How to Negotiate Salary with the HR?

Download ebook

Salary negotiations are necessary conversations that will occasionally come up in life whether you are changing your job or asking for a raise. It can be a rewarding and life-changing conversation for employees. But for many people, this is a stressful process. However, you can negotiate your salary in an efficient and effective manner in various ways without any pressure. This blog will provide you some helpful strategies on how to negotiate salary with HR.

Negotiating your salary can happen in different situations such as when you start a new work, want a raise in your present one, or move to a new role or company. Anyhow, negotiating for a suitable salary is necessary for both financial security and fair compensation. An essential skill that can enhance your earning potential throughout your career is knowing how to negotiate salary with HR. 

When an organization makes you an offer, they will present you with a package that includes a suggested pay. However, you feel like that salary is less or does not align with your skill sets, talents, education, career level, and experience. Then you need to negotiate for more salary without undervaluing yourself. During this process, you will get an opportunity to present the numbers you desire. This process is a part of career development. This process is to reach a mutually beneficial agreement for both sides.

Strategies for effective negotiation – How to negotiate salary with HR

Salary negotiations are stressful and uncomfortable for many people. As a result, they accept the company’s offer without presenting their opinions and negotiation. However, salary negotiations are crucial for career advancement. You can effectively negotiate salary, without any stress, using various strategies. Here are some practical strategies for how to negotiate salary with HR.

Do thorough research and understand your value

Before you go for a salary negotiation, do a good background research on market and company trends and new salary scales for the role. It helps you to understand your position and value. This is the first step to learning how to negotiate salary with HR. You can use various platforms such as online job portals, websites, and salary surveys for this purpose. 

The average salary varies based on different factors. This includes the industry, location, experience, educational qualifications, skills, your current employment status, etc. You will get a good understanding of your value based on these aspects by doing the necessary research. Moreover, you can understand the average salary for the corresponding job title and profile. This helps you not only to figure out the salary that justifies your value but also to quote the right figures. As a result, you can have a meaningful conversation with HR with more confidence in the negotiation process.

Outline a salary range and consider other benefits

By using the knowledge from your research, decide a salary range that you will talk about at the time of salary negotiation. It is beneficial to provide a salary range that suits your value rather than a specific single figure. In addition, you must suggest a slightly higher number than your desired salary. It allows you to settle for a fair salary. 

During the negotiation process, there are other factors to take into account besides salary. Apart from salary, the total package also includes additional benefits and compensation. Benefits like health insurance, additional time off, training opportunities, flexible working methods, possibilities for professional development, etc., are also included. While negotiating, you must consider the whole deal. You can negotiate for additional benefits that will provide a balance for your overall compensation if the salary offer is insufficient. 

Prepare for your salary negotiation and practice

You should prepare and practice for your salary negotiations. It is an important aspect of knowing how to negotiate salary with HR. You should evaluate your skills, experience, qualifications, achievements, and contributions. Make a list of these which shows why you deserve more pay. It allows you to prove your contributions to the company using your unique abilities and that you are an asset to the organization. Prepare your talking points, what to say and avoid. Be ready to answer some tough and uncomfortable questions without losing your cool. 

Practice your salary negotiation speech at least once before you go for the actual one. Moreover, practice for the possible questions and possible answers and solutions. Rehearse your negotiation script with a friend, mentor, or colleague who can give helpful feedback. Additionally, you can practice by recording yourself and reading your pitch loudly in front of a mirror. It helps you to understand your tone, facial expressions, rhythm, and hand gestures in the conversation. Furthermore, it helps you to identify the areas of improvement and boost your confidence.

Present your case and negotiate efficiently

The most important part of how to negotiate salary with HR is explaining why you deserve more. Present yourself by highlighting and showcasing your achievements, new skills, certifications, and qualifications that justify your desired salary. Demonstrate your value clearly based on these factors for contributing positively to the organization. Believing in your values, negotiate your salary positively and professionally. 

While negotiating, be clear and confident in your delivery. However, remember to be polite, respectful, and open-minded at all stages of the process.  While negotiating salary stay calm and composed. While answering the question, focus on the intent of the question and read between the lines. Think before answering and based on your research give specific and clear answers. During negotiations never make any false claims, be honest and transparent. Most importantly, don’t be afraid to discuss your salary expectations and to say no.

Negotiate at the right time, listen, and make a mutual agreement         

Right timing is one of the most important things in how to negotiate salary with HR. Choose the right time for salary negotiations where there are no disturbances and time constraints for both parties. This allows you enough time to explain and discuss. To arrive at an appropriate decision, prepare and ask responsive questions during the negotiation. Even if the company is unable to give your desired salary, do show flexibility. Consider other benefits and compensations that enhance your overall package and negotiate for them. 

Salary negotiation is a discussion, not a debate or conflict. Creating a win-win situation where both sides are mutually benefited, is the goal of salary negotiation. So, treat your employer’s side with respect. Be open to reaching a mutual agreement. Understand the employer’s point of view by listening to them after presenting your negotiation. It gives you an idea about their concerns, interests, valid reasons, and constraints. Acknowledge and address their points and concerns and respond thoughtfully. It increases the chance to reach a mutually beneficial agreement.  

Salary negotiations can be a challenging yet rewarding process. Increased professional income signifies your career advancement, progress, and success. Moreover, you will be motivated in your job if you get a suitable salary and benefits for your worth. Understanding how to negotiate salary with HR can help you negotiate confidently. Effective salary negotiation leads to a beneficial agreement for both parties. 

In addition, salary negotiations are uncertain. Accepting anything lower than your worth will negatively affect your career growth. So, be prepared to say no and walk away gracefully, if you are not satisfied with the offer.

Art of Negotiation course by Henry Harvin 

Do you still have doubts about how to negotiate salary with HR? Henry Harvin’s Art of Negotiation course is the best option. In order to get your deserved salary, this course enhances your essential negotiation skills. Through this course, you will gain knowledge about salary and contract negotiation, advanced negotiation, and effective rejection strategies to achieve a win-win agreement.   

Conclusion

In summary, salary negotiation is a process that occurs occasionally at every step of a person’s career path. It is an important process in one’s career advancement. Whether you are just starting your career or have experience, it is acceptable to ask for a higher salary. By knowing how to negotiate salary with HR and using these tips, you can negotiate with confidence. Understanding your value and effectively negotiating salary with HR can lead to a higher package and improved professional and financial well-being.  

Recommended Reads:

• Top 10 negotiation books
  • Best Art of Negotiation Courses in India
  • 7 Reasons to Choose Project Management as a Career Path
  • How to Choose an Accounting Career Path
  • SAP HANA Certification: How to Choose the Best One for You
  • 7 Reasons to Choose Project Management as a Career Path
  • Why Should You Choose Digital Marketing Certification as a Career
  • Why You Should Choose Six Sigma Certifications

FAQ

Q.1 How do salary negotiations take place?

Ans: There will be email, phone, or in-person negotiations. 

Q.2 When do salary negotiations take place?

Ans: Once you have received the official job offer, you can negotiate for salary.

Q.3 What are the factors considered when choosing a salary range to negotiate?

Ans: A few elements are your experience, qualifications, skills, industry standards, current salary trends, etc. 

Q.4 As an entry-level employee, how to negotiate salary with HR?

Ans: Propose a salary range considering the above factors for entry-level positions.

Q.5 What are the other negotiable benefits?

Ans: There are additional compensations like bonuses, travel allowance, health insurance, additional leaves, work flexibility, growth opportunities, and so on.

Download ebook