How to Negotiate Salary for Your Next Career Move
A salary negotiation can be difficult to talk about, because it is about balancing what you believe you’re worth with what the employer thinks they’re able to pay. If done properly it could be a positive experience for both sides that results in a higher pay for the employee and greater employees’ engagement in their jobs. Here’s how you can negotiate your salary with confidence.
Key Takeaways
- Before you make a salary offer, research market rates and industry standards to ensure your salary offer is fair.
- Gather information through socializing with colleagues, using websites like LinkedIn Salary and Glassdoor, and reaching out to professional networks.
- Create talking points ahead of time, including education and certifications as well as years of relevant experience, the results and achievements and unique skills capabilities, knowledge of the industry, and the potential for further training.
- In the course of negotiations, you should be confident and articulate but also flexible and open-minded. Bring out tangible results you achieved in your previous roles.
- Keep a positive attitude throughout the conversation, and be active in your listening.
Do your research
Prior to entering any salary negotiation, it’s important to do thorough research on market rates and industry standards to make sure your salary offer is reasonable. Some factors that can affect the amount you are offered could be levels of experience degree, size of the company as well as location. (?). One way to gather information is to network with colleagues or other professionals within your job field.
Research Online
With the help of internet-based resources like [LinkedIn SalaryWith the help of some online resources like [LinkedIn Salary (https http://www. linkedin. www.linkedin.com/salary) and [Glassdoorglassdoor (https http://www. glassdoor. com/Salaries/index. Htm) you will get a an additional perspective on the benchmarking range of salaries businesses are providing for same job. It will provide you with an idea of the market rate plus few other factors related to the position.
Your Network is Essential
Gain insight by speaking to colleagues who have been in similar roles, or reaching out via professionals networks and brainstorming with members of professional organizations.
Plan talking points
Time spent preparing for any negotiation is always well spent. You’ll be much more confident in presenting your case if you have a clear set of talk points that you have outlined prior to the time.
Here are a few ideas of what you could consider including in your salary negotiation:
- Education and certification
- Experience gained through years of relevant work
- Performances and results
- Unique skill set and qualities (e.g. bilingualism)
- Industry-specific knowledge
- Potential for training
A notepad or notebook can also help during conversations so that you don’t miss any crucial points.
Be confident & concise
In a negotiation for a salary it’s crucial to appear confident and clear. Be clear about your experience as well as your achievements and expectations for the job. It’s crucial to maintain a positive attitude throughout this conversation to ensure that your employer feels like you’re not appearing to be hostile.
Highlight the tangible results
Simply stating that one is driven, hardworking, and goal-oriented might not be enough to generate an appealing appeal. Therefore, provide clear data regarding the ways in which previous jobs made distinction in businesses or how important are certain abilities that benefit the organization.
Stay flexible
If your employer isn’t able to your requested salary or compensation arrangement being flexible and open can allow room for discussions. You can inquire about alternative rewards, like performance-based bonus models instead of the Base salary(? ).
Be sure remain professional throughout the negotiation - regardless of how well or badly it’s going getting too defensive or making unreasonable demands could cause a negative result for everyone that is.
Practice active listening
Listening is equally as important as communicating during these types of conversations. Be attentive to the other party during negotiations hearing specific requests and resolving questions if needed, but gently sticking with what you originally requested. In the end, both parties must arrive at acceptable outcomes.
Take what you have learned from these discussions and incorporate it into any future talks you’re likely to participate in. Applying the advice above goes a long way towards maximizing your chances of achieving mutually beneficial outcomes.
| Your network is important | Have a chat with friends who have been in similar positions or reach out via the professional network and brainstorming with members within professional organizations. |
| Make Talk points | Qualifications and training, Years of relevant experience, Results and achievements, Unique skill set and qualities (e.g. multilingualism) Know-how in the field, the potential for training |
| Be confident & concise | Talk clearly about your personal experiences your accomplishments and expectations for the job. Highlight Tangible Results. |
| Stay flexible | Ask about alternative incentives like incentive structures based on performance rather than Base salary (?). Make sure to remain professional during the negotiation. |
| Practice active listening | Listening is just as important in these types of conversations. Learn from these conversations and apply it to future discussions you’ll likely be involved in. |
Are you ready for your next job move? Explore the services of our Armidale Resume ‘s services today!
Frequently Answered Questions
What is the concept of salary negotiation?
The process involves discussing and deciding on the compensation package for a job. When you negotiate this you are able to discuss more than only your base salary but also other benefits, such as health insurance, retirement plans and many more.
Why is it important to negotiate a salary?
Negotiating your salary could give you a greater financial future as well as show that you are aware of your worth. This can help you avoid leaving money on the table.
How soon should I negotiate for a raise?
It is recommended to begin negotiations following the acceptance of an offer to ensure that everyone is informed of what’s being discussed. So, discussions are focused on negotiating the best terms, while avoiding any unpleasant surprises.
What happens if I am satisfied with the offer without negotiation?
If you receive an offer and are happy with it, there may be no need to discuss it. It’s nevertheless important to communicate clearly what the employer will offer in the form of performance-based bonuses or career-training reimbursements.
Can I negotiate my salary if switching careers completely?
The negotiation of salary for changing career paths can require extra preparation due to the fact that your previous experience may not directly translate or encapsulate new responsibilities. Learn about the salaries similar to those in related industries pay, to develop a thorough understanding of realistic expectations for yourself, in light of your specific circumstances.
Are you ready for your next job change? Explore out Armidale Resume ‘s services today!
