How to Negotiate Salary for Your Next Career Move
Negotiating a salary can be a difficult conversation, as it involves balancing what you believe you’re worth with what your employer believes they can afford. If it’s done right it can result in positive for both sides that results in a higher pay for the employee, as well as greater employee engagement in their work. Here’s how to bargain your salary in confidence.
Key Takeaways
- Before you negotiate your salary study market rates and industry standards to confirm that the salary you request is reasonable.
- Gather information through networking with colleagues, using online resources such as LinkedIn Salary and Glassdoor, and also reaching out to professional networks.
- Create talking points ahead of time, including education and certifications in the form of years of relevant work knowledge, accomplishments and achievements as well as unique skill sets and abilities, industry expertise, and potential for training.
- In the course of negotiations, you should be assured and confident but remain flexible and open. Show tangible results that you have achieved in previous positions.
- Keep a positive and upbeat tone throughout the conversation, and make sure you are listening actively.
Do your research
Prior to entering any negotiations regarding salary, it’s essential to conduct a thorough study of standard industry rates and market rates to ensure that your salary request is reasonable. Things that may affect this include experience level, company size and the location of the company. (?). One great way to gather data is to connect with your colleagues or those in your chosen field of work.
Research Online
With the help of some online resources, such as [LinkedIn Salary] (https http://www. linkedin. com/salary) and [Glassdoorglassdoor (https http://www. glassdoor. com/Salaries/index. http://www.salaries.com/index.html) You can find a more comprehensive information about the benchmarking range of salary businesses pay for the same job. It will provide you with an idea of the market rate and a few other factors related to the position.
Your Network is Essential
Learn more by talking to colleagues who have been in similar positions, or contacting them via professionally-oriented networks as well as brainstorming members of professional associations.
Prepare talking points
Preparing for a meeting is time well spent. You’ll be much more confident when the presentation of your case if have a clear set of talk points that you have outlined prior to the time.
Here are some examples of things that you might want to think about including in your salary negotiation:
- Certification and education
- Experience gained through years of relevant work
- Performances and results
- Particular skill set and traits (e.g. bilingualism)
- Knowledge of the industry
- Training potential
Notes and notebooks can aid in conversations, so that one doesn’t miss any crucial points.
Be confident & concise
In a salary negotiation it’s crucial to appear confident and articulate. Make sure you are clear about your past experiences as well as your achievements and expectations for the job. It is important to keep your tone of voice positive throughout the conversation to ensure that your employer doesn’t feel like you’re coming across as hostile.
Show tangible results
Simply saying that you are determined, hardworking and aspire-driven person may not be enough to generate an impactful appeal. It is important to present clear and precise data about how your previous positions made a significant difference to companies or what are the most valuable skills that benefit the organization.
Remain flexible
If your employer isn’t able to agree to your salary request or compensation package outright, remaining flexible and open-minded can help create space for discussions. You can inquire about alternative incentive options such as performance-based bonuses or structures, instead of the Base salary(? ).
Make sure to remain professional throughout the negotiation - regardless of how successfully or poorly it’s going: fighting too much or imposing unreasonable demands is likely to have a negative impact for everybody who is involved.
Practice active listening
Listening is just as important as speaking during these kinds of conversations. Do listen actively from other party during negotiations hearing the amount requested carefully and clarifying doubts if at all while keeping to the their original request. Both parties should ultimately arrive at acceptable outcomes.
Learn from these discussions and apply it to future negotiations that you’re likely to be involved in. By following the suggestions above, you will go far in maximizing the chances of achieving positive outcomes that are mutually beneficial.
| Your Network is Important | Speak to friends who’ve held similar roles or connect with the professional network as well as brainstorming members within professional organizations. |
| Make talking points | Education & certification, Years of relevant experience, Performance and achievements, Unique abilities and skills (e.g. bi-lingualism) and industry knowledge. the potential for training |
| Be confident & concise | Be clear about your experience, achievements and job expectations. Highlight Tangible Results. |
| Stay flexible | Ask about alternative incentives like the performance-based bonuses instead of Base salary. (?). You must remain professional during the negotiation. |
| Practice active listening | Listening is equally as important as communicating in these kinds of conversations. You can take the lessons you’ve learned from these discussions and incorporate them into the future conversations you’ll probably be involved in. |
Are you looking forward to your next career shift? Go through the services of our Devonport Resume ‘s services today!
Frequently Asked Questions
What is salary negotiation?
Negotiating salary is negotiating and deciding on the compensation package for a particular job. When you negotiate this you are able to discuss more than just your salary base, but also other benefits, such as retirement plans, health insurance, and more.
Why why is it important to negotiate salary?
Negotiating your salary will give you a more secure financial future as well as indicate that you are aware of your worth. It will also allow you to avoid leaving money on the table.
How soon should I negotiate the salary?
It’s best to begin negotiating after you have received an offer, so everyone is aware of the terms being discussed. This way, the discussions are focused on negotiating perfect terms while avoiding unexpected unintentional surprises.
What if I am happy with the deal I received without negotiating?
If you receive an offer and are pleased with the offer, then there’s no reason to discuss it. However, it’s still essential to be clear about what employers will provide in the form of compensation for training or performance-based bonuses.
Can I negotiate salary when switching careers completely?
Salary negotiation when changing career paths could require additional training because your previous work experiences may not be directly applicable or encapsulate new responsibilities. Study what similar positions in similar fields pay in order to get a solid knowledge of the realistic expectations you can set for yourself, given your particular situation.
Ready for your next career change? Explore our Devonport Resume ‘s services today!
