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Home » Executive Resources » Salary Negotiation

Salary Negotiation | Executive Recruitments India

In general, the salary ought to be commensurate with the qualification, expertise, and experience. But sometimes, the offer of smaller salary can be consented to if the job offers striking growth and career prospects, and also if the organization is progressive, renowned, and trustworthy. Again, an employer can keep a lower salary scale in order to make up for better compensation and benefit structures for them in the organization. A harmonious work environment and relationship with the employer, and full cooperation of the ancillary staff, are indispensable for the stable growth and

well-rounded progress and prosperity of any illustrious career.

Besides the salaries, the total compensation often includes stock options, dividends, and other performance bonuses. The use of executive dining rooms and company aircraft and cars, expense allowances, and company-paid insurance premiums and physical examinations also, are among benefits commonly enjoyed by top executives in private sectors. The chief executive officers are generally also provided with company-paid club memberships, a limousine with chauffeur, and other amenities, and
other lavish facilities.

If you are currently employed and want a raise, start by being prepared. Gather your salary survey information, recent performance appraisals that document the job you're doing, and any other relevant information. Be aware of company policy regarding compensation. Some employers are limited by budget constraints and can only give raises at certain times of the year, regardless of the circumstances. Have a clear idea of what you want. Determine the salary range you're looking for and justification for the increase and have both ready to review with your supervisor. Be flexible. Would you consider an extra couple of weeks vacation instead of a raise? I know someone who's regularly taken time-off instead of money and now has six vacation weeks a year... Then, ask your supervisor for a meeting to discuss salary. Present your request, supported by documentation, calmly and rationally. Don't ask for an immediate answer. Your boss is mostly likely going to have to discuss it with Human Resources and/or other company managers.

Despite your best efforts, there may simply not be enough money in the budget to increase your salary or compensation package offer. The company may also not want to create inequities by paying one person more than others in a similar position. In that case, you can at least know you tried. Plus, if this is a job you really think that you're going to love, consider whether the company culture, the benefits, and the job itself are worth it - regardless of the salary.

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