Many overseas candidates are anxious about “salary bargaining” because of the cultural and linguistic difficulties. For the most part, they are worried about losing out on significant employment opportunities if their compensation demands are turned down, and they are also worried that the money they get from their employer falls short of their expectations at times. What is the greatest approach to get a decent compensation from your employer?
How is Negotiating Salary in China
The interviewer asks, “Which is more essential, the business or the salary?”
In my experience, most expats are more concerned with the company than they are with the country. With the help of an employer, they believe that a lower salary isn’t a big deal as long as they can receive good work experience in China.
That is, after all, a plausible scenario. When asked this question, employees should never say anything like, “If I could get a job offer from you, I wouldn’t mind the pay.” It’s possible that if your employer understands how you really feel about your pay, they’ll try to persuade you to accept a pay cut.
As long as you are able to keep control over “the amount of money,” requesting a raise during a negotiation does not always mean that your request will be refused. If the HR is willing to give you 10K RMB for a month’s salary, you may ask for 11K RMB, however 12K RMB may be a bit too much.
Negotiating a Salary When You’re Changing Jobs
Think about something as simple as going shopping.
At a clothing store, you see a beautiful coat, but the price tag of 7500 RMB is out of your budget range. A lower price of 6000 RMB is agreed upon, but the saleswoman insists that this is the lowest price and that she will not get any benefits in exchange for your purchase. She then proceeds to showcase the superior materials and design in an effort to persuade you to pay more. Despite the fact that the coat may cost up to 5000 RMB, you opt to buy it for 6500 RMB. The term “anchoring effect” is used in psychology to describe this phenomena.
To begin the “salary negotiating” process, envision yourself as a salesperson and human resources as a client. If you think you can only obtain 20,000 RMB, shoot for 30,000 RMB instead. To this, we’ll add another 50%. Even if you think 30.000 RMB is an outrageous figure, keep your confidence in yourself. Despite the fact that the high salary is well out of their budget, your potential employer is likely to assume that you have the ability to match the high salary you are being offered. In order to persuade you to accept a “lower” price (maybe 20,000 RMB!), they will present you with various grounds for haggling with them. Your ideal career with a competitive salary will be yours!
Moreover, you must know How Much Can You Earn As An English Teacher in China so that you can figure out how much you should ask for in order to be taken into account by your company.