3 Tips for Effective Salary Negotiation

Whether you are a fresher IT graduate applying for your first job or are an experienced IT professional planning for a job change, salary negotiation is definitely on your mind as a top priority.

A majority of you may feel hesitant about negotiating your salary with your employer but the good news is that most IT employers have a flexible budget and often allow for salary negotiation.

After all, the candidates who fit in well with the company culture and are the best match for the current IT openings are in a favourable position to negotiate the offered pay package and ask for a higher salary.

As per the recent statistics, as many as 40% of the employees did not negotiate their salary packages and accepted the salary that was initially offered to them. On the other hand, 17% of those who negotiated their salaries got more money for the same position.

If you don’t ask, the answer will always be a no! It is definitely worth negotiating your salary as there are high chances of you getting a raise. In this blog, we plan to share 3 simple, yet effective tips for successful salary negotiation during an IT job interview process:

1. Do Your Research – Requesting an unusually high salary raise when you lack certain required IT skills can make the recruiters question your qualifications and reduce your likelihood of getting the IT job.It is wise to spend time doing thorough market research and calculating your true market value to be in the best position to negotiate your salary as per the current industry standards.

   The popular IT job portals often maintain a list of average salaries for various job roles in your city/state/country. You must use this data to compare your skills and work experience with the job duties and requirements of the current openings.

   If you feel that you deserve a higher salary, more than the average pay for the particular IT job role in your geographical area, you must focus on creating a compelling argument to be able to answer the recruiter as to why you deserve a better salary package than that being offered.

2. Prepare a Counteroffer – After you make it through the selection process and clear the IT job interview process, the company will reach out to you with a job offer letter. This is the time when you must compare the company offer that you have received with your expected salary and prepare a counteroffer.If you are confident about your skills and work experience, do not shy away from negotiating the offered salary. However, if you are worried about coming across as less desirable, please know that most employers are expecting you to reply with a counteroffer.

   Remember that you have already been selected for the IT job role amongst all others who applied for it, the hiring manager believes that you are a good fit for the job role and is happy to appoint you. You must feel confident about presenting them with your counteroffer.

3. Remember that Negotiation is a Conversation – Salary negotiation is not a back and forth of demands. It is a process where both parties must have a one-to-one conversation to find out what is the best salary for you and the company.Timing is also quite essential. You must neither talk about the salary too early on in the selection process nor wait too long and miss your chance to negotiate.

Conclusion

In the end, our last and final tip for you is to ensure that you never cite any personal reasons to demand a higher salary. Always be ready with a strong argument about why you deserve higher pay than that being offered. This is the primary key to win in the salary negotiation process.

If you are looking to crack the selection process for IT job openings at reputed firms, do not hesitate to get in touch with the most reputed IT staffing agency of the United States – WalkWater Technologies – where we make every possible effort to ensure that you land your dream job at the best salary packages.

Wait no more, write to us today with your resume and cover letter along with the IT job roles that you are eager to work on. We shall get back to you with all details in no time! Get in touch with us today!