Salary is not a constraint for the right candidate meaning
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Answer:
Salary Negotiation is an art. However there is a science behind any art. Science makes it less abstract and easier to learn. Some professionals do not believe in negotiation and consider it as bad term. It is extremely important to understand that negotiation is not a tug of war.
Suppose one receives a gift box worth 500 bucks. What would one like to see inside – a surprise or a gift one needs? Here comes negotiation – understanding the needs and wisely structure the money.
Total Salary Package Negotiation is likely to attract surprises. One must discuss ingredients of package to avoid future discontentment and conflict. While you are walking into any salary negotiation, you must get hold of figures for 7 key ingredients that form the basis for negotiation.
Explanation: Fixed Salary
Fixed Salary includes salary components which are fixed in nature and are paid every pay cycle, based on effort (time) and NOT the outcome.
. Benefits
Benefits impact bottom line of individual. Benefits are facilities which are available at low / no cost.
. Variable Salary
Variable salary is offered to achieve certain objectives of the organization. These objectives could be productivity, profitability, quality and the like.