Negotiating like a pro: What are some ways to negotiate a higher salary?

Dear Trendsetter,

How are you doing today? Trust you are goooddddddd.

Here is another letter from me to you,?here we are addressing the elephant in the room lol. I have gotten many questions on how to negotiate salaries in job interviews and so on. Trust me now, I am here to provide to serve you hot and spicy, winks.

Please do well to like, comment, and share this newsletter with friends, family, and everyone you know. Help me help you, Winks. You know when you engage with the letters, we get better visibility and more people get to see our letters, Please e hear lol. T for Thanks.

Let's dive in.

The most effective pay bargaining strategy cannot be learned in a day, a week, or even a month.

Build your expertise: If you are good enough, you can justify any salary. You will always have leverage in any discussion. Make yourself indispensable (Be extremely valuable). Like in Godfather the movie, make the recruiter "an offer he/she can't refuse".Apart from that, other tips that might come in handy are:

• Confidence:?Salary negotiation is a game of?Chicken. The first one to reveal the slightest hint of weakness loses.
• A well-crafted resume: There is always a more powerful method to present the same set of skills and accomplishments. Therefore, be sure that your CV accurately and completely summarizes your accomplishments.
• Having knowledge of the company and the sector: Many times, people don't sufficiently investigate the company to which they are applying. They are therefore frequently blindsided by inquiries like "What is your perspective on the company's most recent strategic move" or "How do you think you fit within the company's value system." And that is irreconcilable. If you have done your research, you may make a better, more tailored pitch even when such questions are not specifically addressed.
• Knowing yourself:?The interviewer doesn't know you. And you only have a precious few minutes to make them understand. And that is impossible. Unless you practice it first. There is so much you know about yourself that you really have to prune it and make sure that you do not waste your time on incoherent gibberish, on inconsequential details, or getting lost on the way.
• Benchmarking: Calculated based on industry norms, your prior pay, your current ratings, and other factors. More reasons why you should do your research, and network with colleagues. Watch out for the demand and supply of talents in your industry. Read this to know more about benchmarking https://www.indeed.com/career-advice/pay-salary/salary-benchmarks
• Taking into account fringe benefits: If the interviewer won't budge from limit A, which you find unacceptable, try negotiating on fringe benefits. Maybe a higher performance bonus, or greater stock options. This will mostly be the case with start-ups and smaller companies.

Everyone advises "Never go first," which means never be the first to divulge a number. This is really excellent tip that gives you the upper hand if the business can offer you a number first. However, as some of you may already be aware, this isn't always feasible. They keep pressuring you to give a number, but alas, you almost always have to give up.

But what if you could help them while maintaining your advantage? The next time you are required to provide a number, don't do it; instead, provide a range.

Let’s see how the conversation goes:

HR: Mrs. X, What number do you have in mind? I need you to give a number, otherwise, we cannot proceed forward with your application.

You: (and this is how you play a range instead of a number): Well, in top companies like XYZ Corp, someone with the same level of experience and skill set is paid?between $135k and $185k.?(Notice that the upper end of the range is much higher compared to the starting number.)

Notice the difference between your usual way of negotiation and this method?

You did NOT say “I am worth $135k”. Instead, you gave them a range. And this is how it could possibly work to your advantage.

• By giving them a range, you did not come across as a pushy and needy individuals. You just stated a (fact?), that is probably public knowledge.
• When you give them a range, you are giving them something to work on. Whereas, when you give them a number, you give the HR “my way or the highway” vibe - which most probably isn’t going to work to your advantage.
• You have shifted the responsibility?of negotiating salary from you to HR! You gave them a range, and it is up to them to come up with a suitable number within the range. HR would still feel that they are the ones in power, and that’s a VERY good thing.

And the most important reason for giving a range is a psychological one.

When you give them a range,?they would consider the cheapest option.

So suddenly, $135k looks much cheaper compared to $185k, and you might most probably be given an offer of $135k. - Give them a range where the starting number is the salary you expect. Keep the other end of the range much higher than the starting number.

I hope I was able to answer your question this week. Please do not forget to share and tell a friend to subscribe, Okay?

I love you, Keep wining!! You are doing really well.