How to Negotiate Salary for Your Next Career Move
Negotiating your salary is a difficult conversation, as it requires you to balance what you consider your worth and what the employer thinks they’ll be able to afford. If it’s done right it can result in positive for both parties that results in a greater salary for the employee and a greater engagement of the employee in their job. Here’s how to bargain your salary in confidence.
Key Takeaways
- Before you negotiate your salary take a look at market rates and industry standards to ensure that your salary request is realistic.
- Get information from the networking of colleagues, using websites like LinkedIn Salary and Glassdoor, as well as reaching out to professional networks.
- Make a list of talking points ahead the time, including education and certificates in the form of years of relevant work experience, results & achievements and unique skills capabilities, knowledge of the industry, and training opportunities.
- During the negotiation, be assured and confident but remain flexible and open. Bring out tangible results you achieved in your previous roles.
- Maintain a positive mood 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 investigation of standard industry rates and market rates to make sure your salary offer is reasonable. Factors that might impact this include the level of experience, levels, the size of your company as well as location. (?). One way to gather data is to connect with colleagues or other professionals in your chosen area of work.
Research Online
With the aid of online resources, such as [LinkedIn Salary] (https http://www. linkedin. com/salary) and [GlassdoorGlassdoor (https http://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 gives you an idea of the market prices and also other elements that are related to the position.
Your Network is Important
Learn more by talking to acquaintances who have had similar roles or reaching out via professionally-oriented networks in addition to brainstorming members of professional organizations.
Prepare Talk points
Preparing for a meeting is time well spent. You’ll be more confident in giving your argument if you have a outline of your talking points before the deadline.
Here are a few examples of things you might want to think about to include in your salary negotiation:
- Certification and education
- Experience gained through years of relevant work
- Performances and results
- A unique set of skills and characteristics (e.g. the ability to speak two languages)
- Know-how in the field
- Training potential
The idea of keeping a notepad and/or notes handy could be helpful during conversations so it is not lost important details.
Be confident & concise
When you negotiate your salary, it’s important to be confident and articulate. Make sure you are clear about your past experiences of accomplishments and your expectations. It’s essential to maintain your tone of voice positive throughout the conversation so that the employer isn’t coming across as unfriendly.
Show tangible results
Simply stating that someone is ambitious, hardworking, and aspire-driven person may not be enough for an impressive appeal. So put forward clear statistics on how previous roles made an impact in the workplace or how valuable are specific skills that benefit the organization.
Remain flexible
If your employer isn’t able to your salary request or compensation package Being flexible and open can allow room for dialogue. You can inquire about alternatives to incentives, such as performance-based bonus structures instead of the Base salary(? ).
Be sure remain professional throughout the negotiation process regardless of how smoothly or poorly it’s going being too combative or making unreasonable demands can cause a negative result for everyone involved.
Practice active listening
Listening is as crucial as communicating during these types of conversations. Listen attentively from the any other participant during negotiations, observing the amount requested carefully and clarifying questions if needed, but remaining in the spirit of your original request. The goal is to be able to reach a satisfactory conclusion.
Consider the lessons you’ve learned away from these conversations and apply it to future negotiations that you’re likely to be involved in. By following the suggestions above, you will go in the right direction to increase your chances of achieving an agreement that is mutually beneficial.
| Your Network is Important | Speak to friends who have had similar experiences or reach out to networking networks for professionals as well as brainstorming members of professional associations. |
| Create talking points | Training and certification, years of relevant experience, Performance and achievements, unique skills and characteristics (e.g. the ability to speak two languages) and industry knowledge. Potential for training |
| Be confident & concise | Talk clearly about your personal experiences as well as your achievements and expectations. Focus on tangible results. |
| Keep your mind open | Ask about alternative incentives like the performance-based bonuses instead of Base salary (?). You must remain professional throughout the negotiation process. |
| Practice active listening | Listening is just as important as communicating in these kinds of conversations. You can take the lessons you’ve learned from these conversations and incorporate them into future negotiations that you’re likely to take part in. |
Ready for your next career shift? Go through out Geraldton Resume ‘s services today!
Frequently Asked Questions
What is the concept of salary negotiation?
It is the act of discussing and deciding on the compensation package for a job. In this negotiation you are able to discuss more than only the base salary, but also other benefits like health insurance, retirement plans, and more.
Why is it important to negotiate a salary?
Negotiating your salary will give you a greater financial future as well as show that you’re confident about your worth. It will also allow you to avoid leaving money on the table.
What is the best time to negotiate the salary?
It is ideal to begin negotiations after receiving an offer so everyone is conscious of what’s being negotiated. Then, the discussions are focused on negotiating optimal terms and avoid surprises.
What if I am happy with the deal I received without negotiating?
If you get an offer and are happy with it, there’s probably no need to bargain. However, it’s essential to have transparent communication about what the employers are willing to offer in the form of the performance-based bonus or career-training reimbursements.
Do I have the option of negotiating my salary when changing career paths entirely?
Negotiating your salary after changing career paths could require additional planning because your prior experience may not directly translate or encapsulate new responsibilities. Study what similar positions in related fields offer to have a clear understanding of realistic expectations for yourself, in light of the specific circumstances.
Are you looking forward to your next career change? Explore the services of our Geraldton Resume ‘s services today!
