How to Negotiate Salary for Your Next Career Move
A salary negotiation can be a difficult conversation, as it is about balancing what you think you’re worth versus the amount an employer believes they can afford. But, if it’s done correctly it can be positive for both parties that results in a better salary for the employee, as well as greater employee engagement in their work. Here’s how you can negotiate your salary with confidence.
Key Takeaways
- Before you make a salary offer, research market rates and industry standards to confirm that your salary offer is fair.
- Gather information through the networking of colleagues, using websites like LinkedIn Salary and Glassdoor, as well as reaching out to professional networks.
- Prepare talking points ahead of the time, including education and accreditation, years of relevant experiences, achievements and results as well as unique skill sets and qualities, industry knowledge, and training opportunities.
- During the negotiation, you must be confident and articulate but also flexible and open-minded. Bring out tangible results you’ve had in your previous roles.
- Maintain a positive tone throughout the conversation and be active in your listening.
Do your research
Before entering into any negotiations regarding salary, it’s essential to conduct a thorough study of market rates and industry standards to make sure that your salary proposal is reasonable. Factors that might impact this may include your experience degree, size of the company as well as location. (?). A great method of gathering data is to connect with your colleagues or those in your chosen field of work.
Research Online
With the aid of online resources such as [LinkedIn Salary] (https: //www. linkedin. www.linkedin.com/salary) and [GlassdoorGlassdoor (https http://www. glassdoor. com/Salaries/index. htm) you can obtain a more comprehensive information about the benchmarking range of salary that companies offer for the exact role which will gives you an idea of current market rate plus few other factors related to the position.
Your Network is Essential
Get insight from talking to acquaintances who have had similar roles, or reaching out through professional networks in addition to brainstorming members of professional associations.
Create talking points
Preparing for a negotiation is always time well spent. You’ll feel much more confident in giving your argument if you are prepared with a specific outline of your talking points prior to the time.
Here are some ideas of items you might want to think about to include in your salary negotiation:
- Education & certification
- Years of relevant experience
- The results and accomplishments
- Unique skill set and qualities (e.g. language proficiency,)
- Knowledge of the industry
- Potential for training
Notes and notebooks can be helpful during conversations so that you don’t miss any important information.
Be confident & concise
In a salary negotiation, it’s important to be confident and articulate. Speak clearly about your experiences as well as your achievements and expectations for the job. It’s essential to maintain a positive tone throughout this conversation to ensure that your person who is hiring you feels that you’re not seeming unfriendly.
The Key to Tangible Results
Simply saying that you are determined, hardworking and goal-oriented might not be enough to make an strong appeal. Make sure to provide precise statistics on how previous roles made difference in companies or what are the most valuable qualities that can benefit an organization.
Stay flexible
If your employer cannot agree to your salary request or compensation arrangement Being flexible and open can help create space for discussions. You can inquire about alternative rewards, like performance-based bonus arrangements instead of the Base salary(? ).
Make sure to remain professional throughout the negotiation process - regardless of how successfully or badly it’s going being too combative 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 communicating during these kinds of conversations. Listen attentively from the your counterpart during negotiations. Listen to the amount requested carefully and clarifying doubts, if necessary, while remaining in the spirit of your initial request. In the end, both parties must achieve satisfactory results.
Use the lessons you’ve learned from these discussions and incorporate them into future negotiations you’ll likely take part in. Following the tips above goes far in maximizing the chance of achieving positive outcomes that are mutually beneficial.
| Your network is important | Talk to your friends who have been in similar positions or reaching out through networking networks for professionals and brainstorming with members within professional organizations. |
| Prepare talking points | Training and certification, years of relevant experience, Results and accomplishments, unique skills and characteristics (e.g. multilingualism) and industry knowledge. Potential for training |
| Be confident & concise | Speak clearly about your experiences, achievements and job expectations. Focus on tangible results. |
| Be flexible | Consider alternative incentives such as incentive structures based on performance rather than Base salary (?). Be sure remain professional during the negotiation process. |
| Practice active listening | Listening is equally as important in these types of conversations. Learn away from these conversations and incorporate them into the future negotiations you’ll likely take part in. |
Ready for your next career move? Take a look at our Gold Coast Resume ‘s services today!
Frequently asked questions
What is the concept of salary negotiation?
Negotiating salary is negotiating and deciding on the compensation package for a particular job. Through this process you are able to discuss more than only the base salary, but also other benefits like health insurance, retirement plans and much more.
Why is it so important to negotiate salary?
Negotiating your salary will give you a more secure financial future and show you’re confident about your worth. It also helps you not leave money on the table.
How soon should I negotiate my salary?
It is ideal to begin negotiations following the acceptance of an offer to ensure that everyone is informed of what’s being discussed. This way, the discussions are focused on negotiating optimal terms and avoid unintentional surprises.
What happens if I am completely satisfied with the deal I received without any negotiation?
If you get 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 the employers are willing to offer in the form of the performance-based bonus or career-training reimbursements.
Can I negotiate salary when I change careers entirely?
The negotiation of salary for changing career paths could require additional training because your previous work experiences may not be directly applicable or overlap with new responsibilities. Learn about the salaries similar to those in similar fields pay in order to get a solid comprehension of realistic expectations for you, based on the specific circumstances.
Are you ready for your next job change? Go through out Gold Coast Resume ‘s services today!
