlight specific examples of the work you do for that employer. Further, if you already have their trust, there’s always scope to ask for a raise.
#2: Face the initial resistance and Rejection:
Even the best cases for a salary negotiation might face resistance. So, prepare accordingly for cross-questions like: “How much do you want from us?” or “Why do you want an increase?”.
However, most employers want you to negotiate and you should not just get lured by what’s offered. That is to say, if the employer refuses strictly or there is a fixed salary wage then do not press further.
#3: Remain Firm and Flexible during negotiations:
Salary negotiations won’t go in your favour if you blatantly utter a fixed salary amount. Therefore, conduct a thorough research for the particular role or position in your industry and provide a range instead.
Moreover, go back-and-forth during negotiations and try to reach an acceptable compromise. Do not be too firm or rigid while staking your claim or else the negotiation will fail.
For preparing yourself during a negotiation, follow the process mentioned below:
Above all for a salary negotiation, calculate how much your position should get paid back. Moreover, consider factors such as your experience and location.
In addition to them, consider your industry and the benefits that the Offer Letter states. However, always request a formal Offer Letter after a verbal negotiation. Record the Offer Letter terms and conditions and revise them to be sure.
Lastly, you can follow these tips for a better starting salary for your new role or position.
Research Glassdoor’s Know Your Worth to find a good Salary Range:
This popular tool from Glassdoor allows you to conduct background checks on companies. It gives company details, pay ranges and reviews from company employees. Providing a salary range through research helps you negotiate and compromise more easily.
Therefore, enter your Current or Desired Job Title and find out what the company offers in that role. Additionally, you can search online on Google and sites like Payscale Salary Calculator. Looking at the average salary estimate for the position you want gives you a ground during negotiation. To clarify, you will also get a clear picture of how demanding the role or position is.
Certainly when an employer asks about how much you want, ask them first about how much they can offer. Later, if you find that the amount is less than what you expect, ask if the offer is negotiable. That is to say, you must be persuasive and patient until the negotiation ends. After that, if you enter the negotiation, proceed with a range that’s slightly higher.
Use networking sites like LinkedIn and ask others:
Certainly, it may happen that the company is a startup and the average salary estimate may not be available online. Here comes the importance of networking sites like LinkedIn. That is to say, you can connect with former employees and professionals within your network.
Related: What are the things to consider on a LinkedIn profile?
Networking within your industry provides you an idea about your industry pay scale. However, remember that there may be specific factors behind the salaries they declare. Therefore, don’t downplay your desire for negotiation when the time comes.
Lastly, do not create stigmas about unfair salary offerings of the company. Above all, Freshers should know that their salary negotiation ability is somewhat limited. However, it does not mean they can forgo their ability at negotiating.
Moreover, you can practice your pitch with a friend before negotiating with an employer. Finally, it’s important to not lose hope if your last negotiation did not go well. Subsequently, you can follow the same ways to ask for a raise if you’re working for a long time.
To conclude in a Job Interview, the question, ‘What are your salary expectations? is a common one. In other words, salary negotiation for Freshers is important. Certainly at the end of a day, we all reflect on how we get compensated for the work done. As a result, there are cases where new recruits get exploited and not paid adequately.
So, salary negotiation for Freshers is not something to take lightly. A Glassdoor survey found people who negotiate their worth were more likely to get a good package than others. That is to say, Freshers must prepare for their side of the bargain for a salary negotiation.
Most importantly, one should use some evidence and research for your industry pay scale. That is to say, you can use the above tips for salary negotiation for Freshers for your next interview.