How to Negotiate Salary for Your Next Career Move
A salary negotiation can be a difficult conversation, as it requires you to balance what you consider your worth and the amount an employer believes they can afford. If done properly, it can be an enjoyable experience for both parties that results in a greater salary for the employee, as well as greater satisfaction for the employees in their work. Learn how to negotiate your salary with confidence.
Important Takeaways
- Before you negotiate your salary take a look at market rates and industry standards to confirm that your salary request is realistic.
- Collect information through networking with colleagues, using online resources like LinkedIn Salary and Glassdoor, as well as reaching out to professional networks.
- Make a list of talking points ahead time, including education & certifications in the form of years of relevant work knowledge, accomplishments and achievements with a unique set of skills and qualifications, industry knowledge and the potential for further training.
- During negotiations, be assured and confident but remain flexible and open. Highlight tangible results that you’ve had 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 market rates and industry standards to make sure your salary offer is reasonable. Factors that might impact this could include the level of experience, degree, size of the company, and location (?). A great method of gathering information is to network with colleagues and others within your job field.
Research Online
With the aid of online sources, like [LinkedIn Salarywith the help of certain online resources such as [LinkedIn Salary] (https http://www. linkedin. www.linkedin.com/salary) and [Glassdoorglassdoor (https: //www. glassdoor. com/Salaries/index. htm) you can obtain a an additional perspective on the benchmarking range of salary that companies offer for the exact role which will gives you an idea of the market rate plus few other elements that are related to the job.
Your Network is Important
Find out more about your situation by talking with people who have had similar roles or reaching out via professionally-oriented networks as well as brainstorming professionals in professional organizations.
Plan talking points
The time spent in preparing for a meeting is time well spent. You’ll feel more confident in making your case if you are prepared with a specific set of talking points outlined ahead of time.
Here are a few suggestions of things that you might want to think about to include in your salary negotiation:
- Education & certification
- Years of relevant experience
- The results and accomplishments
- Unique set of skills and attributes (e.g. language proficiency,)
- Knowledge of the industry
- Training potential
The idea of keeping a notepad and/or notes handy could also help during conversations so that one doesn’t forget any important points.
Be confident & concise
When you negotiate your salary it is essential to be confident and clear. Be clear about your experience as well as your achievements and expectations for the job. It’s essential to maintain your tone of voice positive throughout the conversation so that the employer feels like you’re not seeming aggressive.
Highlight the tangible results
Simply stating that someone is committed, hardworking, and goal-oriented might not be enough to create an impressive appeal. Make sure to provide precise statistics regarding how prior roles have made a significant difference to companies or how important are certain capabilities that help an organisation.
Stay flexible
If your employer cannot agree to your salary or compensation arrangement being flexible and open can help create space for discussions. It is possible to inquire about alternatives to incentives, such as performance-based bonus models instead of the Base salary(? ).
Keep your cool throughout the negotiation - no matter how well or poorly it’s going fighting too much or making unreasonable demands could cause a negative result for everybody affected.
Practice active listening
Listening is equally as important as speaking during these kinds of conversations. Pay attention to other party during negotiations hearing the amount requested carefully and clarifying doubts if at all while remaining in the spirit of your what you originally requested. The goal is to come out with acceptable results.
Use the lessons you’ve learned from these discussions and incorporate it into the next discussions you’ll probably be involved in. By following the suggestions above, you will go in the right direction to increase your chances of achieving an agreement that is mutually beneficial.
| Your network is important | Contact friends and acquaintances who have been in similar positions or reach out via professionally-oriented networks and brainstorming with members of professional associations. |
| Plan Talk points | Training and certification, years of relevant experience and achievements, Unique ability and traits (e.g. multilingualism) Knowledge of the industry, Training potential |
| Be confident & concise | Make sure you are clear about your experience your accomplishments and expectations for the job. Make sure you highlight tangible results. |
| Stay flexible | You can inquire about alternative incentives such as bonuses based on performance instead of Base salary (?). You must remain professional during the negotiation. |
| Practice active listening | Listening is equally important as communicating in these kinds of conversations. You can take the lessons you’ve learned away from these conversations and apply it to future negotiations you’ll likely take part in. |
Ready for your next career change? Explore for our Gold Coast Professional Resume Writers ‘s services today!
Frequently Asked Questions
What is salary negotiation?
Salary negotiation is the process of negotiating and deciding on the compensation plan to be paid for your job. During this process you are able to discuss more than just the salary you earn, but also other benefits like retirement plans, health insurance and much more.
Why why is it important to negotiate a salary?
Negotiating your salary will give you a greater financial future and show you’re confident about your worth. It also helps you keep money off the table.
What is the best time to negotiate the salary?
It is recommended to begin negotiations after you have received an offer, so that all parties are aware of what is being negotiated. In this way, negotiations are focused on securing optimal terms and avoid unintentional surprises.
What if I am content with the offer without any negotiation?
If you accept an offer and are happy with the offer, then there may be no need to bargain. However, it’s essential to have transparent communication about what your employer’s expectations 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 could require additional planning because your prior experience may not directly translate or overlap with new responsibilities. Study what similar positions in related fields pay to gain a robust comprehension of realistic expectations for you, based on your specific circumstances.
Are you ready for your next career move? Explore for our Gold Coast Professional Resume Writers ‘s services today!
