Career Climb: 5 Considerations to make when negotiating your expected salary - The Sauce
Connect with us

Hi, what are you looking for?

topad

Featured

Career Climb: 5 Considerations to make when negotiating your expected salary

A pretty african american business woman at her company

During interviews, the question of how much you expect to earn from a particular position always pops up and this is what raises eyebrows. Reason? You are stuck in the midst and therefore lack a baseline on which to cement the many figures that are running in your head.


Generally, quoting your expected salary can ease when you have several elements to base your number on. Some candidates will throw around figures which are either too high or too low, an act which could easily weaken their possibility of acquiring that covetous position.

Before making your decision known about the salary, it is indispensable to ponder over the following guidelines:
1. Current Salary
Your existing salary will determine how much you add to the quoted amount, a figure which the company is willing to part with. Changing jobs means one wants higher pay, hence the need for sound salary negotiations.

2. Your Skills And Experience Level
Skills and experience level go hand in hand and as a basic requirement, the employer will highlight the level of experience as one of the formalities to look at when tabling his/her offer. The number of skills (both hard and soft) you possess will help you confidently pen a figure that both you and the employer are comfortable with.
The job description and demands of the job also go a long way in determining the pay.

3. Nature of the Job
Most entry-level jobs with experience levels as low as two years automatically attract a low salary hence the need to be aware of the position and its demands when negotiating salary. On the other hand, mid-level to senior positions will have competitive salaries due to the belief that you have gained experience and your value is undoubtedly high.

4. Additional Incentives That Come With The Position
Jobs that come with many perks tend to have ‘fixed’ salaries which means the possibility of getting additional allowances to the stated one is close to zero. It’s advisable to ask the employer to clarify any benefits (medical cover, company resources like vehicles, training) that accompany the job before discussing the salary.

5. The Market Rates for the Same Job
Economic conditions will influence the salaries and other remunerations that different jobs come with. This is due to cyclical demand and supply forces in the market. For instance, jobs in the Information, Communication, and Technology sector tend to fetch hefty pays due to their steady demand.

Advertisement. Scroll to continue reading.
Click to comment

Some More Sauce...

Lifestyle

Kenyans on Twitter woke up to an explicit video that has since gone viral. In the video, a woman who is known on social...

Da Squeeze

Kenyan beauty Tanasha Donna Oketch recently opened up about her life. The 24 year old former radio presenter, musician and mother of one is...

Da Squeeze

Kenya has a robust matatu culture and some people around the world love it. Award winning American singer and dancer Chris Brown yesterday (23.03.20)...

Featured

Ugandan TV journalist Simon Kaggwa Njala’s face has got to be one of the memed faces of 2019.   But how did this Ugandan...

Da Squeeze

Kenyans on Twitter are not to be messed with, they bring guns to a knife fight. The hard-hitting K.O.T recently got into a Twitter...

Da Squeeze

Famed comedian and radio host Jalang’o hosted John Otieno “Owago Onyiro” Byron, on YouTube for a candid discussion on his ventures in comedy and...

Da Squeeze

Bongo star Harmonize launched his latest album over the weekend and his former boss Diamond Platnumz is on the frontline cheering him on. Wasafi...

Da Squeeze

Bongo superstar Ali Kiba has released his latest single ‘Dodo’ which has left tongues wagging. King Kiba as he is popularly referred to debuted...