For many jobseekers one of the most intimidating parts of the interview process is negotiating your salary, but according to recruiting experts Hays in Hong Kong you can step confidently into these negotiations by preparing and getting your timing right.
“Most people know how to negotiate their next salary rise when they are in a job and can prove the value they are adding to an organisation, but they are not so sure about negotiating during the recruitment process,” said Christine Wright, Managing Director of Hays in Asia.
“In our experience, the main reason that people run into trouble at offer stage is usually because they are unhappy with one or more aspects of the offer – usually the salary – but are uncertain how to proceed.”
According to Christine, most people have a salary target in mind when they start looking for their next job, but you shouldn’t raise it when you first meet a hiring manager. “The issue of salary is usually raised towards the end of your second interview if you are the preferred candidate,” she said. “This is your ideal time to negotiate.
“If salary isn’t brought up, a job offer will be made verbally before a formal written offer is made. This verbal offer stage is the next best time to negotiate since you are now firmly positioned as the employer’s top choice.
“Thank the hiring manager for their offer, affirm your enthusiasm for the role and organisation, and explain that you’d like to discuss the compensation package on offer.
“Never verbally agree to an offer and then ask to negotiate the salary, or any other aspect of the role, once you have received the written contract.”
Christine shares this advice for negotiating your salary during the recruitment process:
• Keep the lines of communication open;
• Tell your recruiter or the hiring manager that you are very interested in the position, but that you would like to discuss the salary;
• Discuss openly and professionally how much you think you are worth;
• Research current salaries before your interview – look at a current salary guide, such as the Hays Salary Guide, to ensure your expectations are realistic;
• Speak to your recruiter and listen to their advice – we are experts in recruiting and can advise you on current market trends;
• Use your research to support your salary position;
• Don’t make your salary pitch too early – wait until you know you are the preferred candidate;
• Your recruiter can also negotiate on your behalf without the risk of jeopardising your offer.
In her final piece of advice, Christine says you should not expect an immediate response. “The hiring manager will need to gain approval from their manager for any revision to an offer. But once they respond, you should accept in a timely and professional manner,’ she said.
Hays is located in Hong Kong at Unit 5803-7, The Centre, 99 Queen's Road Central, Hong Kong. Phone +852 2521 8884 or email Dean.Stallard@hays.com.hk
Hays, the world’s leading recruiting experts in qualified, professional and skilled people.
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For further information please contact Kerryn Celine, Senior Marketing Executive - South East Asia at Hays, on +61 2 8226 9844 or firstname.lastname@example.org