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How To Negotiate Salary Skilfully Without Being Pushy

How To Negotiate Salary Skilfully Without Being Pushy

Warning: If you think you’re average, don’t read this.

This article is specially written for talented people who want to get a higher pay when getting a new job. If you think you’re just average, this article might not be suitable for you.

Most employees would love to have a higher pay when they get a new job. However, not all employees have the courage to negotiate a salary raise, as the discussion of salary is very often deemed as a taboo, a subject that agitates employers.

As a matter of fact, there can be still much room for negotiation about the details before you sign the contract. As long as you dare to voice out your thoughts, there is a high chance you land in getting what you expect.

This article will provide you with skills suggested by experienced HR and managers on how to negotiate a salary raise before and when you receive an offer.

Before the interview

Make sure you understand the job market

It is important for you to have an expected number in mind first. Otherwise, very likely you will be led reluctantly by any experienced HR.

As Ramit Sethi told in “I Will Teach You to Be Rich”: “If you walk into a salary negotiation without a number, you’re at the mercy of an experienced hiring manager who will simply control the conversation.”

And about what number you should have in mind, it is essential for you to gain some knowledge about what is the usual payment of your position in that industry in that geographic area.

Glassdoor is one helpful source for you to better understand the job market. In this website, when you type in the job title, you can have a glimpse at what salary other people usually get in that post in the specific district.

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    Should I reveal my expected salary in the cover letter or not?

    The question that troubles many job hunters is whether one should write the expected salary in the cover letter or not.

    And the answer is: don’t do that!

    It is not reasonable to write your expected salary in the cover letter if it is not required in the job ad.

    Showing the expected salary in the early stage runs a big risk. If you state something lower than what you deserve, you lose; if you write something higher than what you deserve, you lose too, as it may cost your chance of getting an interview!

    In this light, it is better not to state your expected salary in the cover letter if you are not required to do so.

    But what if you are required to state the expected salary in the cover letter?

    It is not unusual for the companies to want to know the candidates’ expectation in advance. To them, it is a matter of time efficiency — they want to pinpoint the potential employers who will accept their offer, and they do not want to waste time on those who are beyond the benchmark they are willing to offer.

    In case you are asked to state the expected salary in the cover letter, you have a few options.

    Dodge the question and show your maturity as well

    You can dodge stating it directly. You may redirect the focus from the salary to your passion. For instance, you can state: “Salary is only one of the factors I consider paramount in weighing a job offer. I am delighted to discuss it once I am as determined a strong candidate for the position.”

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    State a range that the company won’t say no to

    Or you can state the range you and the company are both comfortable with. In order to provide a safe salary range, you can once again refer to Glassdoor to have a look at what your counterparts usually get. Besides Glassdoor, you are also advised to inquire the personnel in that company beforehand to have a better understanding about what the price your targeted company is comfortable to offer.

    State the exact number like $53,750

    Or you can directly state the exact number you hope to settle on. Even though it is riskier to state exactly the number, sometimes stating the exact number may do you good. According to researchers at Columbia Business School[1], employees are more likely to be given an offer closer to their initial request, state a more precise number in their initial negotiation request when they state a more precise number in their initial negotiation request. The reason is, as the researchers explain, the employers assume you have prepared extensive research into your market value when you reach that specific number.

    Also, when you state the exact number, you can also aim higher than the usual range. It is because psychology shows that your bargaining partner has the feeling that he or she is getting a better deal if he or she negotiates down from your original ask. Given that your employer will almost certainly negotiate down your term, you may need some room and still end up at a salary you are pleased with.

    Should I still state it when a standard salary is already stated in job ad?

    There are jobs that are fixed with a price. For example you may see figures like these on a job ad: $22/hr, $50/day. For jobs like these, can you still negotiate a higher salary? The answer is yes.

    The point is, you should let your employer know how far you exceed their expectations.

    In order to persuade your employer, your approach is to emphasize your past achievement and your potential contribution to the company.

    For instance, you can negotiate in this way: “I wonder if the salary is flexible. Based on my achievement in education and my past experience in this industrial field, I’m confident I can help the company get 70% growth in the coming year. I wonder if you might be able to offer $Y instead”.

