How to Negotiate Salary for Your Next Career Move
A salary negotiation is difficult to talk about, because it involves balancing what you consider your worth and what the employer thinks they’re able to pay. However, if done correctly it can be an enjoyable experience for both parties that results in a better salary for the employee, as well as greater engagement of the employee in their job. Here’s how to bargain your salary in confidence.
Key Takeaways
- Before you negotiate your salary study market rates and industry standards to ensure that your salary offer is fair.
- Find out information by networking with colleagues, using online tools like LinkedIn Salary and Glassdoor, and also reaching out to professional networks.
- Prepare talking points ahead of the time, including education and accreditation as well as years of relevant experience, results & achievements, unique skill set & abilities, industry expertise, and potential for training.
- During the negotiation, be confident and clear, but be flexible and open-minded. Show tangible results that you’ve had in your previous positions.
- Keep a positive and upbeat tone throughout the conversation and make sure you are listening actively.
Do your research
Before you begin any pay negotiation, it’s crucial to conduct thorough research on market rates and industry standards to make sure your salary offer is reasonable. Things that may affect this could include experience degree, size of the company and the location of the company. (?). Another great method to gather information is to make connections with colleagues and others within your job field.
Research Online
Utilizing online sources, like [LinkedIn Salary] (https: //www. linkedin. com/salary) and [Glassdoorglassdoor (https: //www. glassdoor. com/Salaries/index. Htm) You can find a more substantial approach towards the salary range that benchmarking that companies offer for the exact job. This will give you an idea about current market rate plus few other factors related to the job.
Your Network Is Essential
Get insight from talking to colleagues who have been in similar positions, or contacting them via the professional networks and brainstorming with members of professional associations.
Plan Talking points
Time spent preparing for any negotiation is always well spent. You’ll be much more confident when presenting your case if you have a clear list of points to discuss ahead of time.
Here are a few examples of what you might consider during your salary negotiation:
- Training and certification
- Experience gained through years of relevant work
- The results and accomplishments
- Unique set of skills and attributes (e.g. the ability to speak two languages)
- Knowledge of the industry
- Training potential
Also keeping notes/notebook handy can assist during conversations to ensure it is not lost crucial points.
Be confident & concise
In a negotiation for a salary it’s crucial to appear confident and clear. Make sure you are clear about your past experiences accomplishments, your job goals and achievements. It’s essential to maintain a positive attitude throughout this conversation so that the employer feels like you’re not coming across as aggressive.
The Key to Tangible Results
Simply stating one is ambitious, hardworking, and goal-oriented might not be enough for an strong appeal. Make sure to provide precise statistics on how previous roles made significant difference to companies or how valuable are specific qualities that benefit the organization.
Remain flexible
If your employer isn’t able to agree to your salary request or compensation arrangement being flexible and open will help open the door to dialog. You can inquire about alternative rewards, like performance-based bonus models instead of the Base salary(? ).
Keep your cool during the negotiation process - regardless of how well or poorly it’s going: Being too aggressive or imposing unreasonable demands can result in an unfavourable outcome for all parties involved.
Practice active listening
Listening is as crucial as communicating during these kinds of conversations. Pay attention to other party during negotiations hearing the amount requested carefully and clarifying doubts, if necessary, while gently sticking with original request. Ultimately both parties should achieve satisfactory results.
Use the lessons you’ve learned from these discussions and incorporate it into any future negotiations you’ll likely take part in. The tips mentioned above will go an enormous way to increasing the chance of achieving positive, mutually beneficial results.
| Your Network is Important | Talk to your friends who’ve held similar roles or reach out to networking networks for professionals as well as brainstorming members of professional associations. |
| Prepare talking points | Qualifications and training, Years of relevant experience and accomplishments, Unique skill set and qualities (e.g. multilingualism), Industry knowledge, Training potential |
| Be confident & concise | Make sure you are clear about your experience as well as your achievements and expectations. Make sure you highlight tangible results. |
| Remain flexible | You can inquire about alternative incentives such as the performance-based bonuses instead of Base salary (?). Be sure remain professional during the negotiation process. |
| Practice active listening | Listening is as crucial as speaking during these kinds of conversations. Learn away from these conversations and incorporate them into future negotiations that you’re likely to take part in. |
Are you looking forward to your next career shift? Check out Whyalla Resume ‘s services today!
Frequently Asked Questions
What is the concept of salary negotiation?
Salary negotiation is the process of discussing and deciding on the compensation package for a job. When you negotiate this, you can discuss not just the salary you earn, but also other benefits like retirement plans, health insurance as well as other benefits.
Why why is it important to discuss salary?
Negotiating your salary can give you a greater financial future and also show that you are aware of your worth. It also helps you avoid putting money on the table.
How soon should I negotiate for a raise?
It’s best to begin negotiating following the acceptance of an offer to ensure everyone is conscious of what’s being negotiated. Then, the discussions are focused on negotiating optimal terms and avoid unpleasant surprises.
What if I am happy with the offered package with no negotiation?
If you accept an offer and are happy with the offer, then there may be no need to negotiate. However, it’s still essential to be clear about what your employer’s expectations in terms of things like the performance-based bonus or career-training reimbursements.
Can I negotiate my salary if I change careers entirely?
Negotiating salary when you change career paths may require added preparation because your past experiences may not be directly applicable or relate to the new duties. Learn about the salaries similar to those in related fields pay, to develop a thorough knowledge of the realistic expectations you can set for yourself, given the particular circumstances you face.
Are you looking forward to your next career shift? Check for our Whyalla Resume ‘s services today!
