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Topic : Conducting Effective Negotiations
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Industry : Human Resources (HR) Consulting
Functional Area : Talent Management
Activity: Question posted: 06 11 2008 14:27:16 +0000, 9 answers, 508 views, last activity 07 06 2010 20:18:08 +0000
 
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Performance & Dedication Nothing else is required , in Some companies chamchagiri is also required.



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by   Abhishek Tiwari, Team Lead | Web Servers | Network  | 07 31 2008 06:38:59 +0000
  Answered by     Deepak Bhargava, Team Manager, DELL International  | 07 30 2008 23:19:08 +0000
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you can read the article on salary negotiaiton from the below site:

http://career-advice.monster.com/salary-negotiation/Top-10-Tips-for-Salary-Negotiations/home.aspx

  Answered by     Manohar Mattu, Deputy Manager Documentation, Ship Building Centre  | 07 30 2008 08:09:42 +0000
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These factors will help.

1, Qualifications

2. Experience in the job

3. Holding of any post (analogus)

4. Ability to negociate.

5. Right age & right personality for the job.

5. Ability to take on challenging & innovative tasks connected with your job being offered.

 

 

 

 

 

 

  Answered by     Darpan Sinha, Tech Architect, Royal Bank of Scotland  | 07 30 2008 03:26:30 +0000
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1)Current salary

2)offer in hand

3)need of the employer

4)your exp

5) your IV

  Answered by     Gogineni Kalyaan Kumar, Head/VP/GM-Marketing Quads IT Solutions Pvt Ltd  | 06 22 2008 06:19:43 +0000
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salary negotiations can happen if the job seeker is confident about his delivery. job givers normally can find out the weakness about a job seeker due to their experience of dealing with people along the business running.

 job seeker

  1. should clearly know what he can provide value to the joining company
  2. should show past experience as a reference
  3. should talk within limits and under promise and over deliver for better recognition

  Answered by     Nipoon Tandon, Associate Manager HR Shared Service, Control Components Inc  | 06 21 2008 00:44:36 +0000
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Sir,

 I agree to what Jaygopal and Rohit says... Its true as per industry standards hike is based on ur current compensation which could be 25% - 40% but sometimes it also depends on the salary range of the job grade you have applied for.. 

  Answered by     Jaygopal Raghavan, Marketing Manager, Landmark Group  | 06 18 2008 06:08:05 +0000
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Depends which side of the table you are in:

If you are the recruiter, you need to have a tab on the existing salary structures in the industry for a similar post and see how far ahead or behind you are. You also have to factor in the experience and abilities of the candidate. For eg. if you are trying to fill a research post and the candidate is exceptionally talented, then you should be prepared to shell out a few extra bucks to get him/her.

If you are the candidate, then you have to still know the industry standards the post carries, then you have to factor in the deperation of the recruiter to get you specially in top management posts. Look at the growth prospects that the company is offering for eg., if it is in a bank or hotel industry where growth is usually slow - then bargain for more initially.

Basically one needs to go with the situation and mood of the candidate / recruiter on the spot. Dont have preset notions of demanding or granting x amount of money as that will not help either case.

 

 

  Answered by     Rohit Mittal, Director Business Development, Port Indigo  | 06 11 2008 23:50:43 +0000
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Salary Negotiations are a tough situation to handle. The general industry standard is 25% - 40% increment on the existing package. But the other factors that come into play are

1.Position applied for

2.Depth of knowledge about your role and how effectively you have showcased that during the interview.

3.Any other offers in hand

4.Achievements and referrals

5.Future growth prospects

And last but not the least, PMA (Positive mental attitude)

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one of the factor could be: Jot down/tabulate your each and every achievement and your aspiration/future value addition w.r.t. the short term goals of company/division. You can document these preparation for your reference in live session in negotiation.

 
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