4 Questions to Ask When Negotiating Your Salary
When applying for new jobs and going through the interview process, it can be intimidating to talk about starting wages with your new employer. At first, job-seekers tend to take what they are given due to the excitement of being employed with a new company. However, later down the line, many applicants find that they are not earning enough wages to maintain their way of living, thus resulting in frustration, work-life dissatisfaction, and regret.
According to The Creative Group, before heading into negotiation mode, you want to think about your previous salary history and how changes to that amount may affect you later down the line. To help combat the anxiety that you may experience while negotiating your salary, here are 4 questions that you want to ask up front before taking the next steps with a new employer.
Are you open to discussing salary?
First and foremost before speaking up for yourself, you want to take into consideration that your new employer has given you a fair salary to start with. Assume that this is the best starting rate for the position in which you are applying for, but understand that many employers expect that negotiation will be apart of this process, so it’s okay to ask before shooting out numbers.
What does the salary package include?
Keep in mind that you want to appear to be open and flexible when discussing salary options, but you also want to know what is included in your hiring package. This will include insurance benefits, paid time paid off, vacation days, 401(k) contributions, education and training reimbursement, and parental leave.
Is there room for salary growth/promotion?
If this is a company that you see being a long-term choice, you want to ask the pressing question of payment increases or possible promotional growth over time. This is also great general knowledge to be aware of in case you dream of making big strides within your initial role.
Are there any bonus incentives?
Working in sales or competitive marketing fields, chances are there may be some type of bonus structure set in place that you should be aware of. Many companies do not highlight this aspect of the company because it may mean breaking the company bank if top performers are doing well.