What would be the best answer of salary requirements? Hi friends, I am Sanjeev Nanda your blogger friend and a Entrepreneur by Profession. Today, In this article we will going to discuss about Salary Requirements. How we can give the best answer to our employer for "What are your salary requirement"
After a few months of hard work and dozens of phone calls later, you can finally get the job opportunity.
But, you were asked about your salary requirements and your mind went blank. So, you pay less, assuming it will increase your hiring.
Unfortunately, this is the wrong approach.
Your salary requirements may be hired or your barriers may be broken. But only if you are not ready.
There is no room for negotiation, and your potential employer will not be able to afford you. As you offer lower prices, very few and employers will experience. The trick is to aim as high as possible while making both sides feel happy.
Of course, you cannot order a higher price without fetching the price.
The good news is that it is possible to learn to be a high-value employee. You have to work on the right tasks to grow in the right areas. Here are some strategies for negotiating your salary requirements with confidence.
Having a successful career is not always about money. According to Gallup, about 70% of employees are not satisfied with their current jobs.
Earning more money is not a bad thing, but choosing more salary over the symptoms that are most important to you. For example, if you enjoy spending time with your family, then rejecting a job offer requires too much travel.
Do you want to get paid for your hard work? of course you do. I hate to break it to you, but most people do.
With so much competition, this will not be an easy task to achieve. Therefore you need to be a supporter for time management.
Do you know how much free time you have? No free time during your lunch break or after you finish work on your day's work. Rather, free time when you are watching your phone or watching your favorite TV show.
Data from 2017 shows that Americans spend about 3 hours watching television. If you are not happy with your current lifestyle then it is a bad time. Instead, focus on working on your goals whenever you have free time.
For example, if your job is 1 hour, listen to educational podcasts. If your lunch break is 30 minutes, then read for 10 to 15 minutes. And if you have a busy life for only 30-60 minutes after work, use this time to work on your personal goals.
Create a morning routine that sets you up for success every day. Start waking up 1 to 2 hours earlier to allow more time to work on your most important tasks. Use tools like Atracker to break up the activities in which you are spending the most time.
Analyzing your entire day will not be easy, so set boundaries. For example, if you have 4 hours of free time each day, then spend at least 2 hours of these hours working on important tasks.
Investing in yourself is the best investment you can make. Cliche I know, but still true.
You will grow as a person and gain confidence with the value that you will be able to bring to others. Investing on your own will not be expensive. For example, you can read books to expand your knowledge in various fields.
Do not get caught in the habit of reading aimlessly. Instead, select books that help you expand in the area you are growing. At the same time, do not limit yourself to reading books in one subject - create a healthy balance.
Podcasts are also a great medium to learn new topics from experts in different fields. The best part is they are free and you can consume them on your commute to / from work.
If you have no debt, then the paid education makes sense. If you decide to go back to school, be sure to apply for a scholarship and grant to at least have a loan. Regardless of which path you take to make it a habit to grow every day.
It will not be easy, but it will work to your advantage. Most people do not spend most of their free time investing in themselves. This will let you grow more and more quickly, and stand out from your competition.
Avoid giving you salary requirements early in the interview process.
But if you are asked early, avoid this question in a non-defensive way. Explain to the employer that you want to better understand your role first. They will most likely agree with you; But if they don't, give them a limit.
The truth is that great employers are more concerned about your skills and the value you bring to the company. They understand that a great employee is an investment, capable of earning them more than their salary.
Remember that interviewing for a job is not just for the employer, it is also for you. If the employer is more interested in your salary requirements, this may not be a good sign. If the company you are interviewing for, use this question.
Resumes are a common way to filter employees through the hiring process. Here's the big secret: It's not the only way you can showcase your skills.
To request for maximum salary, you have to do what you are not prepared to do. Since you are already investing in yourself, make it a habit to show your skills online.
A great way to do this is to create your own website. Choose your first and last name as your domain name. If this domain is already taken, be creative and choose the one that makes sense.
Nowadays, it is easy to create a website. Once you setup your website, start producing content. For example, if you are a developer you can post the applications you are building.
During your interview, you will have an online reference to showcase your achievements. You can use your achievements to justify your salary requirements. Since most people do not, you will have a higher chance of your offer being accepted by employers.
Asking for the salary you deserve is an art. At one end, you have to continuously invest in yourself to offer a huge value. But it is not enough. You also have to be a great negotiator.
Imagine requesting a higher salary and because you bring a lot of value, employers are ready to pay you this. Wouldn't it be amazing?
Most settle for an average because they do not believe what they have to offer. Most people do not invest in themselves because they are not dedicated enough. but you not.
You know that you deserve to be paid well, and you are ready to work. Nevertheless, you have not sacrificed your most important values at a higher salary.
Research average salary compensation in your industry, then give it wings.
Use tools like Glassdoor to research your industry average salary compensation. Then take advantage of LinkedIn's company data which is available with its Pro membership. You can see the total number of employee growth and job openings of a company.
Use this information to make informed decisions when deciding on your salary requirements. But do not limit yourself to the average salary range. Companies will usually pay more for you than you have.
Larger companies will often pay more than smaller ones. Whatever your desired salary amount, always ask for a higher amount. Employers will often decline your initial offer. In fact, provide a salary range that gives you and your employer enough room to negotiate.
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| Best Answer Salary Requirements by Sanjeev Nanda |
After a few months of hard work and dozens of phone calls later, you can finally get the job opportunity.
But, you were asked about your salary requirements and your mind went blank. So, you pay less, assuming it will increase your hiring.
Unfortunately, this is the wrong approach.
Your salary requirements may be hired or your barriers may be broken. But only if you are not ready.
