No one likes to work for peanuts, be it you or a peer who is working in some other industry. Everyone desires a pay hike. But then how to negotiate for this remuneration hike when you are switching your job? Well, it’s a tricky game that requires the right strategy.
Without further ado, let’s tell you 7 essential tips that will guide you in getting a salary hike during a job switch.
1. Know Your Worth
While entering the interview room, you must always know your worth. It means you should learn to rate your position as per your specific industry and geographical location. The best way to do it is by doing an online search on sites such as Payscale or Glassdoor. Besides that, you can also seek guidance from someone who belongs in the same field.
2. Create A Brag Sheet
Creating a brag sheet can help you to stand out from other candidates who applied for the same job. Basically, it’s a one-page summary that tells exactly how amazing you can be as an employee. Try listing any awards, accomplishments, customer or colleague testimonials from your previous organizations.
3. Be Confident
The moment you enter the interview room or chime into a zoom conversation, your body language reveals everything. So, be confident! Smile and keep your head high after you begin the conversation. When you start off the things with a positive vibe, the interviewer considers you to be a person who handles pressure calmly.
4. Be Polite But Firm
Did not like the offered salary? In such a case, you should be polite while talking to the recruiter. You can probably try out this script:
“ I am extremely excited to work in your organization and I know that I am going to bring a lot of value. I appreciate your offer but I was really expecting it to be INR 5,00,000 per annum as per my expertise and experiences so far. Could we look at a salary of INR 5,00,000 P.A. for this job role?”
5. Focus on The New Skills And Responsibilities
While negotiating a salary for your new job, it’s quite predictable for the recruiter to ask about your current payoff. This situation could be tricky if you are underpaid in your current organization. The best way out is by focussing on the new skills you learnt during the job and how you are willing to use them in the new job.
6. Explain What Difference You Can Create
Always remember to tell the recruiters what difference you can bring to the organization if they hire you. Can you recall that brag sheet that we discussed in point 2? If possible, print a copy of its summarized version for your hiring manager. Tell the employers how you can help them to free up their workload.
7. Avoid Using A Salary Range
If you need a salary of INR 5,00,000 per annum, be sure to use this number only. It’s always a wrong idea to use the word “Between” while negotiating your salary. In simple words, it shouldn’t be like,” I am looking for a salary between 4.5-5 Lakhs per annum.” This thing depicts that you are willing to work for a smaller number too.
Wrapping it up:
Negotiating a salary is an art and there are many ways to do it. First of all, you must know your worth, create a brag sheet according to it, and should be confident enough in telling what difference you can create to the organization. More than that, you should be polite but firm while rejecting an unsuitable salary offer.
Were the above-discussed tips on salary negotiation helpful? We have a few more suggestions that can help you in landing the most suitable job for your profile. Feel free to connect with our career experts.