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salary negotiation process by Abhishek Gupta, lead Recruitment, Vodafone

salary negotiation process

By : Abhishek Gupta, lead Recruitment, Vodafone
Functional Area : Talent Management
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salary negotiation process

Activity:  2 comments  101 views  last activity : 02 20 2011 13:45:05 +0000
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Pay packages differs depending on the industry standards set for different positions. You should be fully prepared before you start your negotiation process. Here is a list of some salary negotiation tips that will help you in achieving the best deal:
  • Begin the salary negotiation process only after receiving the formal offer from the company.

  • Do some research and properly evaluate the job profile and the offered pay packages in the market before you start your final negotiation process.

  • Don't lie about your previous pay package or salary.

  • When you are negotiating don't forget to negotiate about the entire offer including performance bonus and other benefits and not only the salary part.
  • It will ultimately raise your overall remuneration as expected.

  • Your appearance and mannerism also influences your salary negotiation success rate.

  • Know your limits and always be aware of the things that are not negotiable and try to avoid those parts that will only lead to friction. Be clear and straight forward.

  • Most importantly, know about your strengths and your worth on the basis of an anecdotal information about how people having similar qualification like you are generally paid in the market. Your extra skills that you feel are important to the position will give you an extra edge.

  • Try to examine your own as well as the needs of the company. It will help you in selecting the right pay package that aptly suits your needs and qualification.

  • Exploring alternatives will help you in creating several options that satisfy everyone's needs and interests.

  • Last but not the least, focus entirely on your objective criteria and your goal. If you have the winning tendency it will create problems in the salary negotiation process.
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    2 comments on "salary negotiation process"
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      Commented by  Abhishek Gupta, lead Recruitment, Vodafone    | 02 20 2011 13:45:05 +0000 
    ?
      Commented by  Kishore R, Director, Rajpurohit Consulting Services    | 02 18 2011 08:08:12 +0000 
    Thanks for sharing
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