The main reason people work is to earn a salary, which helps the person in question to cater to their needs. While others may argue that their passion pushes them to undertake certain endeavors, the resultant factor is always to earn something. By this, job seekers should be happy and comfortable if they are asked the question; what is your salary expectation? during a job interview.  

But ironically, many job seekers begin to shiver and feel pressured if not uncomfortable with such a question.  Yes, do you remember the answer you gave during your first job interview? Well, I am sure you struggled to quote an amount. Many job seekers find such a question difficult for three possible reasons. 

Some people think mentioning a higher amount may cause them to lose the opportunity to someone who mentions a lower amount. Secondly, some don’t research the average market value for the role they are being interviewed for. The third reason sometimes is because the person does not know their value. But whether you struggle with such a question for one of the reasons above, or something else, you will have the solution after reading this article.  

1. Research about your industry 

One key thing to do before attending a job interview is to research the industry in which your prospective employment role falls. Make sure you know the market salary range for your role, industry, and location in some cases, before attending the interview. That will help avoid overpricing or underpricing yourself when that multi-million dollar question is asked. Researching would provide relevant data and industry comparisons to support your salary negotiations. Many job seekers are victims of this and hence the struggle and sometimes get disappointed with themselves afterward if they realize they could have gotten something better. Perhaps you didn’t know this secret, but I am happy now you know and will do better in your next job interview. 

2. Highlight your value 

This is one of the most important strategies to aid you in negotiating your salary easily. Every employer is interested in hiring someone who brings value and increases productivity. Most employers do not care about how many certificates you have,  it is rather what level of experience or value you can add to their business. This is why it’s very key to explicitly talk about the value you bring to the table, by highlighting your past experiences and achievements related to the role you are being interviewed for. It is not true that when you quote a big amount, you will lose the chance to another interviewee. Employers are ready to offer higher compensation or negotiate with you if they see you have something valuable to offer. What is important is being able to emphasize your skills, experience, and achievements that justify a higher salary. 

3. Rehearse your pitch

It is crucial to sound very sure and assertive before the interview panel. Yes, it shows you know what you are about and are prepared. Never attend any interview without rehearsing your negotiation points. It would help you sound confident when asked that all-important question. However, approach the conversation professionally and assertively, not confrontationally. It is also possible to allow the employer to propose a salary first to avoid underselling yourself. 

4. Consider other benefits

Lastly, let me use this last point to address another mistake job seekers sometimes commit. It is important not to be so fixated on only a higher salary. Look beyond salary to negotiate for bonuses, remote work, flexible hours, health benefits, and career development. When you realize salary flexibility is limited, explore alternative benefits or career growth opportunities, which are equally important.

In conclusion, salary negotiation is a skill that every job seeker must master to secure fair compensation for their work. Remember, your skills and experience have worth, so don’t be afraid to advocate for yourself. 

While you await your next job interview to apply these lessons, SRF offers flexible and reliable loan solutions to help meet financial needs. Whether for personal, business, or emergency purposes, we are here to support you. Reach out today 0240061709 or follow us on Facebook, Twitter, Instagram, and LinkedIn for more.