![]() By asking for more, it can help you secure your ideal salary even if the employer negotiates downward from the request. When developing a salary counteroffer, you may want to provide a figure slightly higher than desired. Some companies may not have the ability to provide a higher salary, so you can try to negotiate existing or new benefits as a back-up plan. If not, then you can use both compensation areas during the negotiation process. In some situations, you may find that the additional benefits compensate for a lower-than-desired salary. If the initial salary does not satisfy you, look at the benefits package offered to you. Now you need to thoroughly review the job offer and assess it against your research. The hiring manager already has shown interest, so this is your opportunity to remind them why they picked you amongst the other candidates. Combining this information with your research can make a compelling case for your counteroffer. Think about what differentiates you from other candidates, such as the specific accomplishments you have reached in your career or the results you created for other employers. Assess your qualifications and experienceīeyond industry standards, you can demonstrate why you deserve more compensation by outlining the valuable skills and experiences you provide as an employee. Related: How To Provide Your Desired Salary (With Tips and Examples) 3. Further, companies may make these adjustments to stay competitive with other employers in the industry. This information can help you determine what compensation would make you feel comfortable. Knowing the area's cost of living can also help ensure the salary meets your personal needs. You can ask industry connections about your position's average salary or use resources like Indeed's Salary Calculator. If you counter the initial salary offer, you need evidence to support your request and demonstrate why it is reasonable. Conduct research on industry compensation During this time, you will perform research and prepare yourself to make a reasonable and fair counteroffer. To respect their time and efforts, try to limit yourself to two or three days. Typically, they can provide a deadline for your response-otherwise, you may be able to set the timeline yourself. Then you can ask them for time to think over your decision. Showing gratitude can demonstrate your thoughtfulness and professionalism. ![]() When you receive a job offer, you first want to thank the employer for their consideration. You can use the following steps as guidance when countering a job offer to negotiate your compensation: 1. Related: What To Expect in a Job Offer Letter with Examples How to make a salary counteroffer From there, the hiring manager will decide whether to accept, decline or negotiate the counteroffer. ![]() In their counteroffer, the candidate expresses their thanks and states their request using supporting evidence or justification. They can provide a specific salary amount or compensation request verbally or in a written format, such as a letter or email. Candidates often counteroffer when they feel that the salary offered does not meet their needs, level of experience or the industry average. What is a counteroffer?Ī job candidate makes a counteroffer if they disagree with the initial job offer. In this article, we provide steps for making a salary counteroffer during the hiring process. With an effective counteroffer process, you can come to an agreement that satisfies your needs, along with those of your potential employer's. In this situation, you may consider making a counteroffer first to negotiate a new starting salary or employment terms. While receiving a job offer is an exciting development in your career, you may not always receive everything you wanted initially.
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