Salary negotiation is an art which can be mastered quite easily. If you keep some simple points in mind during salary negotiation you can get that dream salary. Most of the companies have a well defined system for increasing employee compensation but more often than not employees need to do salary negotiation with management. Here is how you should do salary negotiation:

Step 1
Talk directly to your manager for salary negotiation. Don’t email, don’t talk on the phone but talk with your manager in person when doing salary negotiation. This will put across the point that you are really serious about salary negotiation.

Step 2
Explain why your employee compensation should be hiked. Saying that you have been working too long at same salary is no good during salary negotiation. Start salary negotiation by talking about how your performance has not been appreciated, Keep your salary negotiation centered around how you have always excelled at your job, how your peers with similar responsibilites have been rewarded etc.

Step 3
Be specific during salary negotiation. Give specific examples of where you out performed and exceeded expectations when you negotiate salary. Good examples help you to put your point across during salary negotiation. Read the rest of this entry »