When jobseekers should start discussing salary
MEDIA ALERT
When jobseekers should start
discussing salary in an
interview
Auckland, 5 July 2017 – No matter how promising the opportunity, there’s no denying that salary is a major factor when accepting a job offer. For many New Zealanders, being compensated fairly for their skills and experience impacts job satisfaction. However, it’s important to broach the salary conversation with a prospective employer at the right stage and with the right job interview preparation.
Megan Alexander, General Manager Robert Half New Zealand said: “There’s usually quite a bit of churn in the employment market around the middle of the year as ambitious professionals look to change jobs. Industry and economic conditions are important considerations for new employees looking to negotiate a higher starting salary.”
“After jobseekers have shown their prospective employer why they’re worth hiring during the hiring process, they’ll need to demonstrate what added value they can bring to the company in order to negotiate a higher starting salary. It’s important to remember to put yourself in your potential employer's shoes before you start discussing remuneration – if you’ve proven yourself to be a serious and valuable prospect for the job, you're likely to get the best result.”
The three factors jobseekers should consider before discussing salary during the interview process
1.
Avoid salary talk during the courtship
phase
The first interview is an opportunity for
your potential employer to get to know you and identify your
attributes and strengths. Before starting a dialogue about
your salary expectations, you need to display suitability
for the role and be sure the job is right for you. Waiting
until the second or third interview is much wiser for
discussing salary. Once you’re confident the company is
interested, you can lay your cards on the
table.
2. Don’t imply
that money is your sole motivator
Although
opportunities for a higher salary can be a catalyst for your
decision to change jobs, suggesting that it’s your biggest
motivation is a grave mistake. Discussing salary during the
initial interview, or referencing it in your cover letter or
resume, can send the message that you value dollar signs
over opportunity and experience.
3.
Make sure you leave room for
negotiation
When you do decide to discuss wages,
don't mention a specific figure – provide your preferred
salary range instead. Showing that you're flexible is the
first step towards negotiating a pay packet that’s viable
for your employer and reflects your ambitions. Arm yourself
with information by surveying friends in your industry and
checking out salary guides to assess your market rate. If
you do your research, you'll be better equipped to
negotiate.
Here are some important tips to remember as part of preparing to negotiate:
•
Get your figures right
Do some homework
and research the latest salary trends for your city,
industry and job title by reviewing compensation surveys and
publications such as the 2017 Robert Half Salary Guide, and
talking to colleagues and recruiters.
•
Present a solid case
You need to be able
to talk specifically about your skills, experience and prior
successes, especially those that have had measurable effect
on the bottom line. This will definitely benefit you when
the time comes for salary negotiation. Don’t be afraid to
let your enthusiasm for the role show – your passion can
be contagious.
• Don’t get ahead of
yourself
Wait for the hiring manager to bring up
the salary discussion and make sure you fully understand the
requirements of the position before answering questions
about your preferred pay. Ask prospective employers what
they think would be an appropriate pay range for the
position so you can avoid giving a figure that is too high
or low.
• Don’t
bluff
It’s never a good move to mislead a
prospective employer about your current compensation or
other higher-paying job offers in an effort to get more
money. Instead, emphasise the value you can bring to the
firm, and be honest about your desired
salary.
When it comes to receiving a job offer and negotiating salary, here are a few considerations:
• Always try to
negotiate – If you’re offered a salary that doesn’t
meet your expectations, it’s okay to request additional
compensation. Employers may start at the lower end of their
salary range, leaving room to move.
• Think
beyond the pay packet – Be sure to look at the full
picture when evaluating a job offer. The job you love could
offer a generous benefits package or opportunities to learn
and grow with the company, which may compensate for a lower
starting salary.
• Get it in writing – You
can informally accept a job offer over the phone, yet make
sure that you get an offer in writing stating the salary.
It’s never a good idea to formally accept a job offer
without seeing it in writing first.
The full 2017 Robert Half Salary Guide can be downloaded via this link.
