How to Negotiate Salary for Your Next Career Move
Negotiating your salary is an arduous process because it involves balancing what you think you’re worth versus what the employer thinks they’re able to pay. But, if it’s done correctly it can result in a positive experience for both the employer and employee, which results in a higher salary for the employee as well as greater engagement of the employee in their job. Learn how to make your salary negotiation a success.
Principal Takeaways
- Before you negotiate your salary study market rates and industry standards to confirm that the salary you request is reasonable.
- Collect information through networking with colleagues, using websites like LinkedIn Salary and Glassdoor, and also reaching out to professional networks.
- Make a list of talking points ahead time, including education & certificates, years of relevant experiences, achievements and results with a unique set of skills and qualities, industry knowledge, and training potential.
- During the negotiation, you must be confident and clear, but be flexible and open. Bring out tangible results you’ve had in your previous positions.
- Keep a positive attitude throughout the conversation, and engage in active listening.
Do your research
Prior to entering any salary negotiation, it’s important to conduct a thorough study of standard industry rates and market rates to make sure that your salary proposal is realistic. The factors that could affect this could include the level of experience, degree, size of the company, and location (?). One great way to gather information is to network with colleagues or others within your profession.
Research Online
With the help of some online sources, like [LinkedIn Salary] (https http://www. linkedin. www.linkedin.com/salary) and [Glassdoorglassdoor (https: //www. glassdoor. com/Salaries/index. htm) you can obtain a more substantial approach towards the benchmarking range of salary businesses are providing for same role which will gives you an idea of current market rate and a few other aspects related to the job.
Your Network Is Vital
Gain insight by speaking to acquaintances who have had similar positions or reaching out through the professional networks and brainstorming with members of professional organizations.
Create Talking points
Preparing for any negotiation is always time well spent. You’ll feel much more confident when the presentation of your case if have a set of talking points outlined ahead of time.
Here are some suggestions of what you might want to think about to include in your salary negotiation:
- Training and certification
- Years of relevant experience
- Achievements and results
- Unique skill set and qualities (e.g. bilingualism)
- Industry knowledge
- Training potential
Notes and notebooks can be helpful during conversations so it is not lost important information.
Be confident & concise
In a salary negotiation it is essential to be confident and articulate. Make sure you are clear about your past experiences of accomplishments and your expectations. It’s crucial to maintain your tone of voice positive throughout the conversation to ensure that your person who is hiring you feels that you’re not seeming insecure.
Highlight Tangible Results
Simply stating one is committed, hardworking, and focused may not be enough to make an impressive appeal. It is important to present clear and precise data regarding the ways in which previous jobs made significant difference to companies or how important are certain skills that help an organisation.
Keep your mind open
If the employer cannot agree to your requested salary or compensation arrangement Being flexible and open can help create space for discussion. It is possible to inquire about alternative incentives like performance-based bonus arrangements instead of Base salary(? ).
Keep your cool throughout the negotiation process - regardless of how well or poorly it’s going being too combative or imposing unreasonable demands could have a negative impact for all parties involved.
Practice active listening
Listening is just as important as speaking during these kinds of conversations. Listen attentively from the your counterpart during negotiations. Listen to requests carefully and clarifying doubts as much as you can while keeping to the original request. In the end, both parties must arrive at acceptable outcomes.
Take what you have learned from these discussions and incorporate them into future negotiations that you’re likely to be involved in. Applying the advice above goes 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’ve held similar roles or reach out to professionally-oriented networks as well doing brainstorming members of professional associations. |
| Prepare talking points | Certification and education, Years of relevant experience, Performance and accomplishments, Unique ability and traits (e.g. multilingualism) and industry knowledge. ability to train |
| Be confident & concise | Be clear about your experience your accomplishments and expectations for the job. Focus on tangible results. |
| Stay flexible | Consider alternative incentives such as bonuses based on performance instead of Base salary (?). You must remain professional during the negotiation. |
| Practice active listening | Listening is equally as important as speaking during these kinds of conversations. You can take the lessons you’ve learned from these conversations and incorporate them into future discussions you’ll likely be involved in. |
Ready for your next career move? Explore the services of our Gold Coast Resume ‘s services today!
Frequently Asked Questions
What is salary negotiation?
Salary negotiation is the process of discussing and finalizing the compensation package for a position. In this negotiation you will be able to discuss not only your base salary but also other benefits, such as health insurance, retirement plans, and more.
Why is it necessary to negotiate salary?
Negotiating your salary could give you a greater financial future and also show that you’re aware of what you’re worth. This can help you keep money off the table.
When should I start negotiating a salary?
It’s best to begin negotiating following the acceptance of an offer to ensure that everyone is informed of what’s being negotiated. Then, the negotiations will focus on securing perfect terms while avoiding unexpected unintentional surprises.
What if I am happy with the offer with no negotiation?
If you get an offer and you are satisfied with it, there’s no reason to negotiate. But it’s important to provide clear information about what the employer will offer regarding things such as compensation for training or performance-based bonuses.
What is the best way to negotiate my salary? changing career paths entirely?
Negotiating your salary after changing career paths could require additional preparation due to the fact that your previous experiences may not be directly applicable or relate to the new duties. Find out what similar jobs in related fields pay in order to get a solid idea of what realistic expectations are for yourself, in light of your particular situation.
Are you ready for your next job move? Explore our Gold Coast Resume ‘s services today!
