Even in the best of economic times, salary negotiation is a difficult task, especially for new graduates. According to my experience, some people are always in demand, and even during a recession, they can bargain / leverage - thanks to a good institute or additional skills. However, in most cases, starting salaries are nearly fixed, with little room for negotiation. Furthermore, the employer is put off by your lack of industry experience and exposure. Terese Corey Blanck, Director of Recruitment and Placement for Corporate Interns, an entry-level placement firm, however, says: "You can negotiate if you have something extra special to negotiate with." Here are some salary negotiation strategies:
A Bachelor's Degree & Some Experience Are Insufficient:
Negotiation can benefit from additional experience or expertise. Companies, on the other hand, will train you and make you eligible. As a result, negotiating isn't the best thing to do when you're fresh out of college with no experience or extra skills.
When Negotiating, Use Your Head Rather Than Your Heart:
Well! It is not written in the rule books that you cannot negotiate, even if you believe there is room for negotiation. Even more so if you know you can offer the employer something unique. But be cautious because your entire career is at stake because this is only the beginning, your first job. Be logical. You must emphasize the reasons why you want to be paid more - any part-time experience, major events organized, passion and interest in the job, and so on. You must be self-assured and speak with conviction.
Do Your Research Thoroughly:
Be reasonable in your demands if the employer opens the door to salary negotiations. Before delivering a compelling spiel, conduct thorough research and be aware of your market value. You can use the Online Salary Tool to determine the starting salaries for freshmen in your industry based on your level of education.
Maintain An Eye On The Markets:
To successfully negotiate, you must first understand the market. Also, when you enter the job market, be aware of whether you have the necessary skills.
Only Try This Once:
Try bringing it up only once, and if they say there's no room for negotiation for freshers, leave it at that. Don't hold a grudge for too long and be erratic. Demonstrate your sincerity; otherwise, you risk jeopardizing your chances by going too far.
Be Courteous & Respectful:
Your negotiating should be done with respect and consideration, while maintaining your worthiness.
Negotiating a salary as a new employee is a difficult task. You can take the "I'm entitled to..." approach, but a better approach is "I can offer this expertise, so can the salary be negotiated?" This will help your cause more. You may not get what you wanted in the end, but you do not lose what you have.