- Blog Categories
- Software Development Projects and Ideas
- 12 Computer Science Project Ideas
- 28 Beginner Software Projects
- Top 10 Engineering Project Ideas
- Top 10 Easy Final Year Projects
- Top 10 Mini Projects for Engineers
- 25 Best Django Project Ideas
- Top 20 MERN Stack Project Ideas
- Top 12 Real Time Projects
- Top 6 Major CSE Projects
- 12 Robotics Projects for All Levels
- Java Programming Concepts
- Abstract Class in Java and Methods
- Constructor Overloading in Java
- StringBuffer vs StringBuilder
- Java Identifiers: Syntax & Examples
- Types of Variables in Java Explained
- Composition in Java: Examples
- Append in Java: Implementation
- Loose Coupling vs Tight Coupling
- Integrity Constraints in DBMS
- Different Types of Operators Explained
- Career and Interview Preparation in IT
- Top 14 IT Courses for Jobs
- Top 20 Highest Paying Languages
- 23 Top CS Interview Q&A
- Best IT Jobs without Coding
- Software Engineer Salary in India
- 44 Agile Methodology Interview Q&A
- 10 Software Engineering Challenges
- Top 15 Tech's Daily Life Impact
- 10 Best Backends for React
- Cloud Computing Reference Models
- Web Development and Security
- Find Installed NPM Version
- Install Specific NPM Package Version
- Make API Calls in Angular
- Install Bootstrap in Angular
- Use Axios in React: Guide
- StrictMode in React: Usage
- 75 Cyber Security Research Topics
- Top 7 Languages for Ethical Hacking
- Top 20 Docker Commands
- Advantages of OOP
- Data Science Projects and Applications
- 42 Python Project Ideas for Beginners
- 13 Data Science Project Ideas
- 13 Data Structure Project Ideas
- 12 Real-World Python Applications
- Python Banking Project
- Data Science Course Eligibility
- Association Rule Mining Overview
- Cluster Analysis in Data Mining
- Classification in Data Mining
- KDD Process in Data Mining
- Data Structures and Algorithms
- Binary Tree Types Explained
- Binary Search Algorithm
- Sorting in Data Structure
- Binary Tree in Data Structure
- Binary Tree vs Binary Search Tree
- Recursion in Data Structure
- Data Structure Search Methods: Explained
- Binary Tree Interview Q&A
- Linear vs Binary Search
- Priority Queue Overview
- Python Programming and Tools
- Top 30 Python Pattern Programs
- List vs Tuple
- Python Free Online Course
- Method Overriding in Python
- Top 21 Python Developer Skills
- Reverse a Number in Python
- Switch Case Functions in Python
- Info Retrieval System Overview
- Reverse a Number in Python
- Real-World Python Applications
- Data Science Careers and Comparisons
- Data Analyst Salary in India
- Data Scientist Salary in India
- Free Excel Certification Course
- Actuary Salary in India
- Data Analyst Interview Guide
- Pandas Interview Guide
- Tableau Filters Explained
- Data Mining Techniques Overview
- Data Analytics Lifecycle Phases
- Data Science Vs Analytics Comparison
- Artificial Intelligence and Machine Learning Projects
- Exciting IoT Project Ideas
- 16 Exciting AI Project Ideas
- 45+ Interesting ML Project Ideas
- Exciting Deep Learning Projects
- 12 Intriguing Linear Regression Projects
- 13 Neural Network Projects
- 5 Exciting Image Processing Projects
- Top 8 Thrilling AWS Projects
- 12 Engaging AI Projects in Python
- NLP Projects for Beginners
- Concepts and Algorithms in AIML
- Basic CNN Architecture Explained
- 6 Types of Regression Models
- Data Preprocessing Steps
- Bagging vs Boosting in ML
- Multinomial Naive Bayes Overview
- Gini Index for Decision Trees
- Bayesian Network Example
- Bayes Theorem Guide
- Top 10 Dimensionality Reduction Techniques
- Neural Network Step-by-Step Guide
- Technical Guides and Comparisons
- Make a Chatbot in Python
- Compute Square Roots in Python
- Permutation vs Combination
- Image Segmentation Techniques
- Generative AI vs Traditional AI
- AI vs Human Intelligence
- Random Forest vs Decision Tree
