Wage Negotiations

Wage Negotiations

The labor market is a process of buying and selling. Applicant sells its knowledge, skills and experience, and the employer gets all this for the money (wages). So one of the most important elements of the interview process is discussions on labor compensation. In principle, the wage negotiations can be divided into two main stages. This period of preparation for the interview, where do you set a series of questions that need to be to find satisfactory answers. The second stage – this is just tender, then there is an interview. Consider these points in more detail.

The preparatory stage. It is necessary to gather information about the situation on the labor market. In Ideally, of course, such an analysis should be done regularly to keep abreast of major trends in the labor market. In the analysis necessary to determine the lower and upper limits of remuneration, as well as average wages. Analyze the data necessary in the context of their positions and qualifications. Next, determine how many jobs have this or that wage. You also need to know how satisfied the demand from by employers with respect to different levels of monetary compensation if there is excess supply on the part of candidates, and how much money they do want to receive. Followed by an analysis of their abilities. What personal and professional skills can allow you to qualify for a higher salary? After all, the employer is considering a candidate only from the standpoint of effective use, profits, he can bring to the enterprise.

Comments are closed.