    However, one golden rule you should bear in mind is that every employer does have a range in mind. That is to say during the interview you may not want to present yourself as if you were ignorant of the salary information stated at the start. Show them you know it very well but at the same time you know you can over-deliver.

    During the interview

    When being asked about your current salary

    During the interview, the employer may inquire information about your current salary.

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    However, revealing your current salary may put you at disadvantage if the job you are applying can offer a salary much higher than your current one.

    To encounter situation like this, you are advised to quickly draw attention to other topics. Instead of focusing on your current salary, you may once again highlight your skills, your responsibility, and your contribution to the company. As employers desire capable candidates, showing your ability can put you at a better position in the interview.

    Besides promoting yourself, you can also express your outlook about the company, and your passion of growth. This can also underscore your ambition, which is also the quality that companies desire to see in candidates. In this way, the flow of the conversation will be around your advantages, instead of your history in the current company.

    How to handle if the employer says “NO”

    The rejection may sound daunting to you. However, according to Pynchon[2], a negotiation does not really start until someone says no.

    She explained: “It’s not really a negotiation if we’re asking for something we know our bargaining partner also wants. Negotiation is a conversation whose goal is to reach an agreement with someone whose interests are not perfectly aligned with yours.”

    Therefore, other than feeling sorry for yourself, you should rather be glad that you get a clearer picture about what your employer wants. At the same time, your employer also understands your requirement better.

    If your current suggestion is higher than what the company is going to pay, you may lower your term in the negotiation which you still comfortable with, and see if the company still rejects.

    Try to reach a common ground with your employer.

    If the employer still refuses to compromise, despite asking for a raise in salary, you may change the battlefield from the salary raise to other benefits, such as traveling compensation or vacation days. These all are matters that you can also bring up to the table and negotiate.

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    Do not accept the offer too soon

    If you are landed with an offer, congratulations!

    Meanwhile you should still remain your cautiousness. You should not accept the offer too soon. A lot of people are shy to hold on the offer, as they are scared their employers may pull back the offer.

    However, most of the time, as affirmed by Chase the career couch, employers don’t do this when they have already spent so much efforts on negotiating with you.

    Accepting the offer too soon may cost your opportunity to negotiate better terms. Despite the offer itself, some details can still be negotiated, such as the salary, the bonus, or other benefits. These all have room to be negotiated.

    After the interview

    Reevaluate your offer

    Following the discussion above, you need not accept the offer immediately. Instead, you can ask for more time for consideration. You can ask the employer: “I’m thrilled you want to hire me. Could you just give me a couple of days to think about it?” If the company values you, it will be happy to allow you time to think about.

    When you are considering the offer, salary should not be the only determiner. Besides salary, there are also other factors that are worth consideration.

    These 7 things, as suggested by PayScale, are things that are also worth your consideration.

    1. Vacation time
    2. The skills you may learn in the company
    3. Exercise
    4. Traveling compensation
    5. Clothing allowance
    6. Means of telecommunication
    7. Access to the company’s product or service

    These important factors also have huge influence on whether you will be happy in that company, thus worth of your serious reevaluation.

    Show your excitement no matter you’re ok with the salary or not

    After receiving the offer, you should first express your appreciation of the company’s decision to hire you. But don’t make it like you really need the job to survive. Instead you should show them how excited you are to contribute for the company and achieve your career goal with them. They will be able to feel your passion and eager to work with you soon.

    Only after this you can reveal your stance whether you’re fine with the salary they offer or not. Now, since the company has acknowledged your appreciation, they will be inclined to accept the terms you suggest.

    Reference

    More by this author

    Chris Cheung

    Editorial Intern, Lifehack

    How to Spot out True Friends in a World Full of Fake People I Nailed Every Job Interview by Understanding the Intention Behind Each Question What Are 4 Core Leadership Theories And How To Apply At Work Why You’re Not Incapable, You’re Just Burning Out How To Negotiate Salary Skilfully Without Being Pushy

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    Last Updated on October 18, 2018

    10 Key Characteristics of a Highly Successful Entrepreneur

    10 Key Characteristics of a Highly Successful Entrepreneur

    When it comes to starting your own business and pursuing your dream of becoming an entrepreneur, it can be advantageous to go all in and embrace the flexibility of finally quitting your day job.