- Neural Network Overview
- Perceptron Learning Algorithm
- Selection Sort Algorithm
- Career and Practical Applications in AIML
- AI Salary in India Overview
- Biological Neural Network Basics
- Top 10 AI Challenges
- Production System in AI
- Top 8 Raspberry Pi Alternatives
- Top 8 Open Source Projects
- 14 Raspberry Pi Project Ideas
- 15 MATLAB Project Ideas
- Top 10 Python NLP Libraries
- Naive Bayes Explained
- Digital Marketing Projects and Strategies
- 10 Best Digital Marketing Projects
- 17 Fun Social Media Projects
- Top 6 SEO Project Ideas
- Digital Marketing Case Studies
- Coca-Cola Marketing Strategy
- Nestle Marketing Strategy Analysis
- Zomato Marketing Strategy
- Monetize Instagram Guide
- Become a Successful Instagram Influencer
- 8 Best Lead Generation Techniques
- Digital Marketing Careers and Salaries
- Digital Marketing Salary in India
- Top 10 Highest Paying Marketing Jobs
- Highest Paying Digital Marketing Jobs
- SEO Salary in India
- Brand Manager Salary in India
- Content Writer Salary Guide
- Digital Marketing Executive Roles
- Career in Digital Marketing Guide
- Future of Digital Marketing
- MBA in Digital Marketing Overview
- Digital Marketing Techniques and Channels
- 9 Types of Digital Marketing Channels
- Top 10 Benefits of Marketing Branding
- 100 Best YouTube Channel Ideas
- YouTube Earnings in India
- 7 Reasons to Study Digital Marketing
- Top 10 Digital Marketing Objectives
- 10 Best Digital Marketing Blogs
- Top 5 Industries Using Digital Marketing
- Growth of Digital Marketing in India
- Top Career Options in Marketing
- Interview Preparation and Skills
- 73 Google Analytics Interview Q&A
- 56 Social Media Marketing Q&A
- 78 Google AdWords Interview Q&A
- Top 133 SEO Interview Q&A
- 27+ Digital Marketing Q&A
- Digital Marketing Free Course
- Top 9 Skills for PPC Analysts
- Movies with Successful Social Media Campaigns
- Marketing Communication Steps
- Top 10 Reasons to Be an Affiliate Marketer
- Career Options and Paths
- Top 25 Highest Paying Jobs India
- Top 25 Highest Paying Jobs World
- Top 10 Highest Paid Commerce Job
- Career Options After 12th Arts
- Top 7 Commerce Courses Without Maths
- Top 7 Career Options After PCB
- Best Career Options for Commerce
- Career Options After 12th CS
- Top 10 Career Options After 10th
- 8 Best Career Options After BA
- Projects and Academic Pursuits
- 17 Exciting Final Year Projects
- Top 12 Commerce Project Topics
- Top 13 BCA Project Ideas
- Career Options After 12th Science
- Top 15 CS Jobs in India
- 12 Best Career Options After M.Com
- 9 Best Career Options After B.Sc
- 7 Best Career Options After BCA
- 22 Best Career Options After MCA
- 16 Top Career Options After CE
- Courses and Certifications
- 10 Best Job-Oriented Courses
- Best Online Computer Courses
- Top 15 Trending Online Courses
- Top 19 High Salary Certificate Courses
- 21 Best Programming Courses for Jobs
- What is SGPA? Convert to CGPA
- GPA to Percentage Calculator
- Highest Salary Engineering Stream
- 15 Top Career Options After Engineering
- 6 Top Career Options After BBA
- Job Market and Interview Preparation
- Why Should You Be Hired: 5 Answers
- Top 10 Future Career Options
- Top 15 Highest Paid IT Jobs India
- 5 Common Guesstimate Interview Q&A
- Average CEO Salary: Top Paid CEOs
- Career Options in Political Science
- Top 15 Highest Paying Non-IT Jobs
- Cover Letter Examples for Jobs
- Top 5 Highest Paying Freelance Jobs
- Top 10 Highest Paying Companies India
- Career Options and Paths After MBA
- 20 Best Careers After B.Com
- Career Options After MBA Marketing
- Top 14 Careers After MBA In HR
- Top 10 Highest Paying HR Jobs India
- How to Become an Investment Banker
- Career Options After MBA - High Paying
- Scope of MBA in Operations Management
- Best MBA for Working Professionals India
- MBA After BA - Is It Right For You?
