Let's talk 02 8320 0683
As you grow in your career, salary will likely become increasingly important to you. Your skills will diversify, your experience will evolve, and you’re going to want to see that reflected in what new employers pay you.
But how do you ask for more money in a job interview? It doesn’t have to be daunting. These negotiating tips should help.
Every job is worth a certain amount, based on the average of what other employers are paying for those same skills in that area. Change city or region, and the pay typically also changes.
You can research these median salary bands by looking online – try searching for “<your job title> median salary in <your city>”. Our Job Satisfaction and Wage Trends Report contains many recent salary benchmarks, and a lot of job board websites have similar data.
This is where you would take into account three other factors:
When you know what to ask for, set yourself a salary floor – this is the minimum salary you’ll accept for the role. Any lower and you can’t say yes.
Later, you will ask for more money than this. Knowing the minimum gives you space to negotiate down.
Pay isn’t everything – perks and benefits can also significantly add to your job satisfaction. Think about what you want in your role beyond pay, considering factors like car allowance, more annual leave, insurance or wellness programs, etc.
Sort all of these perks into your ‘wants’ and ‘needs’.
In most job interviews it is the hiring manager who will bring up salary, usually by asking about your salary expectations. You’ll respond, they might make a counteroffer, and that’s it. It’s uncommon to have to haggle extensively, and you’ll rarely be the one to bring it up first.
Every so often, you’ll attend an interview where your instincts tell you the salary won't be high enough. In these cases, you may feel the need to bring it up yourself before making too much further progress.
Examples of what to say
“Before we move on, I’d love to quickly talk about salary.”
“You mentioned the perks of the job earlier, on that note I’d like to bring up salary and benefits.”
While it's not common to haggle for salary, it is important to be prepared for all outcomes to ensure you find a role which pays what you're worth.
Always clearly state your case and articulate why you expect the salary that you expect. There are two parts to this, both of which are important:
Examples of what to say
“Based on my past experience and research into the market value of the role, I’m ideally looking for something between 80 to 90K.”
“I have a lot of unique skills in this area and bring a lot of past experience to the job. With that in mind, and after doing some research into the going rate of this role in this city, I believe 70 to 80 is a competitive salary range.”
Be polite and concise as you discuss your salary. Don't feel bad for asking for an amount which seems above what this job is willing to offer – it may mean that the role isn’t right for you. You’re worth what you’re worth.
Try not to get frustrated if the hiring manager won’t negotiate – or seems to have very little bargaining room. There’s a good chance they’re working to a set budget and don’t have the authority to go outside of a preset range. This is especially true for larger companies.
Some jobs can offer a range of perks on top of pay, and here the hiring manager may be able to get more flexible.
If it looks like the company won’t move on salary, see if you can get something else. Go back to your list of needs and wants and add more to your counteroffer.
Remember, a job is a whole deal – not just a salary. You can push for a better deal in lots of ways, not just financially.
If you’re made an offer in the interview (or anytime afterwards), you don’t have to accept it straight away. In fact, it’s often best to ask for 24-48 hours to think about it.
In the event that you decide it’s too low, that extra thinking time will help you construct a well-reasoned counteroffer.
You can counteroffer in many ways, not just pay. For example, you may wish to negotiate job title, flexible working or any range of other issues.
Before making your counteroffer, take a moment to dwell on the reasons you can’t accept the offer right now and prioritise this list into the things which matter most.
Be prepared to let a few things go. Getting stuck on every small detail could stall the application process, making the hiring manager walk away. Knowing your priorities will let you add or subtract items to your counteroffer based on how willing the company looks to negotiate with you.
During a counteroffer, put all your cards on the table together. That is, don’t negotiate one thing, reach an agreement, then bring up the next thing. If it matters to you, bring it all up at the same time – that way the hiring manager can also sort their priorities.
At WOW, we specialise in connecting great talent with great roles. You don’t have to manage this process alone – we can help you structure your CV and figure out your salary expectations, and we can offer personalised job interview coaching to build your confidence.
Let’s find you a great role which pays what you’re worth – chat with us today, or submit your CV here.