Hi Anon,
It's never easy to negotiate for a higher salary, much less during a difficult time like this due to Covid-19 where companies will have to monitor their expenses and costs more closely.
Maybe before asking for higher pay, it's more important to first think about making a solid case for it. How are you planning to sell yourself to your new employer? What are some skills and knowledge you have that makes you stand out from the crowd or from another candidate fighting for the same job position?
1. Do a good amount of research
Before you come up with your ideal salary figure, make some calculations and do some research on what is a more appropriate figure based on your level of experience so that you can back up why you deserve the pay you desire. It is important to know your market value first before entering a negotiation.
2. Know your value to the company
Your value to the company goes far beyond the position you're applying for. Consider preparing for a question on how you can value-add the company and be able to explain why. When you make a convincing and justifiable case, it makes it easier to make your request warranted.
3. Strike a good balance between firm and being flexible
While it is important to be firm to what you want, a salary negotiation may turn ugly if you refuse to give any room for discussion. Be prepared to go back-and-forth during negotiations but aim to reach a compromise.
The economy is not looking great and it's likely that we'll face an economic recession. Jobs will be cut across various industries and some businesses may not be able to pull through before the situation with Covid-19 gets better. To decide whether to stick to the current job or change to another, consider how much of what you want can be met. If not, there is always the safer option of staying at your current job for now.
Hi Anon,
It's never easy to negotiate for a higher salary, much less during a difficult time like this due to Covid-19 where companies will have to monitor their expenses and costs more closely.
Maybe before asking for higher pay, it's more important to first think about making a solid case for it. How are you planning to sell yourself to your new employer? What are some skills and knowledge you have that makes you stand out from the crowd or from another candidate fighting for the same job position?
1. Do a good amount of research
Before you come up with your ideal salary figure, make some calculations and do some research on what is a more appropriate figure based on your level of experience so that you can back up why you deserve the pay you desire. It is important to know your market value first before entering a negotiation.
2. Know your value to the company
Your value to the company goes far beyond the position you're applying for. Consider preparing for a question on how you can value-add the company and be able to explain why. When you make a convincing and justifiable case, it makes it easier to make your request warranted.
3. Strike a good balance between firm and being flexible
While it is important to be firm to what you want, a salary negotiation may turn ugly if you refuse to give any room for discussion. Be prepared to go back-and-forth during negotiations but aim to reach a compromise.
The economy is not looking great and it's likely that we'll face an economic recession. Jobs will be cut across various industries and some businesses may not be able to pull through before the situation with Covid-19 gets better. To decide whether to stick to the current job or change to another, consider how much of what you want can be met. If not, there is always the safer option of staying at your current job for now.