factors that affects your bargaining power
DESCRIPTION
Many a times, potential employees leave no stone unturned to bag a better deal with an employer while negotiating for the best salary. Certain questions are attached with this phenomena, like Does the employer pay the right price for the skills and experience? Well, many a times it happens when employees find themselves in a weaker position to negotiate for the salary they deserve.TRANSCRIPT
FACTORS THAT AFFECTS YOUR BARGAINING POWERwww.salaryexpectation.com
Many a times, potential employees leave no stone unturned to bag a better deal with an employer while negotiating for the best salary. Certain questions are attached with this phenomena, like Does the employer pay the right price for the skills and experience? Well, many a times it happens when employees find themselves in a weaker position to negotiate for the salary they deserve.
There are some factors that affect the salary negotiation power of a potential employee that includes:
1. Experience: Ideally, employee with a rich experience will be in a better position to bag a good deal for himself.If the desired experience matches up with the candidates’ experience, it normally results in higher salary.
2. Education: Earning a degree from a top notch school always make a big difference. It always helps to bag a good deal whilst pass-out from a school that is considered to be a weak may leave in a situation wherein the candidate is not able to bargain for the salary he deserve. Here, the tip for the potential candidates is to enhance the knowledge basket so as to have a good job with a handsome salary.
3. Performance based pay: In many leading organizations, there is a criteria of fixing the salaries in accordance with performance. Higher the performance is better the salary would be. Performance at work has a direct and a greater impact on salary.
4. Immediate Supervisor: This could be the immediate boss or the one who team mate directly reports to. Furthermore, if the reporting manager has a direct stake or say, a great saying on the company’s decision, then this really affects your pay packet. A person who stands for the higher rank on a corporate hierarchy always has the discretion to influence the important decisions.
5. Leadership traits: The more leadership skills you reflect, better you are considered to be a good leader. And, as a matter of fact, good leader handles the team. Team handling skills always fetch the employees a handsome salary,thus, improving the salary negotiation.
6. Authentic certifications: Certifications and professional memberships always help to improve the salary negotiation. Employees without the desired certification are in a weaker state to bargain the salary.
Simple techniques and planned strategies could help the potential employees to negotiate the salary they always deserves.
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