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Tips How To Negotiate Salaries To Get What You’re Worth

Economist Linda Babcock of Carnegie Mellon University estimates that by not negotiating salary at the beginning of your career, you could be missing out on between $1 million and $1.5 million in lifetime earnings.

Know Your Budget

Your monthly budget is an underlying part of your salary negotiation strategy. Knowing your budget helps you identify your absolute minimum salary requirements.

Know Your Worth

Whether you are asking for a raise from your current employer or negotiating a salary with a future employer, knowing the salary range for your position is crucial.

Set Your Range

Before you negotiate, establish your range. Use these three salary figures as a guide: 1. Minimum Salary 2. Target Salary 3.  Ideal Salary

Avoid Discussing Salary History

Some cities and states have banned employers from asking questions about salary history, but it could come up. Avoid disclosing your salary history if asked about it during an interview.

Negotiate at the Right Time

Negotiating your salary after receiving an offer is generally better than during the interview process. Playing hardball during the early stages of the hiring process could eliminate you from consideration.

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