How to deal with salary negotiation?

This is like a football match, where you want to score your goal but the HR representative is the goalie and annoyingly a great goalie! But with the right practice, you definitely can score that goal. Now that this metaphor has entertained your brain, let’s get to the process of dissecting the ‘how’

How to answer, What is your expectation?

This is the end part of the interview, so have this answer prepared. There is the universal rule of going a little higher than your real expectations and come to the middle-ground (which was your ground from the very beginning). Start your answer by answering the why? say if you are switching companies and while answering what your expected salary is from this new company start by saying; I have xyz years of experience, I have grown in terms of understanding the role, I can make great changes with this opportunity, so I would like to be financially secure with all those responsibilities and focus on doing the best at my job. EVERY PERSON switching jobs is looking for a salary hike, so don’t be guilty or unsure. Be confident and communicate with a reasonable explanation.

How to make sure that the quoted number is not absurd?

Quote a below 40% hike, If it’s the same role, same city but a different company. You can always go a little higher than that if you are moving to a new city and back up that expectation in terms of how expensive this new city can be. If you live in a city like Meerut, Lucknow, Surat, Kochi and you are moving to a cosmopolitan city like Mumbai, Delhi, Bangalore you can definitely state the obvious standard of living difference and justify your expectation based on that. Also, ask the interviewer after stating your expectations about their budgets for the role and get some clarity on how much they can negotiate.

When to follow up?

Give it a week, and then draft a mail stating your intention of joining the company, and that you would love to discuss the possibility. If it is a multi-national organization Or a company with a workforce of thousands, the call-backs tend to take more time compared to a company smaller in size. So be patient and follow up accordingly.

When to react to the final offer?

The most awaited mail in the entire process of job-hunt. The offer letter email, We want to be optimistic here and we hope you see the desired number in that email. Let the excitement settle down, if you see any scope of revision in the package break-up, communicate it. Ask for at least 2 days to get back with your confirmation on joining the company. Evaluate the expenses and revisit all the possible calculations, Be selfish here. We at Shrofile, believe that the job switch should come with some kind of life upgrade, so analyze it, and then give your confirmation. If at all, you don’t agree with the offer, be formal in declining the offer. Draft a regret mail, politely addressing the issue, and leave a scope of future opportunities open.

Be confident and reasonable throughout the discussion and remember that the goalie will do their best, but you have to be the best soccer player and make that goal happen. We wish you the best for the same, and for more tips follow us for all things career.

https://www.shrofile.com/

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