How to Negotiate Salary for Your Next Career Move
A salary negotiation is difficult to talk about, because it involves balancing what believe you’re worth with what your employer believes they’ll be able to afford. If it’s done right, it can be an enjoyable experience for both parties, resulting in a greater salary for the employee and a greater engagement of the employee in their job. Learn how to make your salary negotiation a success.
Principal Takeaways
- Before you negotiate your salary make sure you research market rates as well as industry standards to confirm that your salary offer is fair.
- Gather information through socializing with colleagues, using websites like LinkedIn Salary and Glassdoor, and reaching out to professional networks.
- Make a list of talking points ahead the time, including education and certification and years of relevant experience, the results and achievements as well as unique skill sets and qualities, industry knowledge, and training potential.
- In the course of negotiations, you should be confident and clear, but be flexible and open-minded. Highlight tangible results that you achieved in your previous roles.
- Keep a positive and upbeat tone throughout the conversation, and make sure you are listening actively.
Do your research
Prior to entering any salary negotiation, it’s important to conduct thorough research on the market and standards in the industry to make sure your salary offer is realistic. The factors that could affect this include experience degree, size of the company, and location (?). One way to gather information is to network with colleagues or others who are in the same job field.
Research Online
With the help of some online sources, like [LinkedIn SalaryUtilizing some of the online resources, such as [LinkedIn Salary (https http://www. linkedin. www.linkedin.com/salary) and [GlassdoorGlassdoor (https: //www. glassdoor. com/Salaries/index. http://www.salaries.com/index.html) you can get an extensive view of the salary range that benchmarking that companies offer for the exact job. This gives you an idea of the market prices and also other aspects related to a job.
Your Network is Vital
Learn more by talking to friends who have held similar positions, or contacting them through the professional networks as well as brainstorming members of professional associations.
Make Talk points
Time spent preparing for any negotiation is always time well spent. You’ll be much more confident when the presentation of your case if are prepared with a specific set of talk points that you have outlined prior to the time.
Here are some suggestions of things you might want to think about during your salary negotiation:
- Education and certification
- Experience gained through years of relevant work
- Performances and results
- A unique set of skills and characteristics (e.g., bilingualism)
- Industry-specific knowledge
- Potential for training
Also keeping notes/notebook handy can be helpful during conversations so that you don’t miss any crucial points.
Be confident & concise
When you negotiate your salary it is essential to be confident and articulate. Talk clearly about your work experience accomplishments, your job goals and achievements. It is important to keep your tone of voice positive throughout the conversation so that the employer isn’t appearing to be hostile.
Show tangible results
Simply stating that one is ambitious, hardworking, and focused may not be enough to create an impressive appeal. So put forward clear statistics on how previous roles made significant difference to companies or what are the most valuable skills which benefit organisation
Keep your mind open
If the employer isn’t able to your salary or compensation package Being flexible and open will help open the door to discussion. You may be able to ask for alternative incentives like performance-based bonus structures, instead of Base salary(? ).
Be sure remain professional throughout the negotiation process - regardless of how well or poorly it’s going getting too defensive or making unreasonable demands will likely cause a negative result for everyone affected.
Practice active listening
Listening is equally as important as communicating during these kinds of conversations. Listen attentively from the other party during negotiations hearing requests carefully and clarifying doubts as much as you can while keeping to the initial request. Ultimately both parties should achieve satisfactory results.
Use the lessons you’ve learned away from these conversations and incorporate them into future discussions you’ll probably be involved in. By following the suggestions above, you will go an enormous way to increasing your chances of reaching mutually beneficial outcomes.
| Your network is important | Talk to your friends who have had similar experiences or reaching out through networking networks for professionals as well as brainstorming members of professional associations. |
| Make Talk points | Qualifications and training, Years of relevant experience, Performance and achievements, Unique ability and traits (e.g. bi-lingualism) and industry knowledge. ability to train |
| Be confident & concise | Be clear about your experience, achievements and job expectations. Make sure you highlight tangible results. |
| Keep your mind open | You can inquire about alternative incentives such as the performance-based bonuses instead of Base salary. (?). You must remain professional during the negotiation process. |
| Practice active listening | Listening is just as important in these types of conversations. You can take the lessons you’ve learned away from these conversations and incorporate them into the future conversations you’ll probably be involved in. |
Ready for your next career move? Go through for our Devonport Resume ‘s services today!
Frequently Asked Questions
What is salary negotiation?
The process involves discussing and deciding on the compensation plan for a particular job. Through this process you are able to discuss more than just your salary base, but also additional benefits such as retirement plans, health insurance as well as other benefits.
Why is it important to negotiate salary?
Negotiating your salary could give you a better financial future and also show that you know your worth. It will also allow you to not leave money on the table.
What is the best time to negotiate my salary?
It is ideal to begin negotiations after receiving an offer so everyone is aware of what is being discussed. Then, the discussions are focused on negotiating optimal terms and avoid surprises.
What if I am happy with the offered package with no negotiation?
If you accept an offer and are content with it, then there’s probably no need to discuss it. However, it’s still essential to provide clear information about what the employer will offer in the form of compensation for training or performance-based bonuses.
Do I have the option of negotiating my salary when changing career paths entirely?
Negotiating salary when you change career paths may require added preparation due to the fact that your previous experience might not directly translate or overlap with new responsibilities. Learn about the salaries similar to those in related industries pay in order to get a solid comprehension of realistic expectations for you, considering the specific circumstances.
Are you ready for your next job move? Go through out Devonport Resume ‘s services today!
