How to Negotiate Salary with Job Candidates

How to Negotiate Salary with Job CandidatesHow to Negotiate Salary with Job CandidatesAfter receiving a candidates response to your offer, you must be prepared to negotiate the salary. Why? Job seekers today have access to an abundance of information on how to negotiate salary through websites and other resources, so most enter the meeting knowledgeable on the topic. To reach a fair deal, you need to be equally prepared.The first step is not unlike that in any other sort of bargaining. If the candidate suggests a higher figure than youve offered, you can choose to raise the amount of your proposal and wait for the candidate to respond or make a counteroffer. Ideally, youll arrive at an agreement within the salary range youve set for the position.Robert Half has been helping companies with their hiring since 1948. Let us help you.HIRING? WE CAN HELPHow to negotiate salary with a persistent candidateIf the candidate keeps pushing, whether you want to exceed the established range genera lly depends on two factors how badly you want the individual, and the policies and precedents in your company. When considering how to negotiate a salary offer for a particular candidate, questions businesses should consider includeAre other, equally qualified candidates available if the applicant says no? If the answer is yes, the leverage to make accommodations rests with the company.Has the job been particularly hard to fill, or are market conditions making finding and recruiting suitable candidates difficult? If the answer is yes, the leverage rests with the candidate.Will a stronger offer be significantly out of line with existing pay levels for comparable positions at your business?Regarding question 3, remember that the lack of a reasonable degree of internal equity in compensation levels diminishes the spirit of teamwork and fairness. Recognize, too, that if you decide to negotiate salary and go beyond the firms pay scale to win a really stellar candidate, you risk poor mora le among existing staff should they learn that a new hire in the same role is being paid at a higher rate. And the best-kept secrets often do get out. If youre not able to match a candidates salary request, consider expanding other components of the package instead. Applicants are often willing to compromise on base compensation if concessions are made in other areas.Flexible scheduling is one option that costs you little to nothing. Providing additional time off or opportunities to telecommute may also be acceptable to a candidate in lieu of higher wages.Maintain perspectiveDont get so caught up in trying to learn how to negotiate salary that you lose sight of whats appropriate for your organization. Sometimes you just have to walk away. If your attempts to woo a reluctant candidate fall short, the best thing to do in many cases is to cut your losses and look somewhere else. The goal at this point should be to end the process so that the candidate leaves with a feeling of being tre ated fairly and with dignity. When carried out effectively, though, your salary negotiation has a very good aussicht of ending on a positive note.Learn how to set your hiring budget and negotiate job offers by viewing Robert Halfs Salary Guide. Tags