How to Negotiate Salary for Your Next Career Move
A salary negotiation can be an arduous process because it involves balancing what think you’re worth versus what the employer thinks they can afford. If done properly it can be an enjoyable experience for both the employer and employee, which results in a greater salary for the employee, as well as greater employees’ engagement in their jobs. Here’s how you can bargain your salary in confidence.
Key Takeaways
- Before you make a salary offer make sure you research market rates as well as industry standards to ensure that your salary request is realistic.
- Get information from the networking of colleagues, using online tools like LinkedIn Salary and Glassdoor, as well as reaching out to professional networks.
- Make a list of talking points ahead time, including education & certification in the form of years of relevant work experience, the results and achievements as well as unique skill sets and qualities, industry knowledge, and training opportunities.
- During the negotiation, be assertive and confident, yet flexible and open-minded. You should highlight tangible results you’ve achieved in your previous roles.
- Keep a positive and upbeat tone throughout the conversation, and engage in active listening.
Do your research
Prior to entering any salary negotiation, it’s important to do thorough research on current market rates and industry standards to ensure that your salary suggestion is reasonable. Factors that might impact this may include experience degree, size of the company, and location (?). Another great method to gather information is through networking with colleagues or other professionals in your chosen area of work.
Research Online
With the aid of online sources, like [LinkedIn SalaryWith the help of some online resources like [LinkedIn Salary (https http://www. linkedin. www.linkedin.com/salary) and [GlassdoorGlassdoor (https http://www. glassdoor. com/Salaries/index. Htm) you can get more comprehensive information about the benchmarking range of salaries businesses are providing for same job. This will give you an idea of the current market rate plus few other facets of the position.
Your Network Is Vital
Learn more by talking to acquaintances who have had similar roles or reaching out via professionals networks and brainstorming with members of professional organizations.
Plan talking points
Preparing for a negotiations is always a good time spent. You’ll feel much more confident when making your case if you have a clear outline of your talking points in advance.
Here are some examples of items you could consider during your salary negotiation:
- Education & certification
- Years of relevant experience
- Performances and results
- A unique set of skills and characteristics (e.g. bilingualism)
- Industry-specific knowledge
- Training potential
Notes and notebooks can aid in conversations, so it is not lost important points.
Be confident & concise
During a salary negotiation it is essential to be confident and articulate. Talk clearly about your work experience accomplishments, your job goals and achievements. It’s essential to maintain a positive attitude throughout this conversation so that the employer doesn’t feel like you’re seeming unfriendly.
Highlight the tangible results
Simply saying that you are driven, hardworking, and goal-oriented may not be enough to make an strong appeal. So put forward clear statistics regarding the ways in which previous jobs made an impact in the workplace or how valuable are specific skills that can benefit an organization.
Remain flexible
If your employer cannot agree to your salary or compensation package outright, remaining flexible and open-minded can allow room for dialog. You can inquire about alternative incentives like performance-based bonus arrangements instead of the Base salary(? ).
Keep your cool throughout the negotiation process - no matter how well or poorly it’s going Being too aggressive or making unreasonable demands is likely to have a negative impact for all parties that is.
Practice active listening
Listening is just as important as communicating in these types of conversations. Listen attentively from the your counterpart during negotiations. Listen to requests carefully and clarifying doubts, if necessary, while remaining in the spirit of your their original request. Both parties should ultimately be able to reach a satisfactory conclusion.
Consider the lessons you’ve learned from these discussions and incorporate them into future discussions you’ll probably be involved in. Following the tips 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 have had similar experiences or reach out via the professional network as well doing brainstorming members within professional organizations. |
| Make talking points | Training and certification, years of relevant experience, Performance and achievements, unique abilities and skills (e.g. multilingualism) Know-how in the field, Potential for training |
| Be confident & concise | Make sure you are clear about your experience accomplishments, job goals and achievements. Highlight Tangible Results. |
| Remain flexible | 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 equally as important as speaking during these kinds of conversations. Learn from these conversations and apply it to future negotiations that you’re likely to take part in. |
Are you ready for your next career change? Explore our New Plymouth Resume ‘s services today!
Frequently Answered Questions
What is the concept of salary negotiation?
Salary negotiation is the process of discussing and finalizing the compensation package for a particular job. When you negotiate this it is possible to discuss not only your base salary but also other benefits like retirement plans, health insurance and many more.
Why why is it important to negotiate a salary?
Negotiating your salary can give you a better financial future and also show that you’re confident about your worth. It can also help you not leave money on the table.
How soon should I negotiate a salary?
It is ideal to begin negotiations immediately after receiving an offer so that all parties are conscious of what’s being discussed. This way, the negotiations will focus on securing optimal terms and avoid surprises.
What happens if I am satisfied with the deal I received with no negotiation?
If you get an offer and are happy with it, there may be no need to negotiate. But it’s important to communicate clearly what your employer’s expectations regarding things such as compensation for training or performance-based bonuses.
Do I have the option of negotiating my salary when changing careers?
Negotiating salary when you change career paths may require added preparation due to the fact that your previous experiences might not translate or relate to the new duties. Find out what similar jobs in similar fields pay, to develop a thorough comprehension of realistic expectations for yourself, in light of the particular circumstances you face.
Are you looking forward to your next career shift? Explore for our New Plymouth Resume ‘s services today!
