{"id":8399,"date":"2008-12-07T10:56:02","date_gmt":"2008-12-07T16:56:02","guid":{"rendered":"http:\/\/magic1host.com\/blog\/2008\/12\/07\/know-your-value-before-salary-negotiating\/"},"modified":"2008-12-07T10:56:02","modified_gmt":"2008-12-07T16:56:02","slug":"know-your-value-before-salary-negotiating","status":"publish","type":"post","link":"https:\/\/magic1host.com\/blog\/?p=8399","title":{"rendered":"Know Your Value Before Salary Negotiating"},"content":{"rendered":"
by Trevor Davide Grant<\/div>\n

In advance of salary negotiation, it is imperative for you to know exactly what your salary value is. If you do not know how much you are worth before negotiating salary, then you will find it very difficult to ask for a salary that matches what the job market will pay.<\/p>\n

Without doing your legwork, your employer will probably suggest an increase that you find disappointing. While people around the world negotiate salary every day, not many of them are able to get the most out of salary negotiation!<\/p>\n

Doing extensive research before you approach your boss for a pay increase or before you discuss salary negotiation at job offer time, is an imperative. It is like a game of chess. You cannot reveal to your opponent what your next move will be. Likewise, you do not want to reveal your salary history if you can avoid it, and don’t discuss salary too early.<\/p>\n

Know how much compensation you can command before you ever discuss salary negotiation with an employer.<\/p>\n

Whether you are looking for new employment or you are asking for a pay raise, do your research first. There are great Internet resources available, like SalaryExpert.com or Monster.com. These sites have continual access to all the salary information that is available. <\/p>\n

It is important for you to know the the accuracy of the source of the salary market information. If a website is reporting pay scales as reported by their list of members, it may not be as current as if the salaries are reported by the HR departments of the companies in that job market.<\/p>\n

Another method, if you are a little intrepid, is to do a bit of discreet research. If you know people who work for the firm, and are not fearful of asking direct questions, you may well find find out what other staff are earning in the same job for that business. <\/p>\n

The best source of information is a trusted friend who works in HR. You may find out that the company pays well, or you may find out that they are cheap. Any way you can find accurate information will be helpful.<\/p>\n

There are many firms that do research into the human resources data for a particular job market. These firms publish very expensive reports that are only disclosed to inside subscribers. If you are able to gain access to one of these reports in a lawful way, then you may just find you have a wealth of information, that is even more valuble than asking a friend.<\/p>\n

Next, salaries ranges are often reported based on percentages. A business systems analyst salary range may be from $50,000-$90,000 for a given region, but the reporting will be based on 0-25%, 25-50%, 50-75% and 75-100%. <\/p>\n

In order to determine where you lie in the salary range, you need to figure out your percentile. This is the measure to which you believe in yourself and your abilities, combined with your tenure, experience and proven status on the job. If you feel you are honestly a high performance employee, give yourself a higher rating. If you know you have less experience or you are new to a job, then rate a little lower. Be honest in your self assessment.<\/p>\n

You will find valuable feedback from a colleage you like or even better, ask someone in a similar company what that salary range demands in terms of skills and experience.<\/p>\n

You must be able to express the value you bring to the business in terms that employers really like to hear. If you are able to describe your value in quantifiable terms, then you will have a lot stronger arguement. Think about cost savings, profits you’ve been responsible for and efficiency you may have brought to the business. This is the greatest way to communicate your worth when negotiating salary.<\/p>\n

To your salary negotiation success.<\/p>\n

\n
About the Author:<\/div>\n
Trevor Davide Grant is a IT manager in the IT field and has extensive experience in salary negotiation<\/a>. Trevor has worked for large telecom, power utililties, software consulting, and a prominent social network. He has learned how to negotiate a salary in the most effective way. Learn great tips on the topic of salary negotiating at www.HowToNegotiateASalary.com<\/a>.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

In advance of salary negotiation, it is imperative for you to know exactly what your salary value is. If you do not know how much you are worth before negotiating salary, then you will find it very difficult to ask for a salary that matches what the job market will pay.<\/p>\n","protected":false},"author":2568,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[81],"class_list":["post-8399","post","type-post","status-publish","format-standard","hentry","category-careers","tag-careers"],"_links":{"self":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/8399","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/2568"}],"replies":[{"embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8399"}],"version-history":[{"count":0,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/8399\/revisions"}],"wp:attachment":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}