3 Salary Negotiating mistakes

Negotiate Salary, but don’t appear GREEDY!!

Read on the 3 Salary Negotiating mistakes

Candidates have the biggest fear of being perceived as Greedy while negotiating salary with the Hiring Managers

Worst case scenario: Offending Hiring Managers may cause them to rescind your offer.

Best case scenario: You might get a bump in salary and walk away with a win-win situation.

Here are the ways to avoid the Worst case scenario:

1. Asking for More than Industry Standard

First & Foremost thing is to do a salary research before pitching. It is essential to look what folks in your position make at other companies.

If you are asking a price which is far beyond then, you may come off greedy.

Another key thing you should take into consideration and research is how much your boss makes. If you are asking for more than even the manager makes, you may seem unreasonable. Unless you want to make your boss’s eyes pop, research your boss’ salary too.

It’s a good idea to learn as much as you can about the financial health of the company, if you can.  Make sure the salary you are requesting will not financially harm the company and you can account for it in a return on investment for the value you produce. If you can make a strong case about the value you will add to the company, you won't seem greedy.

2. Negotiate Successfully, then Come Back to Ask for More

This is the major point why many prospective candidates actually lose job offers.

If you did negotiate and you did get more pay or benefits and then decided you should have asked for even more is the worst situation. You negotiated. You were successful but you were unprepared to know what to get. Wait at least six months before you go to bat again. This truly is the one time companies will ding you for negotiating.

One good rule of thumb: Try not to keep asking for more repeatedly, coming back three times irritates many managers. They may agree to the raise but could also conclude the employee is dissatisfied, will probably leave and consider their alternative structures.

3. Not Sticking With Your Initial Word

People should not negotiate unless they are prepared to walk away from the negotiation. If you ask for way more than they offered get turned down and then decide that you’ll take what you can get, you’ll come off as flighty and unsatisfied.

Consider keeping your negotiation flexible. Offer options. For instance, if you can’t offer a bump in the base pay, perhaps you can consider raising the bonus limit? Or could you allow me to work from home on Fridays to compensate for a salary below market value? Whatever floats your boat!