How to Negotiate Salary for Your Next Career Move
A salary negotiation can be an arduous process because it involves balancing what believe you’re worth with what the employer thinks they’re able to afford. If it’s done right it could be an enjoyable experience for both parties that results in a higher salary for the employee as well as greater engagement of the employee in their job. Here’s how you can negotiate your salary with confidence.
The most important takeaways
- Before you negotiate your salary, research market rates and industry standards to make sure that your salary proposal is realistic.
- Collect information through networking with colleagues, using online tools like LinkedIn Salary and Glassdoor, and also reaching out to professional networks.
- Make a list of talking points ahead time, including education & certification and years of relevant experience, results & achievements, unique skill set & qualifications, industry knowledge and training potential.
- In the course of negotiations, you should be assured and confident but remain flexible and open-minded. Show tangible results that you achieved in your previous roles.
- Maintain a positive tone throughout the conversation, and be active in your listening.
Do your research
Before entering into any salary negotiation, it’s important to conduct thorough research on current market rates and industry standards to make sure your salary offer is realistic. Things that may affect this could include experience levels, the size of your company and geographical location. (?). A great method of gathering information is to make connections with colleagues or others within your area of work.
Research Online
With the help of online sources, like [LinkedIn SalaryWith the help of some online resources like [LinkedIn Salary (https: //www. linkedin. https://www.linkedin.com/salary) and [GlassdoorGlassdoor (https http://www. glassdoor. com/Salaries/index. Htm) you can get more comprehensive information about the benchmarking range of salary businesses pay for the same job. This gives you an idea of current market rate plus few other facets of the job.
Your Network is Essential
Learn more by talking to people who have had similar positions, or contacting them via the professional networks as well doing brainstorming members of professional organizations.
Plan Talk points
Preparing for a meeting is time well spent. You’ll be much more confident when the presentation of your case if have a set of talk points that you have outlined before the deadline.
Here are some ideas of things you could consider during your salary negotiation:
- Training and certification
- Experience gained through years of relevant work
- 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
Notes and notebooks can aid in conversations, so that one doesn’t miss any crucial points.
Be confident & concise
During a salary negotiation it is essential to be confident and articulate. Be clear about your experience as well as your achievements and expectations for the job. It’s essential to maintain a positive tone throughout this conversation so that the employer feels like you’re not coming across as hostile.
Show tangible results
Simply stating that someone is ambitious, hardworking, and focused may not be enough for an appealing appeal. Make sure to provide precise statistics regarding how prior roles have made a significant difference to companies or what are the most valuable abilities that benefit the organization.
Remain flexible
If the employer cannot agree to your requested salary or compensation plan in full Being flexible and open can help create space for discussions. You may be able to ask for alternative rewards, like performance-based bonus models instead of the Base salary(? ).
Keep your cool throughout the negotiation process - regardless of how successfully or badly it’s going being too combative or imposing unreasonable demands will likely cause a negative result for everyone involved.
Practice active listening
Listening is equally as important as communicating in these types of conversations. Be attentive to the another party while you negotiate, listening to the requested amount carefully & clarifying doubts if at all while remaining in the spirit of your their original request. Both parties should ultimately achieve satisfactory results.
Learn from these discussions and apply it to future negotiations you’ll likely take part in. Following the tips above goes an enormous way to increasing your chances of reaching an agreement that is mutually beneficial.
| Your Network is Important | Contact friends and acquaintances who have been in similar positions or reach out to networking networks for professionals in addition to brainstorming members within professional organizations. |
| Prepare Talk points | Education & certification, Years of relevant experience and achievements, unique abilities and skills (e.g. the ability to speak two languages) Knowledge of the industry, the potential for training |
| Be confident & concise | Speak clearly about your experiences accomplishments, job goals and achievements. Focus on tangible results. |
| Remain flexible | You can inquire about alternative incentives such as performance-based bonus structures instead of Base salary. (?). You must remain professional throughout the negotiation process. |
| Practice active listening | Listening is just as important as speaking during these kinds of conversations. Consider what you’ve learned away from these conversations and incorporate them into the future negotiations that you’re likely to take part in. |
Ready for your next career change? Check out Grafton Resume ‘s services today!
Frequently Answered Questions
What is salary negotiation?
It is the act of discussing and deciding on the compensation plan to be paid for your job. During this process, you can discuss not only the base salary, but also benefits like health insurance, retirement plans as well as other benefits.
Why why is it important to bargain on salary?
Negotiating your salary can give you a better financial future and show you know your worth. This can help you not leave 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 everyone is aware of what is being discussed. This way, the negotiations will be focused on securing optimal terms and avoid surprises.
What if I am happy with the offered package without negotiation?
If you get an offer and are happy with it, then there may be no need to negotiate. It’s nevertheless important to have transparent communication about what the employer will offer regarding things such as performance-based bonuses or career-training reimbursements.
What is the best way to negotiate my salary? I change careers entirely?
Salary negotiation when changing careers may require more preparation due to the fact that your previous experiences might not translate or overlap with new responsibilities. Study what similar positions in similar fields pay, to develop a thorough idea of what realistic expectations are for you, based on the specific circumstances.
Are you looking forward to your next career change? Take a look at the services of our Grafton Resume ‘s services today!