- Best Online MBA Courses India
- MBA Project Ideas and Topics
- 11 Exciting MBA HR Project Ideas
- Top 15 MBA Project Ideas
- 18 Exciting MBA Marketing Projects
- MBA Project Ideas: Consumer Behavior
- What is Brand Management?
- What is Holistic Marketing?
- What is Green Marketing?
- Intro to Organizational Behavior Model
- Tech Skills Every MBA Should Learn
- Most Demanding Short Term Courses MBA
- MBA Salary, Resume, and Skills
- MBA Salary in India
- HR Salary in India
- Investment Banker Salary India
- MBA Resume Samples
- Sample SOP for MBA
- Sample SOP for Internship
- 7 Ways MBA Helps Your Career
- Must-have Skills in Sales Career
- 8 Skills MBA Helps You Improve
- Top 20+ SAP FICO Interview Q&A
- MBA Specializations and Comparative Guides
- Why MBA After B.Tech? 5 Reasons
- How to Answer 'Why MBA After Engineering?'
- Why MBA in Finance
- MBA After BSc: 10 Reasons
- Which MBA Specialization to choose?
- Top 10 MBA Specializations
- MBA vs Masters: Which to Choose?
- Benefits of MBA After CA
- 5 Steps to Management Consultant
- 37 Must-Read HR Interview Q&A
- Fundamentals and Theories of Management
- What is Management? Objectives & Functions
- Nature and Scope of Management
- Decision Making in Management
- Management Process: Definition & Functions
- Importance of Management
- What are Motivation Theories?
- Tools of Financial Statement Analysis
- Negotiation Skills: Definition & Benefits
- Career Development in HRM
- Top 20 Must-Have HRM Policies
- Project and Supply Chain Management
- Top 20 Project Management Case Studies
- 10 Innovative Supply Chain Projects
- Latest Management Project Topics
- 10 Project Management Project Ideas
- 6 Types of Supply Chain Models
- Top 10 Advantages of SCM
- Top 10 Supply Chain Books
- What is Project Description?
- Top 10 Project Management Companies
- Best Project Management Courses Online
- Salaries and Career Paths in Management
- Project Manager Salary in India
- Average Product Manager Salary India
- Supply Chain Management Salary India
- Salary After BBA in India
- PGDM Salary in India
- Top 7 Career Options in Management
- CSPO Certification Cost
- Why Choose Product Management?
- Product Management in Pharma
- Product Design in Operations Management
- Industry-Specific Management and Case Studies
- Amazon Business Case Study
- Service Delivery Manager Job
- Product Management Examples
- Product Management in Automobiles
- Product Management in Banking
- Sample SOP for Business Management
- Video Game Design Components
- Top 5 Business Courses India
- Free Management Online Course
- SCM Interview Q&A
- Fundamentals and Types of Law
- Acceptance in Contract Law
- Offer in Contract Law
- 9 Types of Evidence
- Types of Law in India
- Introduction to Contract Law
- Negotiable Instrument Act
- Corporate Tax Basics
- Intellectual Property Law
- Workmen Compensation Explained
- Lawyer vs Advocate Difference
- Law Education and Courses
- LLM Subjects & Syllabus
- Corporate Law Subjects
- LLM Course Duration
- Top 10 Online LLM Courses
- Online LLM Degree
- Step-by-Step Guide to Studying Law
- Top 5 Law Books to Read
- Why Legal Studies?
