You just cleared a job interview, and now the employer or HR have mentioned the salary they want to offer, but you feel the salary is lesser than you expect and not appropriate according to your experience and skill. So you need to ask for more money. But, how to negotiate for more salary? How to ask for more money job offer?
Actually, you just can’t ask directly for more salary, that’ll be rude, and maybe there are other applicants too, so they might hire them. So if you want the job and expect more salary, then you need to ask them in a way that will be appropriate, and they agree on your terms.
So in this article, we will mention some methods and terms that you can use to ask for more money for a job offer.
Can you lose a job offer by negotiating salary?
Actually, Yes, this situation can happen, but chances are very low. This can only happen when other candidates are more experienced than you and are willing to accept a lower salary.
However, every company has some space for negotiations, and if you appropriately ask them, they may increase the salary and package. So never avoid asking for more salary if you deserve it, fearing that they may not hire. Instead, approach them in a way that they can’t deny the salary you are asking for.
How to ask for more money job offer?
According to staffing firm Robert Half, only 39% of professionals try to negotiate on their job offer, and others just accept the salary even though it is less than they expect.
This is because people either don’t have the confidence to negotiate or don’t know how to ask for more money job offer. So here are some methods that you can use to ask for more salary during a job offer:
1) Wait for them to talk about salary.
If you’re interviewing for a job, don’t be too eager to answer or raise the issue of pay. Whoever brings up the subject of money first has lost. Be careful not to mention your previous or anticipated salaries in your cover letter.
Remember that if you’ve done your homework, you’re in a position of power. Learn about the market value and unemployment rates for the position you’re seeking, and understand how tough it is for the business to find a candidate for that position
Make your decision on new employment based on your research rather than on your previous wage.
2) Be confident
Confidence in the delivery of your negotiation is just as critical as the words you use. The more self-assurance you exhibit, the more self-assured the employer will be in considering your criticism.
Inadequate confidence can also result in excessive explanations or apologies for your request, neither of which is beneficial in a negotiating situation. Rather than that, mention your proposed wage boldly and concisely, along with a brief statement of your rationale.
3) Mention your research about the job
Your salary expectation should be based on research, not on the last salary you were getting. Moreover, the research will help you to know the right pay range, and you will not expect and ask any vague number.
Rather than simply tossing out a number that sounds good, you should conduct research on the market value of your abilities in order to make a persuasive argument for your employer to reward you appropriately.
You can mention “based on my research” along with your expectations. It will show that you have done the research and made an impact on the employer. This will increase your chances of getting the job.
4) Build your case and show how you will be beneficial
Mere industry research will not work for you to get more salary. You need to show how you will be beneficial for the company. It will raise your chances of getting more money.
Once you’ve received a wage offer, resist the urge to just respond with a greater figure. Instead, emphasize your talents, outlining all the additional benefits the business would receive from hiring someone with your track record.
Prepare solid examples of how your abilities and expertise can assist your new employer’s bottom line prior to bargaining. Certifications or particular technical abilities, for example, might significantly boost your capacity to perform the job, so don’t overlook these.
5) Mention Salary range of similarly situated employees
The salary of co-workers or your friends who are in the same position you are getting hired for will help you get more money if you are being offered. This method can work for getting a raise in the same company or even in a new company.
6) Never Accept the First Offer
As soon as a corporation offers you a position, you need to show some discipline and not accept immediately. How to ask for extra money after getting a job offer requires a lot of patience. You should not accept their initial proposal. Before you accept, ask them to explain it to you. During this time, you have the opportunity to make or break your professional future.
Make a dialogue by saying something like, ‘Considering my experience and the talents I provide, I thought your offer was a little low.’
They could say, ‘Let me go to HR and see what we can do.’ If they think you’re a good fit, don’t be shocked if they come back with an offer that’s 10%–25% greater than the first one.
7) Try the saying, “If you can do that, I’m on board.”
Recruiters are frequently as impatient as you are to wrap up compensation talks. You’ll be doing recruiters and hiring managers a favor if you can be more explicit about what it will take for you to accept an offer.
Try saying, ‘I understand you can’t come all the way up to $60,000,” Adding an extra week of paid vacation to the $55,000 you mentioned would be a nice perk. ‘I’ll be on board if you can do it.”
