Congratulations on your job offer! Oh wait, the salary being offered falls short of what you were hoping for, so now what? Salary negotiations are unnerving and if not done correctly, job offers can be retracted. When negotiating a salary, the employee and employer should have a shared objective. Employees want a fair compensation package that reflects their market value, and employers want to ensure they are hiring and retaining the best tech talent within a specific salary range. Here are 4 salary negotiation tips from tech recruiters that can help you get through the negotiation process and land your dream role:
1. Negotiate Early
So, when is the best time to negotiate a salary? According to tech recruiters, you have more leverage to negotiate a salary once a job offer has been extended; at this point, it is certain that the employer wants to hire you. However, avoid any negotiation conversations early in the interview process or when you have just received an offer. During the interview, you must focus your energies on finding out more about role and whether you want to work for the employer. Whereas, when you have just received a job offer, you should convey your enthusiasm and express your gratitude first before getting into the details of the salary and other benefits.
2. Be Transparent with your Recruiter
Lay the groundwork for negotiations early on with your recruiter. Be transparent about your salary expectations and use them as a resource to get yourself a valuable compensation package. It’s in the best interest of a recruiter to get you to accept the job offer, giving them every reason to get you a favorable salary range.
3. Know Your Market Value
You can’t get into salary negotiation discussions without researching and understanding your market value. It’s best to always know your numbers. Evaluate common salaries for your role and conduct a thorough research of what the industry offers.
4. Consider All Other Benefits
Always consider your total compensation package. Don’t overlook the additional benefits being offered by your employer. From dental, healthcare to remote work flexibility, some of these benefits could save you time and money and make up for the salary shortfall.
Always remember that when a company makes you an offer, they are interested in you. If the offer is lower than what you expected, don’t feel offended. Convey your appreciation and find a way to initiate salary negotiations before it is too late.