    Keep in mind, though, that it takes a special kind of person to take the business world by storm: a person who has cultivated the key characteristics of entrepreneurial success.

    People with these characteristics are likely to succeed, whereas people without them have difficulty moving forward with even the most brilliant business ideas.

    These characteristics of an entrepreneur are so important that I’ve decided to cover all 10 of them in detail so that you can start your business with your best foot forward.

    1. Successful Entrepreneurs Practice Discipline

    Plenty of business experts claim that you can’t get anywhere as an entrepreneur without vision or creativity, but that’s simply not the truth. Instead, the one quality that no entrepreneur can be successful without is discipline.

    To build an idea into a business, you have to have the discipline to spend time slogging through the least fun parts of running a business (like the bookkeeping), rather than taking that time to do something fun.

    Andrew Carnegie, one of the most financially successful Americans of all time, grew up working dull and difficult jobs in factories. Despite going to bed hungry some nights, he continued doing his best work. He was eventually hired by a railroad company and continued to move up the ladder until starting his own successful businesses. Carnegie is a fine example of an entrepreneur dedicated to discipline and hard work. He truly earned his dreams of prosperity and success.

    When you’re the boss, there’s no one to keep you at work except yourself — and there’s no short-term consequences for skipping out early.

    Sure, if an entrepreneur plays hooky enough he knows that the business just won’t happen, but it’s very hard to convince someone that ‘just this once’ won’t hurt (and to keep ‘just this once’ from becoming a daily occurrence).

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    2. Successful Entrepreneurs Keep Calm

    Things go wrong when you run your own business.

    Most entrepreneurs go through crises with their businesses — and more than a few wind up with outright failures on their hands. But when you’re responsible for a business, you have to be able to keep calm in any situation. Any other reaction — whether you lose your temper or get flustered — compounds the problem.

    Instead, a good entrepreneur must have the ability to keep his cool in an emergency or crisis. It may not make the problem easier to solve, but it certainly won’t make it harder.

    Honestly, losing your calm is a quick path to becoming the kind of person who gives up in the face of adversity. Instead giving in to frustration, remember classic entrepreneur Benjamin Franklin.

    Franklin kept his calm as he experimented and tweaked his inventions again and again in pursuit of success. He didn’t give up during his many failures – he chose to innovate. You can choose innovation, too.

    If an entrepreneur can handle failure without frustration or anger, s/he can move past it to find success.

    3. Successful Entrepreneurs Pay Attention to Details

    Restricting your attention to the big picture can be even more problematic than ‘sweating the small stuff.’

    As an entrepreneur, unless venture capital has magically dropped out of the sky, a small expense can be a killer. It’s attention to detail that can make a small business successful when it has competition and it’s attention to detail that can keep costs down.

    Attention to detail can be difficult to maintain — going over ledgers can be tedious even when you aren’t trying to pay close attention — but keeping your eye on a long-term vision is just asking for a problem to sneak in under a radar.

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    After a business grows, an entrepreneur might be able to hire someone to worry about the details. In the beginning, though, only one person can take responsibility for the details.

    Skeptical about the importance of details? Look no further than Howard Schultz, who grew a small coffee shop called Starbucks into one of the most globally successful coffee businesses in the world through his extreme attention to detail.

    He is famous for taking all aspects of growing a business into account, paying attention not only to financially smart business decisions, but also focusing on socially responsible business decisions. Details can take you far.

    4. Successful Entrepreneurs Embrace Risks

    No entrepreneur has a sure thing, no matter how much money s/he stands to earn on a given product. Even if a product tests well, the market can change, the warehouse can burn down and a whole slew of other misfortune can befall a small business.

    It’s absolutely risky to run a business of your own and while you can get some insurance, it’s not like most investment options. Even worse, if something does go wrong, it’s the entrepreneur’s responsibility — no matter the actual cause. In order to deal with all of that without developing an ulcer, you have to have a good tolerance for risk.

    You don’t need to channel your inner frat boy and take on absolutely stupid risks, but you need to know just how much you can afford to risk — and get a good idea of how likely you are to lose it. If the numbers make you uncomfortable, the risk is too great.

    Embracing risks is essential for growth and additional success, as well. Walt Disney, for example, could have stayed comfortable with his advances in the film and animation industries, but decided to expand his brand with a new dream: a theme park that soared above the competition. Without taking this risk, the incredibly successful Disney theme park empire would never have come about.

