DEBTCC CAREER & FINANCE JOURNAL

How to negotiate better salary

Discover your true market value, research industry standards, and secure the paycheck you deserve.

By DebtCC StaffPublished: May 28, 20103 min read Legally Reviewed
How to negotiate better salary

The Art of Salary Negotiation

When you go for a job interview, you're actually selling yourself to a prospective employer, and your worth to your future employer will depend heavily upon your skills in negotiating your package.

It's not unusual to feel shy to quote a specific pay when asked openly. That's mainly because we often are not aware of our true value in the market.

When the job market is tight, learning your true market worth is essential to securing appropriate compensation.

1. Research the Company

Understand the company's financial growth trajectory and general industry ranges before attending your interview. Fast-growing firms often accommodate upper-tier compensation requests.

2. Use Salary Evaluators

Consult online compensation databases filtered by geographical region, role experience, and degree qualifications to establish objective benchmark data.

3. Evaluate Yourself

Identify your specific value drivers, rare technical skills, or proven track record of revenue contributions that justify top-tier compensation.

4. Avoid Direct Negotiation Early On

Focus first on establishing your value during initial interview stages. If asked about salary expectations prematurely, inquire about the company's established budgeted range.

5. Decline Offer if Not Satisfied

Be willing to decline sub-market offers politely. Accepting severely undervalued compensation leads to dissatisfaction and diminished performance long-term.

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Loretta Kilday

Debt Relief Specialist & Spokesperson, DebtCC

Loretta Kilday, Esq., is an accomplished litigator and transactional attorney with more than 30 years of experience across debt collection, bankruptcy, and related matters. DebtConsolidationCare features her as its spokesperson and public voice. She earned her J.D. from DePaul University College of Law and a B.S. in Finance from DePaul University.