How To Negotiate Salary In An Interview | Salary Negotiation Techniques | Interview Tips|Simplilearn

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Don't forget to participate in the contest at 03:40! This video on How to Negotiate Salary In An Interview will acquaint you with all the tips to design your own negotiation strategy. Here, we will provide you with an outline of Salary Negotiation Techniques that can help you achieve your expected salary. So, let's begin!

The topics covered in this video on How to Negotiate Salary are:
00:00:00 Introduction
00:01:03 Understanding the Industry Salary Trends for Your Role
00:01:45 Set the Context for Your Negotiation
00:02:58 Not to Sell Yourself Short in Negotiations
00:04:03 Practice Your Negotiation Pitch
00:04:28 Listen Carefully
00:04:56 What Not to Ask During the Negotiation
00:05:44 Take Time Before Arriving at Decision

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Salary negotiation is a discussion that aims to help you secure a better salary. If you sense that your salary is not satisfactory, you should feel empowered to negotiate in order to earn what you deserve. There are several tips that will help you nail your salary negotiation discussions.

✅First and foremost, you must understand the industry salary trends for your role before entering into a negotiation. It is critical to determine the range of compensation other companies pay for that specific position based on your locality and experience. You can take inventory from your friends, colleagues, and former employees to estimate what salary you can expect.

✅Once you understand the salary trend, it’s time to set the context for negotiation. Primarily, you can focus on formulating a salary range to help you negotiate and settle your salary easily. Creating a range instead of asking for exact compensation eliminates the risk of getting under-offered or asking too much. Hence, take an average of lower salaries and higher salaries for the role you’re working on.  
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