Master salary negotiation after a job offer. Learn effective strategies and tips to secure the best possible compensation package. Boost your earning potential with these expert insights.
Receiving a new job offer is always exciting, but discussing salary can feel intimidating. Many people hold back, worried they might risk the offer. However, HR professionals usually expect some level of negotiation. Here are five smart tips to help you handle it confidently.
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Research Industry Packages
Negotiating without information is like shooting in the dark. Know your market value. Check sites like Glassdoor, LinkedIn, and AmbitionBox. Determine your salary range and walk-away point.
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Expected Salary Immediately
When asked about your expected salary, avoid quoting a figure that’s too low. Instead, express that you’d prefer compensation in line with industry standards. You can also ask for the salary range allocated for the role to better understand the employer’s budget. Make it clear that your expectations are flexible, depending on the overall offer and benefits.
Simply asking for a 30% raise isn’t enough. Be sure to highlight your achievements, such as increasing sales or cutting costs. Demonstrate how your skills and contributions add value to the company, making a strong case for the raise.
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Don't Just Focus on Base Salary
If the base salary is fixed, look at the whole package. Negotiate joining bonus, performance bonus, ESOPs, extra leaves, flexible work hours, health insurance, and training budget.
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Speak Confidently, Not Aggressively
Your tone matters. Be polite but firm. View the conversation as a solution, not a fight. Show genuine enthusiasm for the role and the company throughout the negotiation. Use pauses and silence strategically. Once an agreement is reached, be sure to obtain a written, updated offer letter reflecting all discussed terms before accepting.
