How to Avoid Losing a Job Offer by Negotiating a Salary
The first thing to remember is that if you are attempting to negotiate a salary, you may end up putting yourself in a bad light. There are a number of common mistakes people make, including not reading the job posting carefully, taking the offer personally, and taking it too far. But if you follow a few simple guidelines, you should be able to negotiate a salary that is fair and acceptable to both you and the company.
Neglecting a salary
It’s possible to wheedle a higher salary from a company without compromising the rest of the job’s requirements. It may seem a bit counterproductive, but using a job offer as leverage is not uncommon in some industries. While it will likely be held against you if you use a job offer to negotiate a higher salary, it’s important to be aware of the consequences.
Taking it personally
You should never take a salary negotiation personally. The employer might have a tight hiring budget, or it might be because they expect you to negotiate. It may not be a reflection on you or your qualifications. In these instances, staying calm and composed is key. Take some time to gather your thoughts, and prepare a strong response. After all, your potential employer is paying you to work for them, not to take advantage of your emotions.
Taking it too far
One mistake you should avoid is focusing on your needs instead of your value. If you are asking for a salary that is too low, it won’t be of much value to your employer. Always negotiate your salary based on your value to the company, not on what you need to survive. Avoid saying that you need a certain salary, as this will only backfire and make you hate the job you get.
To make sure that you’re getting the right amount, do some research on salary levels for similar positions. If your salary is too low, you’ll sound clueless and unappreciative, and it might even cost you the job. Invest some time in researching similar positions in the same industry and role, and make sure to factor in annual raises and other benefits that your new employer offers.
While you should negotiate your salary, be sure to have substantial reasons for asking for more money. Asking for more money is not a reason to alienate the hiring manager or risk appearing incompetent. Many job offers are lower than the industry’s minimum salary, so asking for more is not likely to result in a job offer rejection. Instead, it’s a sign of ambition and a hunger for professional growth.
Taking it too easy
It can be tempting to take the first offer you receive without negotiating the salary. This approach will make you look insensitive and difficult. Not only will it cost you the job, but you might end up being seen as a hard-core jerk. Instead, try to be polite and persuasive, and remember to justify your demand with solid facts. By being tactful and firm, you may be able to score yourself the best salary offer you’ve received in a while.
Taking it too slow
It can be tempting to rush into discussing salary negotiations when you’ve already been offered the job. However, it’s better to take your time and let the hiring manager introduce the subject. In general, an employer will consider such an action as poor form, as it suggests you’re more interested in compensation than in the company’s needs. To avoid this, wait until after you’ve accepted the job offer before bringing up salary. It’s also important to avoid committing to a specific amount of money until you have a better understanding of what you’ll be getting in return.
When negotiating salary, don’t get nervous. If you’re sending an email, you may be second-guessing your responses and overthinking every word you say. It’s also easy to forget details, such as the salary offer, when you’re working via email. To avoid this, make sure to read the other person’s response carefully before sending it to them.
While taking it too slowly when negotiating salary can cost you a new job offer, it can also make the process seem unfair. While you may be tempted to settle for a low salary and be content with the existing salary, this tactic could hurt your career. The company will likely remember this and look to replace you. Ultimately, salary is a major component of accepting a new job, so don’t let it distract you from seeing the big picture.
Another common mistake in salary negotiations is focusing on your need, instead of your value. It’s important to remember that employers don’t care about your salary if it won’t cover your expenses. You should only negotiate salary based on your research and demonstrate your value to the company. And never tell an employer that you need a certain amount of money in order to be happy.