How to Negotiate Salary for Your Next Career Move
A salary negotiation is a difficult conversation, as it involves balancing what you consider your worth and what the employer thinks they’re able to afford. But, if it’s done correctly it could be a positive experience for both the employer and employee, which results in a better salary for the employee and a greater employee engagement in their work. Here’s how to negotiate your salary confidently.
Principal Takeaways
- Before you negotiate your salary make sure you research market rates as well as industry standards to ensure that your salary proposal is realistic.
- Find out information by networking with colleagues, using online resources like LinkedIn Salary and Glassdoor, and reaching out to professional networks.
- Make a list of talking points ahead the time, including education and certification, years of relevant knowledge, accomplishments and achievements, unique skill set & abilities, industry expertise, and potential for training.
- In the course of negotiations, you should be assured and confident but remain flexible and open-minded. Bring out tangible results you have achieved in previous positions.
- Maintain a positive mood throughout the conversation and make sure you are listening actively.
Do your research
Before entering into any pay negotiation, it’s crucial to conduct a thorough investigation of standard industry rates and market rates to make sure your salary offer is reasonable. Things that may affect the amount you are offered could be experience levels, the size of your company and the location of the company. (?). One great way to gather information is to network with colleagues and others who are in the same area of work.
Research Online
Utilizing online resources such as [LinkedIn Salarywith the help of certain online resources such as [LinkedIn Salary] (https: //www. linkedin. www.linkedin.com/salary) and [Glassdoorglassdoor (https: //www. glassdoor. com/Salaries/index. Htm) you can get more substantial approach towards the benchmarking range of salary businesses pay for the same role which will gives you an idea of current market rates and other factors related to an employment.
Your Network Is Essential
Get insight from talking to colleagues who have been in similar positions, or contacting them via professionals networks in addition to brainstorming members of professional associations.
Prepare Talking points
Preparing for any meeting is time well spent. You’ll be more confident in making your case if you have a clear list of points to discuss before the deadline.
Here are a few examples of what you might consider to include in your salary negotiation:
- Training and certification
- Experience gained through years of relevant work
- Performances and results
- Particular skill set and traits (e.g. language proficiency,)
- Know-how in the field
- Potential for training
The idea of keeping a notepad and/or notes handy could assist during conversations to ensure that one doesn’t miss any important information.
Be confident & concise
In a negotiation for a salary, it’s important to be confident and clear. Make sure you are clear about your past experiences accomplishments, your job goals and achievements. It’s crucial to maintain your tone of voice positive throughout the discussion so that the employer doesn’t feel like you’re coming across as unfriendly.
Highlight the tangible results
Simply stating one is ambitious, hardworking, and goal-oriented may not be enough to generate an impressive appeal. Make sure to provide precise statistics about how your previous positions made a distinction in businesses or how valuable are specific abilities that help an organisation.
Remain flexible
If your employer isn’t able to agree to your salary request or compensation package outright being flexible and open will allow for dialogue. You could ask about alternative rewards, like performance-based bonus arrangements instead of Base salary(? ).
Keep your cool throughout the negotiation process - regardless of how well or poorly it’s going: fighting too much or making unreasonable demands can cause a negative result for everybody who is involved.
Practice active listening
Listening is just as important as speaking during these kinds of conversations. Be attentive to the your counterpart during negotiations. Listen to requests carefully and clarifying doubts if at all while keeping to the initial request. The goal is to come out with acceptable results.
Take what you have learned from these discussions and incorporate it into any future discussions you’ll probably be involved in. Applying the advice above goes an enormous way to increasing the chance of achieving mutually beneficial outcomes.
| Your network is important | Talk to your friends who have held similar roles or reaching out through networking networks for professionals in addition to brainstorming members of professional associations. |
| Create Talk points | Education & certification, Years of relevant experience, Performance and accomplishments, Unique skills and characteristics (e.g. bi-lingualism) Knowledge of the industry, Potential for training |
| Be confident & concise | Speak clearly about your experiences your accomplishments and expectations for the job. Make sure you highlight tangible results. |
| Keep your mind open | You can inquire about alternative incentives such as incentive structures based on performance rather than Base salary (?). Be sure remain professional during the negotiation. |
| Practice active listening | Listening is equally as important as communicating during these types of conversations. Take what you have learned away from these conversations and apply it to future negotiations that you’re likely to take part in. |
Are you looking forward to your next career move? Go through the services of our Maryborough Resume ‘s services today!
Frequently Asked Questions
What is salary negotiation?
The process involves discussing and deciding on the compensation plan for a position. During this process you are able to discuss more than only your base salary but also additional benefits such as health insurance, retirement plans and much more.
Why why is it important to negotiate salary?
Negotiating your pay can provide you a greater financial future as well as show that you’re aware of what you’re worth. It can also help you avoid leaving money on the table.
When should I start negotiating my salary?
It is ideal to begin negotiations after you have received an offer, so everyone is aware of what is being negotiated. So, negotiations will focus on securing perfect terms while avoiding unexpected unintentional surprises.
What happens if I am satisfied with the offer with no negotiation?
If you receive an offer and are content with it, then there’s probably no need to discuss it. However, it’s essential to communicate clearly what employers will provide regarding things such as compensation for training or performance-based bonuses.
Do I have the option of negotiating my salary when switching careers completely?
The negotiation of salary for changing career paths may require added training because your previous work experience might not directly translate or overlap with new responsibilities. Research what similar roles in similar fields pay in order to get a solid understanding of realistic expectations for yourself, given the specific circumstances.
Are you ready for your next job change? Go through for our Maryborough Resume ‘s services today!
