OCT 13 , 2024

6 TIPS FOR MASTERING SALARY NEGOTIATION

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Research market and  know your worth

Use tools like salary calculators, industry reports, and networking conversations to get a sense of what people in similar roles are earning.

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Timing can often be the make-or-break factor

A good rule of thumb is to wait until the employer is clearly interested in your skills and experience before discussing salary.

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Adopting smart strategies such as Anchoring 

Specific strategies such as anchoring, counteroffers, and bundling etc. help you secure the best possible outcome in your negotiation.

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Discussing with Confidence, Poise and Professionalism

Before the negotiation, practice your key talking points with a friend or mentor. Visualise the conversation and rehearse how you'll respond to different scenarios.

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Gracefully handling a "no" & turning it into opportunity

Not every salary negotiation will go your way. While this can be disappointing, your openness to collaboration and compromise keeps the door open for future negotiations.

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Ensuring clarity and follow-through

Make sure to confirm the salary, benefits, and any other compensation-related details in writing, either through an email or in the official offer letter.

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