How to Negotiate Salary for Your Next Career Move
A salary negotiation is an arduous process because it is about balancing what you think you’re worth versus what an employer thinks they’re able to afford. If done properly it can be an enjoyable experience for both parties that results in a better salary for the employee, as well as greater employee engagement in their work. Here’s how you can negotiate your salary confidently.
Key Takeaways
- Before you negotiate your salary make sure you research market rates as well as industry standards to ensure that your salary request is realistic.
- Gather information through networking with colleagues, using online resources like LinkedIn Salary and Glassdoor, and contacting professional networks.
- Prepare talking points ahead of time, including education and certification as well as years of relevant knowledge, accomplishments and achievements, unique skill set & qualities, industry knowledge, and potential for training.
- During the negotiation, be assertive and confident, yet flexible and open-minded. Show tangible results that you’ve achieved in your previous positions.
- Keep a positive and upbeat tone throughout the conversation and make sure you are listening actively.
Do your research
Before entering into any negotiations regarding salary, it’s essential to conduct a thorough study of the market and standards in the industry to ensure that your salary suggestion is reasonable. The factors that could affect this include your experience level, company size and the location of the company. (?). Another great method to gather information is to make connections with your colleagues or those in your chosen area of work.
Research Online
With the help of online resources such as [LinkedIn Salarywith the help of certain online resources such as [LinkedIn Salary] (https: //www. linkedin. http://www.linkedin.com/salary) and [Glassdoorglassdoor (https http://www. glassdoor. com/Salaries/index. Htm) you will get a more substantial approach towards the benchmarking range of salary companies pay for the same job. This will give you an idea about current market rates and other elements that are related to the job.
Your Network Is Important
Get insight from talking to friends who have held similar positions or reaching out via professionals networks as well doing brainstorming professionals in professional organizations.
Make talking points
Preparing for a negotiation is always well spent. You’ll be much more confident when making your case if you have a clear set of talking points outlined prior to the time.
Here are some ideas of things that you might consider when negotiating your salary:
- Training and certification
- Experience gained through years of relevant work
- The results and accomplishments
- Unique skill set and qualities (e.g. language proficiency,)
- Knowledge of the industry
- Training potential
The idea of keeping a notepad and/or notes handy could assist during conversations to ensure it is not lost important points.
Be confident & concise
When you negotiate your salary, it’s important to be confident and clear. Talk clearly about your work experience of accomplishments and your expectations. It is important to keep an optimistic tone throughout the conversation so that the employer feels like you’re not coming across as aggressive.
Highlight Tangible Results
Simply stating that one is determined, hardworking and goal-oriented may not be enough to create an impressive appeal. So put forward clear statistics regarding how prior roles have made a difference in companies or what are the most valuable skills which benefit organisation
Keep your mind open
If the employer isn’t able to agree to your salary or compensation plan in full Being flexible and open will help open the door to discussion. You can inquire about alternatives to incentives, such as performance-based bonus structures, instead of the Base salary(? ).
Make sure to remain professional throughout the negotiation - regardless of how well or not: being too combative or making unreasonable demands could lead to a negative outcome for all parties involved.
Practice active listening
Listening is equally as important as communicating in these types of conversations. Pay attention to your counterpart during negotiations. Listen to specific requests and resolving doubts, if necessary, while keeping to the initial request. Both parties should ultimately be able to reach a satisfactory conclusion.
Use the lessons you’ve learned from these discussions and incorporate them into future discussions you’ll probably be involved in. The tips mentioned above will go far in maximizing 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 to professionally-oriented networks as well as brainstorming members within professional organizations. |
| Prepare Talk points | Certification and education, Years of relevant experience, Results and accomplishments, unique skill set and qualities (e.g. bi-lingualism) and industry knowledge. Training potential |
| Be confident & concise | Make sure you are clear about your experience as well as your achievements and expectations. Make sure you highlight tangible results. |
| Keep your mind open | Consider alternative incentives such as bonuses based on performance instead of Base salary (?). Be sure remain professional during the negotiation. |
| Practice active listening | Listening is equally important as communicating during these types of conversations. Learn away from these conversations and incorporate them into future negotiations you’ll likely take part in. |
Are you looking forward to your next career change? Explore for our Broken Hill Resume ‘s services today!
Frequently Asked Questions
What is salary negotiation?
The process involves discussing and deciding on the compensation package for a particular job. In this negotiation you are able to discuss more than just the salary you earn, but also additional benefits such as retirement plans, health insurance as well as other benefits.
Why is it important to negotiate a salary?
Negotiating your salary can give you a more secure financial future and also show that you know your worth. It will also allow you to avoid leaving money on the table.
How soon should I negotiate my salary?
It’s best to begin negotiating after you have received an offer, so that all parties are aware of what is being discussed. This way, the discussions are focused on negotiating ideal terms while avoiding surprises.
What happens if I am completely satisfied with the offered package without any negotiation?
If you get an offer and are pleased with it, then there may be no need to bargain. But it’s important to provide clear information about what the employer will offer in the form of the performance-based bonus or career-training reimbursements.
What is the best way to negotiate my salary? switching careers completely?
The negotiation of salary for changing careers may require more preparation due to the fact that your previous experiences might not translate or encapsulate new responsibilities. Find out what similar jobs in similar fields pay to gain a robust understanding of realistic expectations for you, based on your specific circumstances.
Are you ready for your next career change? Go through the services of our Broken Hill Resume ‘s services today!