##
MEDIA ALERT
When jobseekers should start
discussing salary in an
interview
Auckland, 5 July 2017 – No matter how promising the opportunity, there’s no denying that salary is a major factor when accepting a job offer. For many New Zealanders, being compensated fairly for their skills and experience impacts job satisfaction. However, it’s important to broach the salary conversation with a prospective employer at the right stage and with the right job interview preparation.
Megan Alexander, General Manager Robert Half New Zealand said: “There’s usually quite a bit of churn in the employment market around the middle of the year as ambitious professionals look to change jobs. Industry and economic conditions are important considerations for new employees looking to negotiate a higher starting salary.”
“After jobseekers have shown their prospective employer why they’re worth hiring during the hiring process, they’ll need to demonstrate what added value they can bring to the company in order to negotiate a higher starting salary. It’s important to remember to put yourself in your potential employer's shoes before you start discussing remuneration – if you’ve proven yourself to be a serious and valuable prospect for the job, you're likely to get the best result.”
The three factors jobseekers should consider before discussing salary during the interview process
1.
Avoid salary talk during the courtship
phase
The first interview is an opportunity for
your potential employer to get to know you and identify your
attributes and strengths. Before starting a dialogue about
your salary expectations, you need to display suitability
for the role and be sure the job is right for you. Waiting
until the second or third interview is much wiser for
discussing salary. Once you’re confident the company is
interested, you can lay your cards on the
table.
2. Don’t imply
that money is your sole motivator
Although
opportunities for a higher salary can be a catalyst for your
decision to change jobs, suggesting that it’s your biggest
motivation is a grave mistake. Discussing salary during the
initial interview, or referencing it in your cover letter or
resume, can send the message that you value dollar signs
over opportunity and experience.
3.
Make sure you leave room for
negotiation
When you do decide to discuss wages,
don't mention a specific figure – provide your preferred
salary range instead. Showing that you're flexible is the
first step towards negotiating a pay packet that’s viable
for your employer and reflects your ambitions. Arm yourself
with information by surveying friends in your industry and
checking out salary guides to assess your market rate. If
you do your research, you'll be better equipped to
negotiate.
Here are some important tips to remember as part of preparing to negotiate:
•
Get your figures right
Do some homework
and research the latest salary trends for your city,
industry and job title by reviewing compensation surveys and
publications such as the 2017 Robert Half Salary Guide, and
talking to colleagues and recruiters.
•
Present a solid case
You need to be able
to talk specifically about your skills, experience and prior
successes, especially those that have had measurable effect
on the bottom line. This will definitely benefit you when
the time comes for salary negotiation. Don’t be afraid to
let your enthusiasm for the role show – your passion can
be contagious.
• Don’t get ahead of
yourself
Wait for the hiring manager to bring up
the salary discussion and make sure you fully understand the
requirements of the position before answering questions
about your preferred pay. Ask prospective employers what
they think would be an appropriate pay range for the
position so you can avoid giving a figure that is too high
or low.
• Don’t
bluff
It’s never a good move to mislead a
prospective employer about your current compensation or
other higher-paying job offers in an effort to get more
money. Instead, emphasise the value you can bring to the
firm, and be honest about your desired
salary.
When it comes to receiving a job offer and negotiating salary, here are a few considerations:
• Always try to
negotiate – If you’re offered a salary that doesn’t
meet your expectations, it’s okay to request additional
compensation. Employers may start at the lower end of their
salary range, leaving room to move.
• Think
beyond the pay packet – Be sure to look at the full
picture when evaluating a job offer. The job you love could
offer a generous benefits package or opportunities to learn
and grow with the company, which may compensate for a lower
starting salary.
• Get it in writing – You
can informally accept a job offer over the phone, yet make
sure that you get an offer in writing stating the salary.
It’s never a good idea to formally accept a job offer
without seeing it in writing first.
The full 2017 Robert Half Salary Guide can be downloaded via this link.
##