Friday, 20 July 2012

How to negotiate offers for the Big Companies?

How to negotiate offers for the Big Companies?

"You recently got an offer from a major software company, but it’s not quite what you are hoping for. So, how can you negotiate offer? "

First of all, it’s great you're off to an excellent start by just trying to negotiate. Most people don't even do that.

Much of the standard negotiation advice applies here:
·    Having competing offers will give you leverage
·    Know what you can get another companies (goes back to the competing offers thing)
·    Being able to quantify your value to the company – what can you do for them?
·    Think big picture. Maybe you can't get a salary bump, but perhaps you can get a better signing bonus. Or maybe you can get relocation in cash, instead of the company directly paying for it. Or, perhaps you can get an agreement for an earlier review or opportunity for promotion. 
·    On the other hand you get exemplary exposure while working with high end professionals in big companies.
·    From your friends’ network, try to find someone who is already working in the organization and get information regarding the designation-pay scale criteria.
·    While negotiating with the HR, always show a sign of interest in joining the organization.
One thing to note with big companies like TCS, Wipro, Infosys, Oracle, capgemini, etc., is that they often have "levels" for employees, with a small salary range for anyone at that level. 

You have some wiggle room within that range, but larger bumps may require jumping up to the next level. You will need to understand what you need to demonstrate to reach that level, and use examples from your past to demonstrate that you have these qualities.

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