- Pursuing a Career in Law
- How to Become Lawyer in India
- Career Options and Salaries in Law
- Career Options in Law India
- Corporate Lawyer Salary India
- How To Become a Corporate Lawyer
- Career in Law: Starting, Salary
- Career Opportunities: Corporate Law
- Business Lawyer: Role & Salary Info
- Average Lawyer Salary India
- Top Career Options for Lawyers
- Types of Lawyers in India
- Steps to Become SC Lawyer in India
- Tutorials
- C Tutorials
- Recursion in C: Fibonacci Series
- Checking String Palindromes in C
- Prime Number Program in C
- Implementing Square Root in C
- Matrix Multiplication in C
- Understanding Double Data Type
- Factorial of a Number in C
- Structure of a C Program
- Building a Calculator Program in C
- Compiling C Programs on Linux
- Java Tutorials
- Handling String Input in Java
- Determining Even and Odd Numbers
- Prime Number Checker
- Sorting a String
- User-Defined Exceptions
- Understanding the Thread Life Cycle
- Swapping Two Numbers
- Using Final Classes
- Area of a Triangle
- Skills
- Software Engineering
- JavaScript
- Data Structure
- React.js
- Core Java
- Node.js
- Blockchain
- SQL
- Full stack development
- Devops
- NFT
- BigData
- Cyber Security
- Cloud Computing
- Database Design with MySQL
- Cryptocurrency
- Python
- Digital Marketings
- Advertising
- Influencer Marketing
- Search Engine Optimization
- Performance Marketing
- Search Engine Marketing
- Email Marketing
- Content Marketing
- Social Media Marketing
- Display Advertising
- Marketing Analytics
- Web Analytics
- Affiliate Marketing
- MBA
- MBA in Finance
- MBA in HR
- MBA in Marketing
- MBA in Business Analytics
- MBA in Operations Management
- MBA in International Business
- MBA in Information Technology
- MBA in Healthcare Management
- MBA In General Management
- MBA in Agriculture
- MBA in Supply Chain Management
- MBA in Entrepreneurship
- MBA in Project Management
- Management Program
- Consumer Behaviour
- Supply Chain Management
- Financial Analytics
- Introduction to Fintech
- Introduction to HR Analytics
- Fundamentals of Communication
- Art of Effective Communication
- Introduction to Research Methodology
- Mastering Sales Technique
- Business Communication
- Fundamentals of Journalism
- Economics Masterclass
- Free Courses
How to Effectively Negotiate Your Salary? 9 Crucial Tips to Know
Updated on 25 November, 2022
898.95K+ views
• 7 min read
Whether you are a new hire or a long-time employee undergoing your performance review, not negotiating your salary can cost you a fortune. But negotiations can often be so hard that most individuals do not do it and leave the table’s money. Let’s consider an example; the salary of a data scientist in India ranges from Rs 500,000 to Rs 1,700,000.
What you get depends on many factors, such as experience, skills, and job role. But even in the same job role, experience, and company, data scientists might get different salaries, and that’s because of negotiations. Knowing how to negotiate a salary in an interview can help you save all this money.
Even if you are getting a mere Rs 2,000 less than what you deserve per month, it sums up to Rs 24,000 in a year and a whopping Rs 840,000 in your 35-year career. I hope the numbers are enough to show you the importance of negotiations.
The sad part is many people know this but are still afraid to negotiate, especially the new hires. If you are one of them and want to know how to negotiate a salary to get the best package, this post highlights some tips that will come in handy.
9 Tips to Negotiate Your Salary
Before starting with how to negotiate salary with HR, it is essential to know when is the right time to do it. If you don’t know when to negotiate, the following tips might not be as useful. You can negotiate your salary when:
- Taking up a new role either in a new or the same company
- You feel that you are providing more value to the company than your pay.
- It has been a while since your last hike.
- Your manager and other higher authorities seem impressed by your performance.
Once you have the right moment, embrace it and use the following tips to negotiate your salary.
1. Know The Industry Salary Trends
Know what are the salary trends for your specific role in your industry and region. You can use online tools provided by Payscale or Glassdoor to get the numbers. Walking into the discussion without a number will show your manager or HR that you are not well prepared for it.
2. Build Your Case
Having only the numbers is not enough; you also need to show them why you came up with that number. Showcase your skills or values you have or can bring to the employer. Highlight your strengths and make them realise they should go ahead and invest in you.
3. Use a Specific Number.
After doing some online research, you will get a salary range that is often given to individuals in your role. Keep the range in mind, but always ask for a specific number. If you provide a range, let’s say between Rs 600,000 and Rs 650,000, the other person will jump to the smaller number. Hence, although you should have a range in mind, always put a specific number on the table.
4. Look Out For Other Benefits Too.
One mistake that most individuals make is to include only the salary amount in their negotiations. Along with the salary amount, have some other benefits also. This will not only get you a complete package but also help your negotiation get considered quickly.
