Career Guidance

Salary Negotiation Common mistakes

Discussing salary at the wrong time in the interview process

Fail to deal intelligently with salary questions and issues by not doing research on salary comparables and employers.

Don’t know how much you’re really worth.

Specify a single salary figure when asked "What are your salary requirements?"

Assume your "qualifications" and "performance" will automatically determine your salary level.

Think salaries are predetermined by employers.

Believe you are indispensable to an employer who will give you substantial raises rather than risk losing you to the competition.

Under-value your worth.

Over-value your worth — maybe even think you are the only choice for the employer.
Think the employer is in the driver’s seat when it comes to negotiating salary.

Approach salary negotiations from a perspective of need or greed rather than as a process of assigning value to your qualifications and promises of performance.

Personalize salary issues by believing a salary is assigned to you rather than to your position. Focus primarily on yourself rather than on the position to which salary is normally assigned.

Fail to compile supports for a negotiating position.

Prematurely discuss salary before acquiring information on the job or before communicating your qualifications to employers.

Don’t know how to close and follow-up the salary negotiation interview.

Forget to calculate benefits as part of the compensation package.

Put too much emphasis on benefits rather than concentrate on the gross salary figure.

Project an image that is not commensurate with the salary being negotiated.

Put too high a price tag on themselves without providing supports to justify the salary figure, such as previous salary history or indicators of performance.

State a specific salary expectation figure on either their resume or in their cover letter.

Negotiate salary and benefits over the telephone.

Too quick to accept employers’ first or second offers.

Don’t know how to use timing as part of establishing your value in the eyes of employers.

Fail to adequately assess the employer’s needs and develop a strategy to meet those needs as well as relate this strategy to your salary requirements.
Fail to raise intelligent salary questions about the job and the employer.

Don’t know how to handle employers’ salary questions or say the wrong things.

Don’t give themselves much room to negotiate.

Don’t know when to leave a job or company for opportunities elsewhere that will pay better.

Try to play "hard to get" when you have little or nothing to leverage.

Lie about your past salary history or alternative salary offers.



Other Related Posts You Might Be Interested In

Don't be the last one on the block to know about the latest employment opportunities. Keep yourself subscribed either by RSS or email below. We will deliver you all the latest news and if you wish you can unsubscribe any time

RSS:    Email:  

Delivered by FeedBurner

Searching for something?

Discussion

No comments for “Salary Negotiation Common mistakes”

Post a comment

 

Partners

Career Options & Higher Studies
|   Music Reviews
|   Banks India
|