Offers should not be met with a simple yes or no. Make an effort to convey what you hope to get from them in the end.
8) Know when to wrap up
A sensible employer will not rescind an offer just because you have sought to bargain. However, you may irritate the recruiting manager and have a bad first impression if you drag out the salary discussion. The firm may not be able to satisfy your needs after a few chats; if this is the case, gracefully withdraw and look for a better opportunity.
9) Ask for some time to consider the offer.
Never lose your composure just because you’ve been offered a job that you didn’t anticipate. Begin by asking for a little time to think over the offer you’ve received. For the most part, it gives you time to examine the offer, come up with a suitable counteroffer, and begin creating a case to support your counter offer.
If you carefully select your counter offer number and properly communicate why you’re worth it, and if you ask for extra time, your pay negotiation will be more effective.
10) See from the right perspective.
The final and most critical aspect is this: If the deal you’re in is the incorrect one, even the best negotiator might lose. Ultimately, getting the job is more important than getting the negotiation right. So see from all perspectives and don’t force much on the salary, instead see all the benefits you are getting.
How to ask for more money job offer example?
Let’s take a verbal example to ask for a more money job offer. It will help you get insight into how you can negotiate during the interview. So here are how to communicate and possible answers by the employer:
You: “I’m very excited about the job, and I know I’d be a good fit for the team. I’m also excited about your offer, and I know that I’ll be able to add a lot of value to the table because of the experience that we talked about during the interviews. I’m wondering if we could talk about a slightly higher starting salary of $60,000. If you want to hire me, I think you’ll be very pleased with how much I can help the team and the department.”
Employer: “I’m delighted that you’re interested in the role, and the team is as enthusiastic about the prospect of working with you. The post, however, is budgeted at $53,000.”
You: “I completely understand financial constraints, and I want to be as adaptable as possible while collaborating with your staff. I’m still ecstatic about joining your organization and would like to see whether $60,000 is a possibility given my unique expertise and skill set.”
Employer: “To be honest, I’m not sure this will work within our budget, but allow me to investigate. We’ll respond to your inquiry by tomorrow.”
This is how you can persuade the employer to some level, and they might fulfill a more money job offer.
How to ask for more money after accepting a job offer?
If you have not yet signed a contract or begun working for the organization, it may be relatively easier to reconsider your pay offer. As fast as possible, and before proceeding further in the process, ensure you have the dialogue.
Consider using pay comparisons or instances of how you’ll add more value to the company than your wage indicates to back up your claims in negotiations with your employer or HR.
Talk to the individual who gave you the official employment offer about renegotiating your compensation. Explain why you want to resume pay discussions transparently and rationally.
Justify your lack of preparedness to discuss compensation since you had not yet understood all of the job’s specifics. Utilize an explanation that is pertinent to your scenario.
Propose the increased wage and include supporting research to demonstrate to your prospective employer that you are attempting to be reasonable.
Your request may be denied by your recruiter. However, they may accept if you create a win-win situation.
How to ask for more money job offer email?
If the salary negotiations occur by email or the employer has asked to communicate about the job through email, you can use email to ask for a more money job offer. Here is an example of how you can ask for more money job offer email:
Subject- Salary Line
Dear (HR or Recruiter Name),
We appreciate your consideration in giving me the post of (position offered) at (company name). I am certain that I will be an excellent addition to your team, and my years in this business have given me the skills and expertise necessary to assist your firm move to the next level in the industry.
Before I accept your offer, I’d like to discuss the base compensation. With my knowledge and demonstrated skillset, I believe a salary of between (Salary you anticipate) is acceptable, which is somewhat higher than the (salary being offered) you proposed.
I am convinced that my work ethic and skills will contribute to your organization’s continued success, and I am pleased about the prospect of joining (company name). Kindly notify me when we can discuss the remuneration for this position in further detail.
I appreciate your time and look forward to hearing from you in the near future.
This was all about how to ask for a more money job offer. Always be confident while discussing your salary with your employer or HR. Moreover, always research beforehand going to interview about the company, industry, and pay range of the role. It will really help you to get the salary you expect.
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