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5 important factors to consider when negotiating for your expected salary

Fa calendar 16 grey March 29, 2019   
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Salary negotiation is something you approach objectively, have reference points and build an evidence-based case.

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Generally, quoting your expected salary can ease when you have several elements to base your number on. Some candidates will throw around figures which are either too high or too low, an act which could easily weaken their possibility of acquiring that covetous position.

Before making your decision known about the salary, it is indispensable to ponder over the following guidelines:
1. Current Salary
Your existing salary will determine how much you add to the quoted amount, a figure which the company is willing to part with. Changing jobs means one wants higher pay, hence the need for sound salary negotiations.

2. Your Skills And Experience Level
Skills and experience level go hand in hand and as a basic requirement, the employer will highlight the level of experience as one of the formalities to look at when tabling his/her offer. The number of skills (both hard and soft) you possess will help you confidently pen a figure that both you and the employer are comfortable with.
The job description and demands of the job also go a long way in determining the pay.

3. Nature of the Job
Most entry-level jobs with experience levels as low as two years tend to have a  low salary hence the need to be aware of the position and its demands when negotiating salary. On the other hand, mid-level to senior positions will have competitive salaries due to the belief that you have gained experience and your value is undoubtedly high.

4. Additional Incentives That Come With The Position
Jobs that come with many perks tend to have ‘fixed’ salaries which means the possibility of getting additional allowances to the stated one is close to zero. It’s advisable to ask the employer to clarify any benefits (medical cover, company resources like vehicles, training) that accompany the job before discussing the salary.

5. The Market Rates for the Same Job
Economic conditions will influence the salaries and other remunerations that different jobs come with. This is due to cyclical demand and supply forces in the market. For instance, jobs in the Information, Communication, and Technology sector tend to fetch hefty pays due to their steady demand.

This story was originally published on Capital FM

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Comments

    Adwek | June 13, 2019 09:38

    How will be at position to know that am qualified to join Fuzu.

    Richard | June 12, 2019 17:41

    Thank you a lot for the very rich information in this regard.

    SHABAN | June 11, 2019 11:48

    Nice to remember

    migori | June 10, 2019 10:24

    thanks good insight

    Mnyika | June 09, 2019 18:29

    very nice

    Lucy | May 15, 2019 11:31

    Exactly

    MIRRIAM | May 15, 2019 10:25

    Awesome

    Nancy | May 15, 2019 09:13

    Very helpful

    Olidio | May 14, 2019 14:49

    Copy that

    HELLEN | May 13, 2019 08:14

    Reasonable tips, that's great

    Atuhe | May 12, 2019 19:22

    Good one

    Richard | May 11, 2019 16:33

    On point

    Jimmy | April 19, 2019 15:21

    helpful

    Gift | April 15, 2019 14:57

    Fantastic

    yonah | April 13, 2019 08:47

    awesome

    Collins | April 08, 2019 05:19

    Your on point

    okabale | April 05, 2019 16:34

    Great

    Inyoin | April 05, 2019 13:33

    🙌I love this😊

    NANZIRI | April 04, 2019 20:40

    Absolutely helpful

    Joseph | April 04, 2019 17:47

    Good insight.Thank you.

    BRIAN | April 04, 2019 10:57

    excellent

    EMMANUEL | April 04, 2019 06:34

    sure that means alot

    Masinde | April 04, 2019 03:01

    constructive indeed

    Dennis | April 03, 2019 15:31

    Good advice

    OCOUN | April 03, 2019 14:39

    Its a good tip

    OCOUN | April 03, 2019 14:39

    Good tip

    margaret | April 03, 2019 05:00

    These are very good tips

    margaret | April 03, 2019 04:58

    Good tips indeed.

    Ernest | April 02, 2019 08:57

    Very helpful

    ENOCK | April 01, 2019 08:19

    It has helped me thank you

    Muhairwe | March 31, 2019 09:52

    nice and will work


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