    An entrepreneur has to be willing to accept pretty big risks, with some level of comfort.

    5. Successful Entrepreneurs are Balanced

    You can take any characteristic too far. There’s a point at which attention to detail can become obsession or calm can become unemotional response.

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    As an entrepreneur, you have to be able to balance your characteristics, getting the most of them without going over the edge. But balance for an entrepreneur goes far beyond keeping your characteristics in check, though.

    Just as an entrepreneur doesn’t have a boss to keep them at work when necessary, they don’t have one to send them home when they’re done. If you are working for yourself, you have to decide how to balance your work and home life — and if you have a day job to add into the equation, balance just gets more complicated.

    Oprah Winfrey, one of the most successful and influential entrepreneurs out there, understands the importance of balance. Winfrey has a lot going on; she runs her own media kingdom, acts, produces films, publishes print, and more. In an interview with Fast Company,[1] she talks about her efforts to balance priorities and self care, saying that she must ask herself what is truly important in each limited day.

    You may or may not have as much on your plate as Oprah, but learning how to balance whatever you have going on in life will certainly help you farther along down the road as you learn to be a great entrepreneur.

    6. Successful Entrepreneurs are Passionate and Motivated

    In order to develop any of the above characteristics, you must have a foundation of passion. Staying disciplined day after day during the building of your business takes unrivaled motivation.

    Before you start any business, ask yourself if you can sustain true excitement about your idea during even the darkest days ahead of you. If the answer is yes, then good for you! Nurture your natural motivation by taking these action steps throughout your business journey:

    • Commit to making short and long-term goals. Check in with them often to stay on task.
    • Have a plan in place for the inevitable days when you feel discouraged. Make a list of things that will help keep you motivated and focused.
    • Share your ideas with trusted individuals who are just as excited as you are. They will help keep your enthusiasm rolling even when you are feeling down.

    By being prepared for apathetic days and holding fast to your authentic passion, you can actually enjoy your journey to success.

    7. Successful Entrepreneurs Adapt

    Remember this one word: flexibility. Seasoned entrepreneurs know that change is not only a part of life, but also a part of the business world. Expect change and choose to adapt.

    As a new entrepreneur, it will be tempting to cling to your original business plan with no exceptions, even if you notice it isn’t working. Good entrepreneurs know that it’s okay to make smart, informed changes in order to ensure efficiency.

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    8. Successful Entrepreneurs are Marketing and Sales Experts

    No matter what kind of business you are starting, a knowledge of marketing and sales will save you many headaches. A passion for creating a beautiful handmade lifestyle product is not enough to run a successful lifestyle brand; it is critical that you understand key business principles in addition to your natural skills or great product line.

    Not sure how to start? Taking business courses is a great idea, but you can also easily brush up on sales and marketing through free online resources. Check out these 10 Sales Skills Everyone Should Master To Be Successful to begin now.

    9. Successful Entrepreneurs Have Strong Money Management

    Along with sales and marketing skills, money management is a very useful tool in the box of the entrepreneur. Understanding how to best manage your money can be the difference between early success and early failure in the business world.

    If money management isn’t your strongest skill, prepare to hire a financial expert to help you with any tricky business that comes up. Financial guidance and knowledge is never a bad idea.

    10. Successful Entrepreneurs Ask Questions and Continually Improve

    Pride is a natural human quality, but it’s important to humbly conduct some constructive criticism every now and again on both yourself as a leader and your new business as a whole.

    Assess how things are going and be willing to make positive changes if necessary. Here’re 15 ways to cultivate lifelong learning.

    If you are always improving, then how can you ultimately fail?

    The Bottom Line

    Let me remind you of one important fact: the qualities of an entrepreneur listed here are not exclusively available to some people and elusive to others.

    Although some people may have natural strengths and weaknesses, these qualities can be learned by anyone interested in taking up the entrepreneurial challenge. It might not be easy to change old habits, but it is absolutely possible to cultivate these characteristics in yourself.

    Whether you’re a business owner or an aspiring entrepreneur, with hard work, you can train yourself to develop the qualities that truly determine the entrepreneurial spirit and future success.

    Featured photo credit: Unsplash via unsplash.com

    Reference

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