How to Negotiate Salary for Your Next Career Move
Negotiating your salary is an arduous process because it involves balancing what you consider your worth and what your employer believes they’re able to pay. However, if done correctly it can be an enjoyable experience for both parties that results in a higher salary for the employee and a greater satisfaction for the employees in their work. Learn how to make your salary negotiation a success.
Principal Takeaways
- Before you make a salary offer take a look at market rates and industry standards to make sure that your salary offer is fair.
- Collect information through 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 time, including education and certification as well as years of relevant experience, results & achievements with a unique set of skills and qualifications, industry knowledge and the potential for further training.
- During the negotiation, you must be confident and clear, but be flexible and open-minded. Show tangible results that you’ve achieved in your previous positions.
- Maintain a positive mood throughout the conversation, and engage in active listening.
Do your research
Before you enter any salary negotiation, you need to conduct thorough research on the market and standards in the industry to make sure that your salary proposal is reasonable. Factors that might impact this could include experience levels, the size of your company and the location of the company. (?). One way to gather information is to network with colleagues or others within your profession.
Research Online
With the aid of online sources, like [LinkedIn SalaryWith the help of some online resources like [LinkedIn Salary (https: //www. linkedin. http://www.linkedin.com/salary) and [Glassdoorglassdoor (https http://www. glassdoor. com/Salaries/index. http://www.salaries.com/index.html) you can get an extensive view of the salary range that benchmarking that companies offer for the exact role which will gives you an idea of the current market prices and also other elements that are related to an employment.
Your Network Is Essential
Find out more about your situation by talking with people who have had similar positions or reaching out through professional networks in addition to brainstorming members within professional organizations.
Prepare Talk points
The time spent in preparing for a negotiations is always a good time spent. You’ll feel much more confident when presenting your case if you have a clearly defined set of talking points outlined in advance.
Here are a few instances of things that you may want to consider including in your salary negotiation:
- Certification and education
- Years of relevant experience
- Results and achievements
- A unique set of skills and characteristics (e.g. the ability to speak two languages)
- Know-how in the field
- Potential for training
Also keeping notes/notebook handy can be helpful during conversations so that one doesn’t miss any important points.
Be confident & concise
When you negotiate your salary it is essential to be confident and articulate. Make sure you are clear about your past experiences of accomplishments and your expectations. It’s important to maintain a positive tone throughout this conversation to ensure that your employer feels like you’re not appearing to be unfriendly.
Highlight the tangible results
Simply saying that you are committed, hardworking, and focused may not be enough for an impressive appeal. So put forward clear statistics on how previous roles made distinction in businesses or how important are certain abilities that can benefit an organization.
Remain flexible
If your employer cannot agree to your requested salary or compensation arrangement, remaining flexible and open-minded can allow room for discussion. It is possible to inquire about alternatives to incentives, such as performance-based bonus structures, instead of the Base salary(? ).
Make sure to remain professional throughout the negotiation process - no matter how well or badly it’s going getting too defensive or making unreasonable demands will likely cause a negative result for everybody involved.
Practice active listening
Listening is as crucial as communicating during these kinds of conversations. Listen attentively from the other party during negotiations hearing specific requests and resolving questions if needed, but keeping to the initial request. Both parties should ultimately achieve satisfactory results.
Take what you have learned away from these conversations and apply it to future negotiations that you’re likely to be involved in. Following the tips above goes a long way towards maximizing the chance of achieving an agreement that is mutually beneficial.
| Your Network is Important | Talk to your friends who have been in similar positions or reach out via professional networks in addition to brainstorming members of professional associations. |
| Prepare Talk points | Qualifications and training, Years of relevant experience, Results and accomplishments, unique skill set and qualities (e.g. multilingualism) and industry knowledge. Potential for training |
| Be confident & concise | Speak clearly about your experiences, achievements and job expectations. Highlight Tangible Results. |
| Stay flexible | Find out about other incentives, such as incentive structures based on performance rather than Base salary. (?). Keep your professional conduct during the negotiation. |
| Practice active listening | Listening is just as important as communicating in these kinds of conversations. Consider what you’ve learned from these conversations and incorporate it into any future negotiations that you’re likely to take part in. |
Are you looking forward to your next career move? Explore for our Pro Resume Writers Darwin ‘s services today!
Frequently Answered Questions
What is salary negotiation?
Salary negotiation is the process of negotiating and deciding on the compensation package for a position. In this negotiation, you can discuss not only your base salary but also benefits like health insurance, retirement plans, and more.
Why is it so important to bargain on salary?
Negotiating your salary can give you a more secure financial future as well as indicate that you’re aware of what you’re worth. It also helps you keep money off the table.
When should I start negotiating for a raise?
It is best to begin negotiations after you have received an offer, so that all parties are informed of what’s being negotiated. This way, the negotiations will be focused on securing the best terms, while avoiding any unpleasant surprises.
What if I am happy with the offered package without negotiating?
If you get an offer and are content with the offer, then there may be no need to negotiate. However, it’s still essential to have transparent communication about what the employer will offer in terms of things like performance-based bonuses or career-training reimbursements.
Can I negotiate salary when switching careers completely?
The negotiation of salary for changing career paths may require added preparation because your past experience might not directly translate or overlap with new responsibilities. Research what similar roles in similar industries pay, to develop a thorough understanding of realistic expectations for yourself, in light of the particular circumstances you face.
Are you ready for your next job change? Go through the services of our Pro Resume Writers Darwin ‘s services today!
