Seven Salary Negotiation Myths

You’ve worked hard to further your education. You’ve applied for a job that fits your experience and skills perfectly. Now, how do you make sure you negotiate a salary that works for you and for the employer? Watch out for these seven popular salary myths, courtesy of WorkTree.com:

Myth #1: You must provide salary requirements
Truth: Some employers request applicants to provide salary requirements, but by choosing a number that’s too high or too low, you might eliminate yourself from consideration. If you’re truly qualified, most employers won’t toss your resume aside just because you didn’t provide salary requirements.

Myth #2: Employers dislike negotiating salaries
Truth: Most employers will feel more justified in hiring employees who fight for what they feel deserving of. There is no harm in respectfully attempting to show an employer why you’re valuable.

Myth #3: A history of low salaries will limit your future salary
Truth: More than your salary history, it’s important for you to emphasize the skills and experiences you’ve gained in previous positions.

Myth #4: Cash is always king
Truth: If an employer can’t meet your salary request, you may still be able to land more benefits, such as paid time off or bonuses.

Myth #5: A lower beginning salary offers plenty of room for growth
Truth: While you can always request a raise during future negotiations, those salary increases are often based on a percentage of your current earnings. Negotiating a higher initial salary can help you earn more for years to come.

Myth #6: Settling for less increases your chances of getting the job
Truth: This strategy can sometimes backfire and make you look less valuable to the company. It’s important to position yourself as a valuable asset that the company needs.

Myth #7: In this economy, you should take the first offer and be grateful
Truth: Most employers plan for negotiation and therefore view the initial offer as a starting point. Don’t be afraid to ask for what you think you’re worth.

Use these tips during your next salary negotiation and you may find your dream salary in addition to your dream job.