How to Negotiate Salary for Your Next Career Move
Negotiating a salary can be a difficult conversation, as it requires you to balance what you think you’re worth versus the amount an employer believes they’re able to afford. But, if it’s done correctly it can be positive for both the employer and employee, which results in a higher salary for the employee and greater engagement of the employee in their job. Here’s how you can make your salary negotiation a success.
The most important takeaways
- Before you make a salary offer, research market rates and industry standards to ensure your salary request is realistic.
- Get information from socializing with colleagues, using online resources such as LinkedIn Salary and Glassdoor, as well as reaching out to professional networks.
- Plan your talk points ahead of time, including education and certification, years of relevant knowledge, accomplishments and achievements as well as unique skill sets and qualifications, industry knowledge and training potential.
- In the course of negotiations, you should be assertive and confident, yet flexible and open. Bring out tangible results you’ve had in your previous positions.
- Maintain a positive tone throughout the conversation, and be active in your listening.
Do your research
Prior to entering any pay negotiation, it’s crucial to do thorough research on current market rates and industry standards to make sure your salary offer is realistic. Some factors that can affect the amount you are offered could be experience level, company size as well as location. (?). A great method of gathering data is to connect with your colleagues or those within your job field.
Research Online
With the aid of internet-based resources like [LinkedIn Salarywith the help of certain 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 companies pay for the same job. This gives you an idea of the current market prices and also other factors related to a job.
Your Network is Important
Gain insight by speaking to people who have had similar positions, or contacting them through professional networks as well doing brainstorming members within professional organizations.
Prepare Talk points
Preparing for any negotiation is always time well spent. You’ll feel more confident when making your case if you have a set of talk points that you have outlined ahead of time.
Here are a few instances of items you might want to think about to include in your salary negotiation:
- Training and certification
- Years of relevant experience
- Performances and results
- Unique skill set and qualities (e.g. language proficiency,)
- Know-how in the field
- Training potential
Also keeping notes/notebook handy can be helpful during conversations so that you don’t miss any important information.
Be confident & concise
During a salary negotiation it is essential to be confident and clear. Make sure you are clear about your past experiences accomplishments, your job goals and achievements. It is important to keep a positive tone throughout this conversation to ensure that your employer feels like you’re not coming across as hostile.
Show tangible results
Simply stating one is ambitious, hardworking, and focused may not be enough for an strong appeal. Therefore, provide clear data regarding the ways in which previous jobs made an impact in the workplace or how important are certain abilities that benefit the organization.
Be flexible
If the employer cannot agree to your salary request or compensation package being flexible and open will help open the door to dialog. It is possible to inquire about alternative rewards, like performance-based bonus arrangements instead of Base salary(? ).
Be sure remain professional throughout the negotiation process no matter how well or badly it’s going getting too defensive or imposing unreasonable demands will likely lead to a negative outcome for everyone involved.
Practice active listening
Listening is as crucial as communicating in these types of conversations. Be attentive to the another party while you negotiate, listening to the the amount requested carefully and clarifying doubts, if necessary, while maintaining the original request. Ultimately both parties should arrive at acceptable outcomes.
Learn from these discussions and incorporate it into any future negotiations you’ll likely take part 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 | Talk to your friends who have been in similar positions or connect with the professional network and brainstorming with members of professional associations. |
| Make talking points | Education & certification, Years of relevant work experience, results and accomplishments, Unique skill set and qualities (e.g. multilingualism) Know-how in the field, ability to train |
| Be confident & concise | Speak clearly about your experiences accomplishments, job goals and achievements. Highlight Tangible Results. |
| Stay flexible | Ask about alternative incentives like incentive structures based on performance rather than Base salary (?). Be sure remain professional throughout the negotiation process. |
| Practice active listening | Listening is equally important in these types 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 ready for your next career change? Take a look at our Kalgoorlie Resume ‘s services today!
Frequently Asked Questions
What is the concept of salary negotiation?
It is the act of negotiating and deciding on the compensation plan for a job. When you negotiate this, you can discuss not just your salary base, but also other benefits like retirement plans, health insurance as well as other benefits.
Why is it necessary to negotiate a salary?
Negotiating your pay can provide you a greater financial future as well as indicate that you know your worth. It also helps you avoid putting money on the table.
How soon should I negotiate my salary?
It is best to begin negotiations following the acceptance of an offer to ensure that everyone is conscious of what’s being discussed. This way, the negotiations will focus on securing perfect terms while avoiding unexpected unpleasant surprises.
What if I am content with the package I was offered with no negotiation?
If you are offered a job and are content with it, there’s probably no need to bargain. However, it’s still essential to communicate clearly what the employer will offer with regards to 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 planning because your prior experience may not directly translate or be a part of the new job. Find out what similar jobs in similar fields pay, to develop a thorough comprehension of realistic expectations for you, considering the particular circumstances you face.
Are you ready for your next job shift? Explore for our Kalgoorlie Resume ‘s services today!
