Negotiating - Salary


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l5a   
Member since: Jan 05
Posts: 219
Location: Mississauga

Post ID: #PID Posted on: 21-03-06 17:58:59

As such "negotiating" resides in our blood. I remember those days as a kid, going to "market" with mom or shopping with dad and negotiation over onion or shoes or any serivces.

But it's a whole new world when it comes to salary negotiation. Same concept, but different audience.

I want to know how our desi's go about negotiation over salary. I hav'nt done any salary negotiation or looked for a job in a while.

Honestly, I feel a bit uncomfortable. I even end up disclosing my current compensation package (Yea, I understand, that's bad)

Assuming, the direct question like "your expected salary" or " what's your current compensation", etc. How to handel those?
Any hints on how-to's of salary negotiation ?



tamilkuravan   
Member since: Jun 05
Posts: 5775
Location: God's own country

Post ID: #PID Posted on: 21-03-06 18:15:55

Hello,
I am not an IT professional and our field is very competitive and this is how i do it.
First of all, you earn a salary and you have in your mind what you need. For example if you earn 30K and you are happy with your office , then your expected salary can be around 40K. OTOH, if you are unhappy with your job and want to leave the company at all costs , then even around 32 K can be your salary expectation.
Once, you go to the company and you find that the company is big, then your salary asking should be greater than what you expected when you cane for the interview. OTOH, if it is a one man office and you still like the company then your salary asking should be around your expectation.
Remember most employeers will ask you the salary and once you tell it will reduce a bit. if you ask 40K, maybe they will say taht your position warrents only 35K. if you ask 45K, then they will say 40K. It is a game. You need to study your interviewer. In Canada, since the job market is tight, you have to be very very careful. if you offend them or ask them too much, they may not employ you. it is a 2 edge sword.
If the salary you ask is low, you can ask about, the extra's that the company will give or if they can pay you in cash, how often they will review your salary etc..
Skills for change always tells you to ask a range like 50-60K. They donot recommend you to ask specifically. This will apply to large firms mostly (IT probably) but it is up to you.
So your field of profession , the company that interviews you and their desperation decides your salary.
TK


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I am a Gents and not a Ladies.


Magcanada   
Member since: Oct 05
Posts: 60
Location: Mississuauga, Brampton

Post ID: #PID Posted on: 21-03-06 19:42:25

HI L5A ....

Salary negotiation is a dance between you and the prospective employer; you should watch your prospective employer step and you have to dance accordingly.

If your employer is going one step backward, you should go two steps forward. Do not jump many steps forward or backward at a time.

Never quote your expected salary to your prospective employer first. Whoever is quoting first is the looser in general.

Start with regarding salary topic generally like this; I am not a very good negotiator but I am too good in Technical or whatever.

Then if the interviewer is very specific about your quote, Say I have these …..many years experience in India or what ever country you are from and ….. these many years experience in Canada, and I want to know from you, the salary that your organization going to offer to me based on my experience and education.

If he is not giving you the quote, then you tell him you will go with his company salary and you wish to know that number across the table so that you can take a decision.

Then He will give you one figure, then you start the dance from there... never be in a rush to finalize the number, try keep the discussion open as much as possible. Try to buy time from your prospective employer.

If you are a Professional Engineer, Check with OPE salary survey then quote that number ….. Remember do not forget to negotiate your vacations (three, four or five weeks) and other benefits including bonous, stock options etc.

I wish to know your profession then I could discuss more; if you are finding interest on these suggestions.

Good Luck


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mag


Manasvi   
Member since: Sep 03
Posts: 733
Location: Bahrain

Post ID: #PID Posted on: 22-03-06 01:33:50

Thanks , invaluable advice .

:clap:

Manasvi.





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