When it comes to landing your dream job, having a good idea of how much you deserve to earn is critical and should not be overlooked. Everyone is capable of making money as long as they are willing to invest their mind, strength, effort, and energy.
Before you enter the interview room, you should assess your salary expectations and make a compelling case to your potential employer. These pointers will assist you in quoting correctly and without regret.
1. Recognize your worth
Consider how useful you are in achieving the organization’s strategic goals. Can the organization function effectively if your role is declared redundant? Understanding your worth to the company extends far beyond the job you’re applying for.
A “Corporate Communications Manager” with 10 years of experience, a banking background, graphic design, website design, and social media management skills, and fluency in both English and French is clearly worth more than a “Corporate Communications Manager” with only 15 years of experience but none of the above qualities.
Your worth is based on all of the skills you’ve acquired over time. This is why you must consider how it will benefit you in your current position.
2. Compile your information
Employers frequently inquire about your salary expectations when making hiring decisions. You should arm yourself with precise salary estimates for the job, which you can do by speaking with industry professionals.
The good news is that a useful salary insight tool is now available to assist you in your salary research and decision-making. This is Ghana’s first salary insight tool, and it will assist you in quoting a more appropriate figure that reflects both your value and experience.
Backing up your salary request with facts is a good way to leave a lasting impression on your panel. This not only improves your chances, but it also demonstrates that you have done your homework.
3. Aim for a higher salary than you previously earned.
Don’t just call out any number without first looking at your previous salary. When looking for a new job, you should aim to earn more money than you did at your previous job.
Some people make the mistake of accepting the unsatisfactory salary they were previously paid or the offer they are given without negotiating for more. Whatever the case may be, you must demonstrate your worth.
If you’ve ever answered “whatever you give me” to the question about your salary expectations, you’ve made a mistake.
Your value to the company and the intelligence you’ve gathered from your research should guide your salary negotiations.
4. Don’t Limit Yourself to Your Base Salary
Negotiation is a numbers game, but you should expect to bargain for more than just a base salary. Aside from the base salary, there are some benefits that you should consider requesting.
You could, for example, request additional medical, clothing, fuel, and research allowances. What matters to you in a job, aside from a monthly salary, is the question here.
5. Be Confident in Your Negotiations
It goes without saying that projecting confidence throughout the interview process is crucial to securing a good take-home pay. Excessive or frantic body language movements should be avoided, and maintain good eye contact without staring.
Remember to speak boldly but not arrogantly. The goal is to come across as confident and professional at the same time.
Although there is no guarantee that you will earn the highest salary of your life, you should try to negotiate your best salary reasonably and realistically or risk earning low or nothing because you never tried.
You must be able to effectively negotiate in order to succeed in your professional career.