Salary negotiation

[betaleonis]

A bit of background: I've been working for a well-known global company for the last eleven years. I started entry-level, and have been promoted three times -- I'm currently holding a higher-level position, but non-management: I'm being paid at a (higher-than-average) hourly wage.

I just started the process of applying for my next promotion, this time into a salaried management job. I know my chances of landing the job are better than zero, but I don't know how much better (the recruiter told me specifically I seemed highly qualified, but of course she couldn't tell me anything about the competition, if any.)

A couple of points about our corporate culture: for hourly positions such as mine, salary negotiation does not exist. There is a specifically defined wage range for every hourly position in the company. It's our way to help enforce "non-discrimination": all new employees in a specific position start at the same minimum wage, regardless of race, gender, religion, orientation, etc. Any raises are strictly based on job performance (every performance rating, or promotion, earns you a specific percentage raise) -- up to the maximum wage for that position (after which you're not allowed any more raises until the position itself is wage-adjusted for cost of living.)

Management jobs, I'm told, are somewhat different. There is still a minimum and maximum salary for every position -- nobody would be allowed to earn outside of that range. But within that range, I'm told there is some amount of flexibility for negotiation. The possibility was presented to me during my first screening interview today, so I thought I'd ask around for some advice for later, if and when it becomes important.

Assuming I'm offered the job, even moving up to the low end of the range for that job would still be about a 30 percent raise, which would make me ecstatic! Beyond that, though, is there any reason I might want to negotiate up even higher from there? Would negotiation "within limits" look good for my prospects? Or would it instead be better for me to accept the bottom offer (since it's still a significant) and be happy with it?

[KA]

It really depends on your overall circumstances, but once they make you the offer, you can try to negotiate.

As you are saying in your post that you're expecting that what they offer you would be like a 30% raise to what you are making, then may be you can say something like I was hoping to make $..... & depending on what they say, you can make the next move. You can have a look at this salary negotiation example http://www.kmd-solutions.com/salary_...on_example.htm ... Just keep in mind that you need to be decisive in your moves & not to say anything unless you mean it... so I wouldn't say anything like: the minimum I would accept is $..... As this doesn't give you any room to back away & they could withdraw their offer.

[BusinessWriter1979]

If you were changing companies, you'd likely have more room to negotiate -- however you are going from one position to another -- in the SAME company. Keep in mind that they know you are getting a 30% raise. That combined with the fact that they seem to have a rigid structure would make it seem like the risks of pressing the issue are perhaps more than the reward.

If you legitimately believe you deserve more and can back it up -- making a strong case with performance related data and prior accomplishments, etc -- then by all means go ahead, but tread lightly. The last thing you want to do is jeopardize a 30% raise and promotion by pushing for a little more --- This is "making the perfect the enemy of the good." Don't let it happen!

If you're ok with the 30%, then take it and show them what you're capable of. If you perform at a high level, your rating would reflect and subsequent raises would follow, correct?

[sandeshbukate]

There are lots of candidates working in a company and here is a career advice for them because most of them feel the difficulty while doing the negotiations for their salary Click Here to Read Full Article


Thanks & Regards,
Sandesh Bukate

[toddhicks209]

The choice you make should mostly depend on what makes you more comfortable. Whatever you do, don't push it.

[nishagg89333]

How To Negotiate For Your Salary Hike?

There are lots of candidates looking for jobs in Pune and here is a career advice for engineers because most of them feel the difficulty while doing the negotiations for their salary:

1) Prepare yourself at home

As you have been scheduled for an interview prepare about it well in advance so you will come to know about where do you stand and what do you lack. Groom up your technical skills and the way you present them. Also know about the company and the services it provides. This will help you to perform well at the interview and thereby you can demand your pay.

2) Understand your worth

Consider your skill set, experience and knowledge and then know your worth. You can know that by communicating with other colleagues or browsing from the net. Once you are aware about the market value you can ask the same and depending on that you also need to check whether you can calculate your monthly expenses and can pay your bills.

3) Boost up your confidence

Do not hesitate to demand your net worth for all the skills you have as this is not the only company in the world which will pay you or you are not the only employee who will be duty bound for the company. Consider yourself worthy enough and well deserving for whatever you ask.

4) Use the 5 minutes in a better way

In an interview negotiation time is basically for 5 minutes so use it effectively for getting a good pay. Take a deep breath and talk about your previous performance and achievements and how well can be useful for the company in the future if you are hired.

5) Fix your price

After getting to know about the market fix a value for yourself and during the interview do not tell the same value as they may further negotiate you. Ask for a value higher than your fixed value so that you will get the value you want.

There are lots of fresher and engineering jobs in pune all you need to do is follow the above career advice.