Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Salary Negotiation and other Resume topics.
Here are a few marketplace factors to consider before negotiating salary:
• number of qualified applicants versus number of jobs in the marketplace
• typical salary range for specific position
• state of the economy
• current health of industry
• success of particular company as compared to general industry
• cost of living in specific job location
All of these factors can affect a company's ability and/or willingness to pay a higher salary.