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ANALYSIS

Salary negotiations...
Market research and timing critical factors

How to carry out a successful salary negotiation?

DUBAI, December 10, 2014

Salary negotiation is never an easy task. After you have aced the interview and landed the job, it’s time for the part that’s considered most uncomfortable. However, as hard as it may be, it’ is vital and should never be overlooked.

According to Bayt.com, the #1 job site in The Middle East, “If you master Salary negotiation, you can get a sneak peek into what your employer’s “reservation price” is and use it to your advantage.”

Bayt.com career experts provide us with a few tips to apply whenever this situation arises. Firstly, do some research on the market rate for your prospective position. Wait for the right time to bring up the salary topic.

However, make sure you don’t give a specific figure when asked about the expected salary and give a range instead. Bayt.com also emphasizes not overlooking other benefits such as insurance coverage or flexible working hours.

Finally, “do not say yes unless you feel that the offer is reflective of the value you will offer to the firm.” Bayt.com advises.

In this context, Fida A A inquires on Bayt.com Specialties, in the fields of human resources and recruitment: “How can I carry out a successful salary negotiation?

In response, Nishant Desai, says: “Salary negotiations are tough under any circumstances. It's difficult to know what to expect as far as salary is concerned, when you receive a job offer and it's even harder to negotiate more than you have been offered. In a very competitive job market, salary negotiations can be even more complicated.”

He also adds: “To carry out a successful salary negotiation all you have to do is believe that you can negotiate up to your satisfaction since you are a potential candidate. Do your homework. Don't be afraid to ask. Ask, don't ‘demand’. And delay the discussion as much as possible.”

 Hossam Al Boghdady, a payroll supervisor, also says: “First of all, any salary must be based on specific studies, including how much the organization needs the candidate, the salary range for the same position in the market, and the weight of the same position in other organizations.”

Muhammad Najam advises to demand a higher pay than desired as employers usually reduce the demanded salary by 30 per cent.

Ibrahim Hussein Mayaleh says:” Candidates should never under-qualify themselves. Moreover, they should not look at the salary separately; instead, they should consider the combination of salary, company status, other financial benefits, future perspectives, and development opportunities.”

What about you, do you have any other tips for pulling out salary negotiation? Join the conversation now on Bayt.com Specialties; the platform that brings together professionals in an online environment that empowers them to share their knowledge within their self-specified areas of interest and expertise. – TradeArabia News Service




Tags: Bayt.com |

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