Graduating is an achievement in itself. But the real challenge begins from when you begin to attend interviews. When you successfully clear one and receive the first job offer, you tend to get overwhelmed. But, hold on! Just because you do not have prior working experience, you need not accept the offered salary. Do not hesitate to negotiate on the entry-level salary. Read this post to grab a few tips on how to negotiate salary for first job.
Have Right Attitude:
Be professional while communicating with the employer. Maintain a conversational tone at the time of salary negotiation. A demanding tone might not always be appealing and helpful. Be prepared to answer why you should be paid more. The skills you acquired during your education should be the main tools supporting you.
Do Your Research:
Before accepting an offer, be well informed by doing your research. Check out social websites to learn the average salary packages in your concerned field. Additionally, learn about the roles and responsibilities of that particular job. It is a good idea to present the recruiter with a range of expected pay, beginning with the least accepted pay.
Do not forget to ask about the salary in hand, as you will have deductions every month towards a few components in the salary slip. Take a written offer, for you to evaluate all the aspects carefully. If you got the offer in the verbal form, ask when you can get it in written form and how much time you have to accept the same.
Ask For Employee Benefits:
Apart from salary package, you should also consider the perks offered by the company. Employee benefit programs are designed to care for the employee’s wellness, so that they are healthy and productive. Look for the benefits offered to you by the company like commute facility, food coupons, insurance, moving allowance, vacation time, etc.
Try to get connected with existing employees through social media platforms and learn about the company culture and benefits offered. Before deciding on joining an organization, it is important to get an overview on how your peers and management think about the organization. Knowing their vision for the company, helps you build career and future during the primitive years.
In a nutshell, it never hurts to negotiate your salary, even when if you are accepting your first job offer. At some point, you either have to accept or decline the offer. Whatever you decide to do, show a positive and enthusiastic attitude. Show that you are grateful for the offer.
Besides taking these proactive measures for first salary negotiations, be proactive with savings and planning as well. Having a financial plan in place, from the very beginning, helps do the right things with every penny you earn. Divert your earnings to the right investments channels, where the effect of compounding works wonders. To get more personal finance advice, approach online advisories like ArthaYantra. We help you prepare a complete financial plan, considering all your life goals.
As you grow in your career let your investments grow and secure your future!