How to Negotiate Salary for Your Next Career Move
Negotiating your salary is an arduous process because it requires you to balance what you think you’re worth versus what an employer thinks they’re able to afford. If done properly it could be positive for both parties that results in a higher salary for the employee as well as greater employee engagement in their work. Learn how to negotiate your salary with confidence.
Principal Takeaways
- Before you make a salary offer take a look at market rates and industry standards to make sure that your salary proposal is realistic.
- Get information from socializing with colleagues, using websites like LinkedIn Salary and Glassdoor, and reaching out to professional networks.
- Plan your talk points ahead of time, including education and certificates in the form of years of relevant work knowledge, accomplishments and achievements with a unique set of skills and abilities, industry expertise, and the potential for further training.
- In the course of negotiations, you should be assured and confident but remain flexible and open-minded. You should highlight tangible results you have achieved in previous positions.
- Maintain a positive tone throughout the conversation and practice active listening.
Do your research
Before you enter any negotiations regarding salary, it’s essential to conduct a thorough study of current market rates and industry standards to ensure that your salary suggestion is realistic. Some factors that can affect this could include your experience degree, size of the company, and location (?). A great method of gathering information is to network with colleagues and others in your chosen job field.
Research Online
With the aid of online sources, like [LinkedIn SalaryUtilizing some of the online resources, such as [LinkedIn Salary (https: //www. linkedin. com/salary) and [Glassdoorglassdoor (https: //www. glassdoor. com/Salaries/index. htm) you can get an extensive view of the range of benchmarking salaries businesses are providing for same job. It will provide you with an idea of the market rate plus few other elements that are related to a job.
Your Network is Essential
Find out more about your situation by talking with colleagues who have been in similar positions, or contacting them via professionally-oriented networks and brainstorming with members within professional organizations.
Create Talk points
Time spent preparing for any meeting is time well spent. You’ll be more confident in the presentation of your case if are prepared with a specific list of points to discuss in advance.
Here are some instances of things you might want to think about when negotiating your salary:
- Education & certification
- Experience gained through years of relevant work
- Results and achievements
- Particular skill set and traits (e.g. language proficiency,)
- Knowledge of the industry
- Potential for training
The idea of keeping a notepad and/or notes handy could also help during conversations so it is not lost crucial points.
Be confident & concise
In a salary negotiation It is important to be confident and articulate. Speak clearly about your experiences as well as your achievements and expectations for the job. It’s important to maintain a positive attitude throughout this dialogue so that the employer isn’t coming across as aggressive.
Highlight Tangible Results
Simply stating one is committed, hardworking, and focused may not be enough to create an appealing appeal. So put forward clear statistics regarding how prior roles have made a significant difference to companies or what are the most valuable abilities that benefit the organization.
Stay flexible
If the employer isn’t able to agree to your salary request or compensation plan in full, remaining flexible and open-minded can help create space for dialog. It is possible to inquire about alternative incentive options such as performance-based bonuses or models instead of Base salary(? ).
Keep your cool during the negotiation process - regardless of how successfully or badly it’s going fighting too much or imposing unreasonable demands can cause a negative result for everybody who is involved.
Practice active listening
Listening is just as important as communicating during these types of conversations. Listen attentively from the your counterpart during negotiations. Listen to requests carefully and clarifying doubts, if necessary, while maintaining the original request. Ultimately both parties should achieve satisfactory results.
Learn away from these conversations and incorporate it into the next negotiations that you’re likely to be involved in. Following the tips above goes an enormous way to increasing the chance of achieving mutually beneficial outcomes.
| Your network is important | Contact friends and acquaintances who have held similar roles or connect with networking networks for professionals and brainstorming with members of professional associations. |
| Plan Talk points | Qualifications and training, Years of relevant experience, Performance and accomplishments, Unique skills and characteristics (e.g. the ability to speak two languages) and industry knowledge. Potential for training |
| Be confident & concise | Make sure you are clear about your experience, achievements and job expectations. Make sure you highlight tangible results. |
| Be flexible | Ask about alternative incentives like performance-based bonus structures instead of Base salary. (?). Make sure to remain professional during the negotiation. |
| Practice active listening | Listening is as crucial as communicating during these types of conversations. Learn from these discussions and incorporate them into the future conversations you’ll probably be involved in. |
Are you ready for your next career change? Take a look at the services of our Whangarei Resume ‘s services today!
Frequently Answered Questions
What is salary negotiation?
The process involves discussing and deciding on the compensation plan to be paid for your job. During this process, you can discuss not only your base salary but also benefits like health insurance, retirement plans, and more.
Why is it so important to discuss salary?
Negotiating your pay can provide you a better financial future as well as show that you’re confident about your worth. This can help you avoid leaving money on the table.
What is the best time to negotiate my salary?
It’s best to begin negotiating after you have received an offer, so that everyone is aware of the terms being discussed. Then, the negotiations will focus on securing ideal terms while avoiding unintentional surprises.
What happens if I am completely satisfied with the offer without negotiating?
If you receive an offer and you are satisfied with it, then there’s no reason to negotiate. However, it’s still essential to provide clear information about what the employer will offer in the form of performance-based bonuses or career-training reimbursements.
What is the best way to negotiate my salary? changing career paths entirely?
Negotiating salary when you change careers may require more training because your previous work experience may not directly translate or encapsulate new responsibilities. Study what similar positions in similar industries pay to gain a robust idea of what realistic expectations are for you, considering your particular situation.
Are you looking forward to your next career change? Take a look at the services of our Whangarei Resume ‘s services today!
