How to Negotiate Salary for Your Next Career Move
A salary negotiation can be an arduous process because it involves balancing what think you’re worth versus what the employer thinks they can afford. However, if done correctly, it can be a positive experience for both parties, resulting in a higher pay for the employee, as well as greater employee engagement in their work. Learn how to bargain your salary in confidence.
Principal Takeaways
- Before you make a salary offer make sure you research market rates as well as industry standards to make sure that your salary offer is fair.
- Gather information through socializing with colleagues, using websites like LinkedIn Salary and Glassdoor, as well as reaching out to professional networks.
- Create talking points ahead of time, including education and certification as well as years of relevant knowledge, accomplishments and achievements as well as unique skill sets and abilities, industry expertise, and potential for training.
- During negotiations, be assured and confident but remain flexible and open-minded. Show tangible results that you achieved in your previous positions.
- Maintain a positive tone throughout the conversation and be active in your listening.
Do your research
Prior to entering any salary negotiation, you need to conduct thorough research on the market and standards in the industry to make sure that your salary proposal is reasonable. Some factors that can affect this could include experience level, company size as well as location. (?). A great method of gathering information is through networking with colleagues or other professionals within your job field.
Research Online
Utilizing online resources such as [LinkedIn Salary] (https: //www. linkedin. com/salary) and [Glassdoor] (https: //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. This will give you an idea of current market rate and a few other facets of the position.
Your Network is Important
Learn more by talking to people who have had similar positions, or contacting them via professionally-oriented networks and brainstorming with professionals in professional organizations.
Plan Talking points
Preparing for any meeting is time well spent. You’ll be much more confident in giving your argument if you are prepared with a specific set of talk points that you have outlined before the deadline.
Here are some ideas of what you may want to consider to include in your salary negotiation:
- Certification and education
- Experience gained through years of relevant work
- Achievements and results
- Unique skill set and qualities (e.g. the ability to speak two languages)
- Know-how in the field
- Potential for training
Also keeping notes/notebook handy can also help during conversations so it is not lost important details.
Be confident & concise
When you negotiate your salary, it’s important to be confident and clear. Be clear about your experience as well as your achievements and expectations for the job. It’s crucial to maintain an optimistic tone throughout the dialogue so that the person who is hiring you feels that you’re not seeming hostile.
Show tangible results
Simply saying that you are driven, hardworking, and goal-oriented may not be enough to make an impressive appeal. Therefore, provide clear data on how previous roles made significant difference to companies or what are the most valuable abilities that can benefit an organization.
Be flexible
If the employer isn’t able to agree to your salary or compensation package Being flexible and open will help open the door to dialog. You may be able to ask for alternative rewards, like performance-based bonus models instead of the Base salary(? ).
Keep your cool throughout the negotiation process regardless of how smoothly or badly it’s going being too combative or making unreasonable demands will likely cause a negative result for everyone involved.
Practice active listening
Listening is just as important as communicating during these types of conversations. Listen attentively from the your counterpart during negotiations. Listen to requested amount carefully & clarifying questions if needed, but maintaining the what you originally requested. In the end, both parties must be able to reach a satisfactory conclusion.
Learn away from these conversations and incorporate it into any future discussions you’ll probably be involved in. By following the suggestions above, you will go in the right direction to increase the chance of achieving an agreement that is mutually beneficial.
| Your network is important | Have a chat with friends who have been in similar positions or connect with professional networks as well as brainstorming members within professional organizations. |
| Prepare Talk points | Qualifications and training, Years of relevant work experience, results and achievements, Unique skills and characteristics (e.g. the ability to speak two languages) Know-how in the field, Potential for training |
| Be confident & concise | Make sure you are clear about your experience, achievements and job expectations. Focus on tangible results. |
| Stay flexible | You can inquire about alternative incentives such as incentive structures based on performance rather than Base salary. (?). Make sure to remain professional throughout the negotiation process. |
| Practice active listening | Listening is as crucial as speaking during these kinds of conversations. Take what you have learned from these conversations and incorporate it into any future conversations you’ll probably be involved in. |
Are you looking forward to your next career shift? Go through our Wangaratta Resume ‘s services today!
Frequently asked questions
What is the concept of salary negotiation?
Negotiating salary is discussing and deciding on the compensation package for a particular job. Through this process you will be able to discuss not just your salary base, but also other benefits, such as health insurance, retirement plans and much more.
Why why is it important to bargain on salary?
Negotiating your pay can provide you a better financial future and show you’re aware of what you’re worth. It can also help you avoid putting money on the table.
What is the best time to negotiate my salary?
It is ideal to begin negotiations after receiving an offer so that everyone is informed of what’s being discussed. Then, the negotiations will be focused on securing optimal terms and avoid unpleasant surprises.
What happens if I am satisfied with the offer without any negotiation?
If you accept an offer and you are satisfied with the offer, then there’s probably no need to bargain. But it’s important to communicate clearly what employers will provide with regards to things like rewards based on performance or reimbursements for career training.
Do I have the option of negotiating my salary when I change careers entirely?
Negotiating your salary after changing careers may require more planning because your prior experiences might not translate or overlap with new responsibilities. Find out what similar jobs in related fields pay to gain a robust comprehension of realistic expectations for yourself, given your particular situation.
Are you ready for your next job change? Explore the services of our Wangaratta Resume ‘s services today!
