5 Hacks to Get a Higher Salary Package at Any Company

Do you have an interview lined up? But don't know how to negotiate for the correct salary? Don't worry. Here are a few tips to help you solve the problem.

3 min read
5 Hacks to Get a Higher Salary Package at Any Company

Is it awkward deciding your worth?

Do you find it thorny to negotiate your salary?

Well, you’re not alone.

A lot of us go through the same edgy feeling of discomfort when discussing pay with employers.

This gets more intense when your employer isn’t offering what you had in mind.

So, you have to ask for a higher salary package… Awkward!

What’s important is to rise above this feeling and have a firm discussion with your employer.

You know about yourself more than anybody else. Period.

Believe in yourself!

To help you get that hike you deserve, we’ve compiled 5 super duper hacks which will put you on the right path.

But hey, you gotta walk it.

Let’s get started!

1. Know your worth

Let’s cut the BS right off the bat, you should know your worth.

But obviously, be realistic about it.

I feel like a billion bucks every day, but that’s not what my salary is.

Calculate your experience, qualification and skills that you have, read about the industry you’re in, and after good research, you will know exactly what you deserve.

You can check out salaries of any industry, company or role right here at AmbitionBox. This will help you understand what’s going on in the market.

If you have additional skills that others don’t have, you know you deserve a lot more than others.

It’s important to showcase these skills in your resume and cover letter. This will give you a better chance of getting that hike you’re looking for.

2. Build rapport with the potential employer

Now that you know your worth, it’s time to project it onto your employer.

It’s of monumental importance that you communicate with your employer. Be open in conveying what you’re capable of, your skills and your overall profile.

It’s important to get your employer on the same page about your worth as a professional. You can do that by being comfortable in communicating, being polite and showcasing your skills.

Also, maintain a good relationship with your employer. Leave an impression on a personal level too. If you can make them grow fond of you in some way, it will give you a better chance to ask for the number you want.

If you’re funny, use it. If you know books and your employer is into reading, use it.

The idea is to find that common link between you and your boss to connect on a human level.

3. Don't mention a figure first

This is probably the most important one of them all… Don’t mention a number first!

You don’t know what the budget of a particular company is for a specific position.
So, it’s better to keep a hush until they don’t mention a figure.

You might miss out on a really good offer if your figure is lower than what they were willing to offer.

Every company likes to save their expenditures, so don’t think they’ll be honest enough to give you what they had in mind when you’re asking for less.

So, wait for them to mention a number.

4. Use an exact figure to counter their offer

If they offer you something lower that you want then counter it with an exact figure.

This conveys the employer that you’ve done your research and you very well understand the market and industry trends.

If you’re unsure of the number and give them a vague window to work with, they’ll probably very easily convince you by giving some facts that you’ve never heard of.

Present yourself as a knowledgeable professional who knows their industry and role.

5. Play the walking away card

If none of the tips and tricks works then you can use this trump card.

Let your employer know that you have better options available but you were very much looking forward to working with them.

Tell them that you were hoping to join the company but can’t undercut on your salary.

If they understand your worth then they will give you the salary you want, but if it’s within reason.

If they do then great.

If they don’t then you can always find better options and companies that will see your talent.

Concluding, when negotiating your salary you must understand your worth by researching your industry, experience and skills.

Maintain a healthy relationship with your employers, don’t mention a number first and always counter their offer with an exact figure.

If going gets tough then be ready to walk away but politely making them think that they’re losing a great employee and asset.

Good luck!