For instance, it might be easier for employers to give you a small hike along with other benefits such as flexible schedule, work from home opportunities at regular intervals, training, or medical covers. Hence, instead of asking for a more significant hike, consider including other perks in your negotiation.
5. Be Confident and Persuasive.
Show confidence in your pitches. Let them know that you have built your case through your talks. The best way to do this is by organising your thoughts. Plan what points you want to highlight and during what stages. Also, do some practice to hear how your facts and ideas sound in the open. See if you are confident enough to go ahead and persuade the employer representative to hike your salary.
6. Make It About You and The Employer.
Although you have done your research and have a range in your mind, don’t be firm on that. Be generous and understand the other person’s perspective too. However, if you want time to think about the first offer, say so and schedule another meeting. Be generous to accept something that is between your demands and their budget. But also be ready to walk away if they are not ready to offer you what you deserve and are ok with.
7. Talk About the Past but Highlight the Future.
Do mention what you have done in the past to bring value and success to the employer, but focus more on what you are capable of doing in the future. Explain the key responsibilities you can take and the amount of workload you can manage if the need comes.
8. Listen To Them
It’s not all about you; listening to the other representative is equally essential. It will help you understand the other person’s needs and perspective. Altogether, it will enable you to make and get the best offer.
9. Don’t Fear to Counter
If the employer says no and questions your case, don’t be afraid of countering them by asking questions or showing the metrics. One thing to remember here is that not to sound too pushy while contrasting or discussing your offer.
Conclusion
Completing certification courses for high-paying jobs alone won’t get you the best package; negotiation will also play a vital role. Let’s take an example of Machine Learning certification. Being an ML expert is one of the highest-paying jobs in India.
Suppose you take the upGrad’s and IIIT Bangalore’s PG certification in ML and Deep Learning course as it offers 240+ hours of learning and hands-on experience. It will help you learn the relevant skills and put you in the high salary bracket, but getting the highest package for yourself according to your intellectual and talent still depends on whether you know how to negotiate salary with HR or not.
Follow the tips mentioned in this post, and you will have nothing to fear about negotiations. Remember that whether the outcome was successful or not, this is not the last time you will be negotiating. There will be many opportunities that come during your entire career.
Frequently Asked Questions (FAQs)
1. Is salary negotiation perceived as inappropriate behavior ?
A negotiation is just a way to have a conversation. It doesn't have to mean that someone is being forced to give a higher salary. If you are in an interview with a major company, you should absolutely ask for the desired package. The first point to remember is that you don’t have to ask for more than the market trends. You don’t have to force the interviewers to pay you more; you just have to ask about the possibility of increasing the package. You can ask for more salary when you feel comfortable doing so, even if it looks like your negotiation position is weak.
2. Besides financial benefits, what other benefits should be considered?
While negotiating apart from financial benefits other things should also be taken into consideration. Getting more paid leaves is one of the main perks which employees look for. Medical insurance of employees, training programs, and work-from-home opportunities are a good substitute for salary hike. Flexible schedules and a friendly atmosphere with frequent breaks are also a major factor to include. It is important to negotiate the benefits with the employer to make the workplace less stressful.
3. What should a company consider while increasing the pay range of employees?
When deciding whether to increase the salary of its employees, a company should consider a number of factors, including the current market rate for similar positions and the effect the increase will have on its employees’ morale and productivity. When it comes to increasing the salary of its employees, a company should consider the value it gets from its employees, the amount of time and energy its employees put into their jobs, and the impact their employees have on the company. It is appropriate to consider the employee’s explanation for the increase, particularly if the employee has been serving the company for many years and the employee is an asset for the company. This will help the company determine if it should increase the salary of its employees or not.
Did you find this article helpful?
Our Trending Courses
MBA by Liverpool Business School MBA (Master of Business Administration) Master of Business Administration (MBA)Our Trending Skill
MBA in Finance MBA in HRM MBA in Marketing MBA in Business Analytics MBA in Operations Management MBA in International Business MBA in IT MBA in Healthcare Management MBA in General Management MBA in Agriculture MBA in Supply Chain Management MBA in Entrepreneurship MBA in Project ManagementGet Free Consultation
By clicking "Submit" you Agree toupGrad's Terms & Conditions