How to Negotiate Salary for Your Next Career Move
A salary negotiation is difficult to talk about, because it is about balancing what you believe you’re worth with what an employer thinks they’ll be able to afford. If done properly, it can be positive for both parties, resulting in a greater salary for the employee and greater employees’ engagement in their jobs. Here’s how to negotiate your salary confidently.
Principal Takeaways
- Before you make a salary offer study market rates and industry standards to confirm that your salary proposal is realistic.
- Gather information through socializing with colleagues, using online resources like LinkedIn Salary and Glassdoor, as well as reaching out to professional networks.
- Plan your talk points ahead of the time, including education and certificates and years of relevant experience, results & achievements as well as unique skill sets and capabilities, knowledge of the industry, and the potential for further training.
- In the course of negotiations, you should be confident and clear, but be flexible and open. Show tangible results that you’ve achieved in your previous roles.
- Maintain a positive mood throughout the conversation and engage in active listening.
Do your research
Before you begin any negotiations regarding salary, it’s essential to do thorough research on current market rates and industry standards to make sure that your salary proposal is realistic. Things that may affect this could include experience degree, size of the company and the location of the company. (?). Another great method to gather information is to network with colleagues and others in your chosen job field.
Research Online
With the help of some internet-based resources like [LinkedIn Salary] (https http://www. linkedin. com/salary) and [Glassdoor] (https: //www. glassdoor. com/Salaries/index. Htm) you can obtain a more substantial approach towards the range of benchmarking salaries businesses are providing for same job. This gives you an idea of current market rates and other factors related to the position.
Your Network Is Vital
Learn more by talking to people who have had similar positions, or contacting them through professional networks in addition to brainstorming members of professional organizations.
Prepare Talking points
The time spent in preparing for a negotiations is always a good time spent. You’ll feel much more confident when the presentation of your case if have a clearly defined outline of your talking points in advance.
Here are some instances of things you might want to think about to include in your salary negotiation:
- Certification and education
- Years of relevant experience
- The results and accomplishments
- Particular skill set and traits (e.g. language proficiency,)
- Industry-specific knowledge
- Training potential
Also keeping notes/notebook handy can also help during conversations so that you don’t miss any important information.
Be confident & concise
When you negotiate your salary it is essential to be confident and clear. Talk clearly about your work experience as well as your achievements and expectations for the job. It’s crucial to maintain a positive attitude throughout this discussion so that the person who is hiring you feels that you’re not seeming unfriendly.
Highlight Tangible Results
Simply stating that one is driven, hardworking, and goal-oriented may not be enough to create an impressive appeal. Therefore, provide clear data regarding the ways in which previous jobs made distinction in businesses or what are the most valuable qualities that benefit the organization.
Keep your mind open
If the employer isn’t able to agree to your requested salary or compensation plan in full, remaining flexible and open-minded can help create space for dialog. You may be able to ask for alternative rewards, like performance-based bonus arrangements instead of the Base salary(? ).
Make sure to remain professional during the negotiation process - regardless of how successfully or poorly it’s going: getting too defensive or making unreasonable demands could have a negative impact for everyone who is involved.
Practice active listening
Listening is equally as important as communicating during these kinds of conversations. Be attentive to the your counterpart during negotiations. Listen to requests carefully and clarifying questions if needed, but gently sticking with initial request. In the end, both parties must be able to reach a satisfactory conclusion.
Learn from these discussions and incorporate it into any future talks you’re likely to participate in. Following the tips above goes an enormous way to increasing the chances of achieving positive outcomes that are mutually beneficial.
| Your Network is Important | Speak to friends who have had similar experiences or reach out to professionally-oriented networks and brainstorming with members within professional organizations. |
| Prepare talking points | Education & certification, Years of relevant experience and achievements, unique skill set and qualities (e.g. multilingualism) and industry knowledge. Potential for training |
| Be confident & concise | Make sure you are clear about your experience accomplishments, job goals and achievements. Highlight Tangible Results. |
| Remain flexible | Find out about other incentives, such as the performance-based bonuses instead of Base salary. (?). Be sure remain professional throughout the negotiation process. |
| Practice active listening | Listening is just as important as communicating during these types of conversations. Consider what you’ve learned from these discussions and apply it to future negotiations you’ll likely take part in. |
Are you looking forward to your next career move? Explore the services of our Pro Resume Writers Perth ‘s services today!
Frequently Asked Questions
What is salary negotiation?
Salary negotiation is the process of discussing and deciding on the compensation plan to be paid for your job. In this negotiation you will be able to discuss not only your base salary but also benefits like health insurance, retirement plans and many more.
Why why is it important to negotiate salary?
Negotiating your salary can give you a better financial future and also show that you know your worth. It will also allow you to avoid putting money on the table.
When should I begin to negotiate the salary?
It is ideal to begin negotiations immediately after receiving an offer so that everyone is conscious of what’s being discussed. This way, the negotiations are focused on securing ideal terms while avoiding unpleasant surprises.
What if I am content with the offered package without negotiation?
If you are offered a job and are content with it, then there’s probably no need to discuss it. It’s nevertheless important to have transparent communication about what employers will provide in the form of compensation for training or performance-based bonuses.
Can I negotiate my salary if switching careers completely?
Salary negotiation when changing career paths may require added preparation due to the fact that your previous experiences may not be directly applicable or encapsulate new responsibilities. Research what similar roles in related fields pay, to develop a thorough idea of what realistic expectations are for you, based on your specific circumstances.
Are you looking forward to your next career shift? Go through the services of our Pro Resume Writers Perth ‘s services today!
