Weekly roll - Salary negotiations.
“Money runs the world”, some people would say and whether this is a truth or not depends on the individual. Money is necessary for life, our lives are part of economies that are run by money. To secure the basic needs in life one needs money to do so, so decide whether or not money runs the world.
We took to our polls this past week on the topic of money as a salary. Employees of organisations whether profit or non-profit organisations receive a type of salary or remuneration package. This mostly happens monthly as an employee is given a month to deliver on their job role and receive their pay as due. The supply and demand relationship that exists between employer and employee has an effect on the pay process.
As a graduate or experienced employee one sets out to find a suitable job for them. This is based on their qualifications, experience and sometimes preference. Employers advertise vacancies on different media to invite people to apply for those vacancies and serve the organization in that regard. The potential employee places a demand on the employer and vice versa. Depending on the demand and supply equities either party can have more bargaining power over the other. In today’s world, the demand for jobs is so high yet the supply is so low that employers have the upper hand. Employers are able to weigh down on their employees and stand firm on their offers even if they be lower than they should.
Our poll question on the jobs page asked if salary negotiations are prohibited or permissible for long term employees. Having received and accepted an offer, does it mean that it is the end of the line for you or you can sit down at the table with your employer negotiate further. Salary negotiations as a long term employee is permissible and 100% of our respondents are in agreement with this. Employers are open to it but employees need tactic to victor at this. Wait for our next poll for more.