How to Negotiate Salary for Your Next Career Move
Negotiating your salary is an arduous process because it is about balancing what you think you’re worth versus what your employer believes they’re able to afford. If it’s done right it could be an enjoyable experience for both the employer and employee, which 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 take a look at market rates and industry standards to ensure your salary request is realistic.
- Find out information by networking with colleagues, using online resources such as LinkedIn Salary and Glassdoor, and also reaching out to professional networks.
- Prepare talking points ahead of time, including education and accreditation as well as years of relevant experiences, achievements and results, unique skill set & capabilities, knowledge of the industry, and potential for training.
- During negotiations, 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 make sure you are listening actively.
Do your research
Prior to entering any pay negotiation, it’s crucial to do thorough research on the market and standards in the industry to make sure your salary offer is reasonable. Some factors that can affect this could include the level of experience, level, company size as well as location. (?). One way to gather information is to network with colleagues or others who are in the same job field.
Research Online
With the aid of online sources, like [LinkedIn Salary] (https: //www. linkedin. http://www.linkedin.com/salary) and [GlassdoorGlassdoor (https: //www. glassdoor. com/Salaries/index. Htm) you will get a an extensive view of the benchmarking range of salaries businesses are providing for same job. This gives you an idea of the current market prices and also other factors related to a job.
Your Network Is Essential
Find out more about your situation by talking with friends who have held similar positions, or contacting them through professionals networks in addition to brainstorming professionals in professional organizations.
Plan Talking points
The time spent in preparing for a negotiation is always well spent. You’ll be more confident in giving your argument if you have a list of points to discuss prior to the time.
Here are some ideas of items you could consider to include in your salary negotiation:
- Training and certification
- Experience gained through years of relevant work
- Performances and results
- Particular skill set and traits (e.g. language proficiency,)
- Industry-specific knowledge
- Training potential
A notepad or notebook can aid in conversations, so that one doesn’t miss any important details.
Be confident & concise
In a negotiation for a salary, it’s important to be confident and articulate. Talk clearly about your work experience as well as your achievements and expectations for the job. It’s important to maintain a positive tone throughout this conversation to ensure that your employer feels like you’re not appearing to be aggressive.
Highlight Tangible Results
Simply saying that you are committed, hardworking, and aspire-driven person may not be enough for an strong appeal. It is important to present clear and precise data about how your previous positions made a difference in companies or how valuable are specific qualities that help an organisation.
Keep your mind open
If the employer isn’t able to your salary or compensation plan in full being flexible and open can help create space for discussions. It is possible to inquire about alternative rewards, like performance-based bonus structures, instead of Base salary(? ).
Keep your cool during the negotiation process - regardless of how successfully or poorly it’s going Being too aggressive or making unreasonable demands will likely have a negative impact for all parties involved.
Practice active listening
Listening is equally as important as communicating in these types of conversations. Pay attention to any other participant during negotiations, observing requests carefully and clarifying doubts if at all while remaining in the spirit of your original request. In the end, both parties must achieve satisfactory results.
Consider the lessons you’ve learned away from these conversations and incorporate it into the next negotiations you’ll likely take part in. By following the suggestions above, you will go an enormous way to increasing your chances of reaching positive, mutually beneficial results.
| Your Network is Important | Have a chat with friends who have held similar roles or reach out to professional networks and brainstorming with members of professional associations. |
| Make talking points | Qualifications and training, Years of relevant work experience, results and accomplishments, unique abilities and skills (e.g. bi-lingualism), Industry knowledge, the potential for training |
| Be confident & concise | Make sure you are clear about your experience your accomplishments and expectations for the job. Use tangible results to highlight your achievements. |
| Remain flexible | You can inquire about alternative incentives such as bonuses based on performance instead of Base salary (?). Keep your professional conduct during the negotiation process. |
| Practice active listening | Listening is equally important as communicating in these kinds of conversations. Learn from these conversations and incorporate them into future negotiations you’ll likely take part in. |
Are you looking forward to your next career move? Check our Pro Resume Writers Perth ‘s services today!
Frequently Asked Questions
What is salary negotiation?
Negotiating salary is negotiating and deciding on the compensation plan to be paid for your job. During this process you will be able to discuss not just your salary base, but also other benefits, such as retirement plans, health insurance as well as other benefits.
Why is it important to negotiate a salary?
Negotiating your salary could give you a better financial outlook and also show that you’re aware of what you’re worth. It can also help you keep money off the table.
When should I begin to negotiate my salary?
It is ideal to begin negotiations after you have received an offer, so everyone is informed of what’s being negotiated. So, discussions are focused on negotiating perfect terms while avoiding unexpected surprises.
What if I am happy with the deal I received without negotiating?
If you get an offer and are pleased with the offer, then there’s no reason to bargain. However, it’s essential to provide clear information about what the employers are willing to offer in terms of things like compensation for training or performance-based bonuses.
Can I negotiate salary when changing careers?
Negotiating salary when you change career paths can require extra training because your previous work experience might not directly translate or encapsulate new responsibilities. Research what similar roles in similar industries pay to gain a robust comprehension of realistic expectations for you, considering your specific circumstances.
Ready for your next career move? Check for our Pro Resume Writers Perth ‘s services today!
