Salary negotiations are a critical part of the hiring process. While many job-seekers fear initiating negotiations will "rock the boat" and cost them an employment offer, that's not the case. Some employers don't publish salary ranges, so hiring managers and recruiters expect it to come up at some point.

No company will freely offer more money, but most are willing to bargain. Negotiating is the only way you can get the salary you want and deserve.

The Advantages of Negotiation

The most obvious perk is a higher salary. But discussing your salary can pay off even more in the long run. Many companies offer annual raises based on a percentage of your salary. If you start with higher pay, your raises will be more significant in the long term.

Negotiating can also lead to better job satisfaction. You know your skills and what you bring to the table. Successful collaboration can help you feel more confident in your worth, especially when employers meet your salary expectations.

How to Start Salary Negotiations

This conversation can occur at any time during the hiring process. It may begin during your first interview or after you get a job offer. Typically, it's best to wait for the latter scenario. You have more leverage after getting an offer. Hiring managers have invested substantial time into considering your candidacy, and you may be one of only two or three people in the running.

Before you get to that stage, do your research. Investigate similar salaries at competitors, and look for averages for your industry. The more you prepare, the better equipped you are to make a counteroffer.

When it's time to negotiate, open the door by asking if there's flexibility in the figure they offer. Even if they say no, there could be wiggle room with sign-on bonuses and benefits.

Speak confidently and reiterate your interest in the role. Remember that negotiations are a collaborative effort. Avoid placing ultimatums or approaching the discussion with any ounce of aggression. Keep calm and work with the hiring manager. Remind them of what you have to bring to the table and keep things professional.

Author Resource:-

Emily Clarke writes about tech, online jobs, internship jobs and more. You can find her thoughts at internship jobs blog.