How to Negotiate Salary for Your Next Career Move
Negotiating your salary is a difficult conversation, as it is about balancing what you consider your worth and the amount an employer believes they’re able to pay. If it’s done right it could be positive for both parties that results in a greater salary for the employee and a greater satisfaction for the employees in their work. Here’s how you can bargain your salary in confidence.
Principal Takeaways
- Before you negotiate your salary, research market rates and industry standards to make sure that your salary request is realistic.
- Find out information by the networking of colleagues, using websites like LinkedIn Salary and Glassdoor, as well as reaching out to professional networks.
- Plan your talk points ahead of the time, including education and certifications as well as years of relevant experiences, achievements and results as well as unique skill sets and qualities, industry knowledge, and training opportunities.
- During negotiations, be assured and confident but remain flexible and open. Highlight tangible results that you have achieved in previous roles.
- Keep a positive attitude throughout the conversation, and engage in active listening.
Do your research
Before you enter any salary negotiation, you need to conduct thorough research on current market rates and industry standards to make sure that your salary proposal is reasonable. Things that may affect this may include levels of experience level, company size and the location of the company. (?). A great method of gathering information is to network with your colleagues or those in your chosen profession.
Research Online
With the help of some online sources, like [LinkedIn SalaryWith the help of some online resources like [LinkedIn Salary (https http://www. linkedin. https://www.linkedin.com/salary) and [Glassdoorglassdoor (https http://www. glassdoor. com/Salaries/index. Htm) You can find a more comprehensive information about the benchmarking range of salary businesses pay for the same job. This gives you an idea about current market rate and a few other facets of an employment.
Your Network Is Important
Learn more by talking to acquaintances who have had similar roles or reaching out through the professional networks and brainstorming with members within professional organizations.
Make Talking points
Time spent preparing for any meeting is time well spent. You’ll feel much more confident in giving your argument if you have a list of points to discuss prior to the time.
Here are a few suggestions of what you could consider to include in your salary negotiation:
- Education and certification
- Experience gained through years of relevant work
- Performances and results
- Unique set of skills and attributes (e.g. the ability to speak two languages)
- Industry-specific knowledge
- Training potential
The idea of keeping a notepad and/or notes handy could aid in conversations, so it is not lost important information.
Be confident & concise
In a negotiation for a salary, it’s important to be confident and clear. Talk clearly about your work experience, achievements and job expectations. It is important to keep a positive tone throughout this discussion so that the person who is hiring you feels that you’re not coming across as hostile.
Show tangible results
Simply stating that someone is determined, hardworking and goal-oriented might not be enough to generate an impressive appeal. So put forward clear statistics regarding how prior roles have made a distinction in businesses or how valuable are specific skills that benefit the organization.
Stay flexible
If the employer cannot agree to your salary or compensation package, remaining flexible and open-minded will allow for discussion. You can inquire about alternatives to incentives, such as performance-based bonus models instead of the Base salary(? ).
Be sure remain professional during the negotiation process - regardless of how smoothly or badly it’s going getting too defensive or imposing unreasonable demands can result in an unfavourable outcome for everyone involved.
Practice active listening
Listening is as crucial as speaking during these kinds of conversations. Listen attentively from the another party while you negotiate, listening to the the amount requested carefully and clarifying doubts, if necessary, while keeping to the original request. The goal is to be able to reach a satisfactory conclusion.
Take what you have learned away from these conversations and apply it to future negotiations that you’re likely to be involved in. The tips mentioned above will go an enormous way to increasing your chances of achieving mutually beneficial outcomes.
| Your Network is Important | Talk to your friends who have been in similar positions or connect with the professional network as well doing brainstorming members within professional organizations. |
| Create talking points | Qualifications and training, Years of relevant experience and achievements, unique skill set and qualities (e.g. the ability to speak two languages) Know-how in the field, Potential for training |
| Be confident & concise | Talk clearly about your personal experiences, achievements and job expectations. Make sure you highlight tangible results. |
| Stay flexible | Find out about other incentives, such as bonuses based on performance instead of Base salary. (?). You must remain professional during the negotiation process. |
| Practice active listening | Listening is equally important in these types of conversations. You can take the lessons you’ve learned away from these conversations and incorporate them into future conversations you’ll probably be involved in. |
Are you ready for your next job move? Explore out Goulburn Resume ‘s services today!
Frequently asked questions
What is the concept of salary negotiation?
Salary negotiation is the process of discussing and deciding on the compensation package for a job. When you negotiate this, you can discuss not just your salary base, but also additional benefits such as retirement plans, health insurance, and more.
Why is it so important to discuss salary?
Negotiating your pay can provide you a greater financial future as well as show that you’re confident about your worth. It also helps you avoid leaving money on the table.
What is the best time to negotiate a salary?
It is ideal to begin negotiations following the acceptance of an offer to ensure that everyone is aware of the terms being discussed. So, negotiations are focused on securing the best terms, while avoiding any unintentional surprises.
What happens if I am completely satisfied with the package I was offered without any negotiation?
If you get an offer and are pleased with it, there’s no need to negotiate. However, it’s essential to have transparent communication about what employers will provide regarding things such as the performance-based bonus or career-training reimbursements.
What is the best way to negotiate my salary? changing career paths entirely?
Negotiating salary when you change careers may require more preparation due to the fact that your previous experience might not directly translate or encapsulate new responsibilities. Research what similar roles in similar fields offer to have a clear idea of what realistic expectations are for yourself, in light of the particular circumstances you face.
Are you ready for your next career change? Take a look at our Goulburn Resume ‘s services today!
