| Topic : Conducting Effective Negotiations |
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HR Professionals |
IT Sales and Business Development |
Online Business |
4 more ...|
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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.
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
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
- should clearly know what he can provide value to the joining company
- should show past experience as a reference
- should talk within limits and under promise and over deliver for better recognition
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.
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)
- Create a confidential Career Profile and Resume/C.V. online
- Get advice for planning their career and for marketing of experience and skills
- Maximize awareness of and access to the best career opportunities
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