How to Negotiate Salary for Your Next Career Move
Negotiating your salary is a difficult conversation, as it is about balancing what you consider your worth and the amount an employer believes they’re able to afford. But, if it’s done correctly, it can be a positive experience for both parties that results in a higher salary for the employee, as well as greater satisfaction for the employees in their work. Here’s how you can make your salary negotiation a success.
Principal Takeaways
- Before you make a salary offer make sure you research market rates as well as industry standards to make sure that the salary you request is reasonable.
- Find out information by networking with colleagues, using online tools like LinkedIn Salary and Glassdoor, and contacting professional networks.
- Plan your talk points ahead of time, including education and certification in the form of years of relevant work experience, the results and achievements and unique skills capabilities, knowledge of the industry, and the potential for further training.
- During the negotiation, be confident and clear, but be flexible and open. You should highlight tangible results you have achieved in previous roles.
- Keep a positive attitude throughout the conversation, and be active in your listening.
Do your research
Before you enter any salary negotiation, it’s important to conduct a thorough investigation of standard industry rates and market rates to make sure your salary offer is reasonable. Factors that might impact the amount you are offered could be levels of experience levels, the size of your company as well as location. (?). A great method of gathering data is to connect with your colleagues or those within your profession.
Research Online
With the help of some internet-based resources like [LinkedIn Salary] (https http://www. linkedin. http://www.linkedin.com/salary) and [Glassdoor] (https: //www. glassdoor. com/Salaries/index. Htm) you can obtain a an additional perspective on the benchmarking range of salaries that companies offer for the exact job. It will provide you with an idea of the market rate and a few other elements that are related to the position.
Your Network Is Vital
Find out more about your situation by talking with people who have had similar positions, or contacting them via the professional networks and brainstorming with professionals in professional organizations.
Prepare Talking points
Preparing for any negotiations is always a good time spent. You’ll feel much more confident when presenting your case if you have a clear list of points to discuss prior to the time.
Here are some ideas of things you might consider including in your salary negotiation:
- Education & certification
- Years of relevant experience
- Results and achievements
- A unique set of skills and characteristics (e.g. the ability to speak two languages)
- Industry-specific knowledge
- Training potential
The idea of keeping a notepad and/or notes handy could aid in conversations, so it is not lost crucial points.
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 accomplishments, your job goals and achievements. It’s crucial to maintain a positive tone throughout this conversation so that the employer feels like you’re not being insecure.
Highlight the tangible results
Simply stating that one is driven, hardworking, and goal-oriented may not be enough for an impactful appeal. Make sure to provide precise statistics about how your previous positions made a distinction in businesses or what are the most valuable capabilities that can benefit an organization.
Remain flexible
If your employer isn’t able to agree to your salary request or compensation package being flexible and open will allow for discussion. You could ask about alternative rewards, like performance-based bonus arrangements instead of Base salary(? ).
Be sure remain professional throughout the negotiation process no matter how well or not: getting too defensive or making unreasonable demands can lead to a negative outcome for everybody involved.
Practice active listening
Listening is equally as important as speaking during these kinds of conversations. Do listen actively from any other participant during negotiations, observing requests carefully and clarifying doubts if at all while remaining in the spirit of your original request. Ultimately both parties should achieve satisfactory results.
Consider the lessons you’ve learned from these discussions and incorporate them into future negotiations that you’re likely to be involved in. By following the suggestions above, you will go an enormous way to increasing the chances of achieving mutually beneficial outcomes.
| Your network is important | Speak to friends who’ve held similar roles or reach out via networking networks for professionals as well as brainstorming members within professional organizations. |
| Make Talk points | Certification and education, Years of relevant experience, Results and achievements, Unique abilities and skills (e.g., bilingualism), Industry knowledge, Training potential |
| Be confident & concise | Talk clearly about your personal experiences, achievements and job expectations. Highlight Tangible Results. |
| Keep your mind open | Consider alternative incentives such as bonuses based on performance instead of Base salary (?). Be sure remain professional during the negotiation process. |
| Practice active listening | Listening is equally as important as communicating in these kinds of conversations. Consider what you’ve learned away from these conversations and incorporate it into any future conversations you’ll probably be involved in. |
Are you ready for your next job shift? Take a look at the services of our Dunedin Resume ‘s services today!
Frequently asked questions
What is the concept of salary negotiation?
It is the act of negotiating and deciding on the compensation package to be paid for your job. In this negotiation you will be able to discuss not just the salary you earn, but also other benefits, such as health insurance, retirement plans, and more.
Why is it necessary to negotiate a salary?
Negotiating your pay can provide you a better financial outlook and also show that you are aware of your worth. It can also help you keep money off the table.
What is the best time to negotiate my salary?
It is best to begin negotiations following the acceptance of an offer to ensure everyone is aware of the terms being negotiated. So, discussions are focused on negotiating perfect terms while avoiding unexpected surprises.
What if I am content with the package I was offered without negotiation?
If you accept an offer and you are satisfied with the offer, then there may be no need to discuss it. However, it’s essential to be clear about what the employers are willing to offer in terms of things like performance-based bonuses or career-training reimbursements.
Do I have the option of negotiating my salary when I change careers entirely?
Negotiating your salary after changing career paths can require extra training because your previous work experiences may not be directly applicable or be a part of the new job. Find out what similar jobs in related industries offer to have a clear comprehension of realistic expectations for you, considering the specific circumstances.
Ready for your next career move? Go through the services of our Dunedin Resume ‘s services today!