There is no room for negotiation, and your potential employer will not be able to afford you. As you offer lower prices, very few and employers will experience. The trick is to aim as high as possible while making both sides feel happy.
Of course, you cannot order a higher price without fetching the price.
The good news is that it is possible to learn to be a high-value employee. You have to work on the right tasks to grow in the right areas. Here are some strategies for negotiating your salary requirements with confidence.
1. Set your own boundaries
Having a successful career is not always about money. According to Gallup, about 70% of employees are not satisfied with their current jobs.
Earning more money is not a bad thing, but choosing more salary over the symptoms that are most important to you. For example, if you enjoy spending time with your family, then rejecting a job offer requires too much travel.
Here are some important traits to consider:
(I) Self-development opportunities
Having the option to grow within your company is important. Once you learn to do your tasks well, you will start to become less busy. Choose a company that encourages employee development.(II) Work and life balance
The last thing you want is a job that forces you to work 60+ hours each week. Unless it's the type of environment you want. Understand how your potential employer emphasizes work / life balance.(III) Company culture
Conservative cubical job where someone feels you have to be unhappy with your luck. Not all companies are equal in culture. Take Google, for example, which invests heavily in keeping its employees happy.2. Hack time to complete maximal
Do you want to get paid for your hard work? of course you do. I hate to break it to you, but most people do.
With so much competition, this will not be an easy task to achieve. Therefore you need to be a supporter for time management.
Do you know how much free time you have? No free time during your lunch break or after you finish work on your day's work. Rather, free time when you are watching your phone or watching your favorite TV show.
Data from 2017 shows that Americans spend about 3 hours watching television. If you are not happy with your current lifestyle then it is a bad time. Instead, focus on working on your goals whenever you have free time.
For example, if your job is 1 hour, listen to educational podcasts. If your lunch break is 30 minutes, then read for 10 to 15 minutes. And if you have a busy life for only 30-60 minutes after work, use this time to work on your personal goals.
Create a morning routine that sets you up for success every day. Start waking up 1 to 2 hours earlier to allow more time to work on your most important tasks. Use tools like Atracker to break up the activities in which you are spending the most time.
Analyzing your entire day will not be easy, so set boundaries. For example, if you have 4 hours of free time each day, then spend at least 2 hours of these hours working on important tasks.
3. Invest in yourself
Investing in yourself is the best investment you can make. Cliche I know, but still true.
You will grow as a person and gain confidence with the value that you will be able to bring to others. Investing on your own will not be expensive. For example, you can read books to expand your knowledge in various fields.
Do not get caught in the habit of reading aimlessly. Instead, select books that help you expand in the area you are growing. At the same time, do not limit yourself to reading books in one subject - create a healthy balance.
Podcasts are also a great medium to learn new topics from experts in different fields. The best part is they are free and you can consume them on your commute to / from work.
If you have no debt, then the paid education makes sense. If you decide to go back to school, be sure to apply for a scholarship and grant to at least have a loan. Regardless of which path you take to make it a habit to grow every day.
It will not be easy, but it will work to your advantage. Most people do not spend most of their free time investing in themselves. This will let you grow more and more quickly, and stand out from your competition.
4. Hide your salary requirements
Avoid giving you salary requirements early in the interview process.
But if you are asked early, avoid this question in a non-defensive way. Explain to the employer that you want to better understand your role first. They will most likely agree with you; But if they don't, give them a limit.
The truth is that great employers are more concerned about your skills and the value you bring to the company. They understand that a great employee is an investment, capable of earning them more than their salary.
Remember that interviewing for a job is not just for the employer, it is also for you. If the employer is more interested in your salary requirements, this may not be a good sign. If the company you are interviewing for, use this question.
5. Document the value you bring
Resumes are a common way to filter employees through the hiring process. Here's the big secret: It's not the only way you can showcase your skills.
To request for maximum salary, you have to do what you are not prepared to do. Since you are already investing in yourself, make it a habit to show your skills online.
A great way to do this is to create your own website. Choose your first and last name as your domain name. If this domain is already taken, be creative and choose the one that makes sense.
Nowadays, it is easy to create a website. Once you setup your website, start producing content. For example, if you are a developer you can post the applications you are building.
During your interview, you will have an online reference to showcase your achievements. You can use your achievements to justify your salary requirements. Since most people do not, you will have a higher chance of your offer being accepted by employers.
6. Get compensated by your value
Asking for the salary you deserve is an art. At one end, you have to continuously invest in yourself to offer a huge value. But it is not enough. You also have to be a great negotiator.
Imagine requesting a higher salary and because you bring a lot of value, employers are ready to pay you this. Wouldn't it be amazing?
Most settle for an average because they do not believe what they have to offer. Most people do not invest in themselves because they are not dedicated enough. but you not.
You know that you deserve to be paid well, and you are ready to work. Nevertheless, you have not sacrificed your most important values at a higher salary.
7. Do just enough research
Research average salary compensation in your industry, then give it wings.
Use tools like Glassdoor to research your industry average salary compensation. Then take advantage of LinkedIn's company data which is available with its Pro membership. You can see the total number of employee growth and job openings of a company.
Use this information to make informed decisions when deciding on your salary requirements. But do not limit yourself to the average salary range. Companies will usually pay more for you than you have.
Larger companies will often pay more than smaller ones. Whatever your desired salary amount, always ask for a higher amount. Employers will often decline your initial offer. In fact, provide a salary range that gives you and your employer enough room to negotiate.
Hello, my name is Sanjeev Nanda. Sanjeev Nanda - I’m businessman with different ventures in the hospitality industry as well as the pharmaceutical industry. I love to invest in businesses and startups that are promising and hold the growth to the future.
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