How to Negotiate Salary for Your Next Career Move
Negotiating your salary is difficult to talk about, because it involves balancing what you believe you’re worth with what an employer thinks they’re able to pay. If it’s done right, it can be an enjoyable experience for both the employer and employee, which results in a greater salary for the employee, as well as greater employee engagement in their work. Here’s how you can negotiate your salary confidently.
The most important takeaways
- Before you make a salary offer study market rates and industry standards to make sure that the salary you request is reasonable.
- Gather information through connecting with colleagues through online resources such as LinkedIn Salary and Glassdoor, and reaching out to professional networks.
- Prepare talking points ahead of the time, including education and certification as well as years of relevant knowledge, accomplishments and achievements with a unique set of skills and abilities, industry expertise, and potential for training.
- During the negotiation, be confident and articulate but also flexible and open-minded. Show tangible results that you achieved in your previous roles.
- Maintain a positive tone throughout the conversation, and engage in active listening.
Do your research
Before entering into any negotiations regarding salary, it’s essential to conduct a thorough study of market rates and industry standards to make sure that your salary proposal is reasonable. Some factors that can affect this could include the level of experience, levels, the size of your company and the location of the company. (?). Another great method to gather information is through networking with your colleagues or those who are in the same profession.
Research Online
With the help of some internet-based resources like [LinkedIn SalaryWith the help of some online resources like [LinkedIn Salary (https: //www. linkedin. http://www.linkedin.com/salary) and [Glassdoorglassdoor (https: //www. glassdoor. com/Salaries/index. http://www.salaries.com/index.html) you will get a an additional perspective on the range of benchmarking salaries companies pay for the same job. This will give you an idea of current market rates and other facets of an employment.
Your Network is Important
Get insight from talking to acquaintances who have had similar positions or reaching out through professionally-oriented networks and brainstorming with members within professional organizations.
Make Talk points
Time spent preparing for any negotiation is always time well spent. You’ll feel more confident when presenting your case if you have a clearly defined set of talk points that you have outlined ahead of time.
Here are a few instances of things that you might consider including in your salary negotiation:
- Certification and education
- Experience gained through years of relevant work
- Results and achievements
- A unique set of skills and characteristics (e.g. language proficiency,)
- Know-how in the field
- Potential for training
The idea of keeping a notepad and/or notes handy could be helpful during conversations so that one doesn’t miss any important information.
Be confident & concise
During a salary negotiation It is important to be confident and clear. Talk clearly about your work experience accomplishments, your job goals and achievements. It’s important to maintain a positive tone throughout this dialogue so that the person who is hiring you feels that you’re not being aggressive.
Show tangible results
Simply stating one is ambitious, hardworking, and goal-oriented may not be enough to make an appealing appeal. It is important to present clear and precise data on how previous roles made significant difference to companies or how important are certain qualities that can benefit an organization.
Stay flexible
If your employer cannot agree to your requested salary or compensation package, remaining flexible and open-minded can help create space for dialogue. It is possible to inquire about alternative incentives like performance-based bonus arrangements instead of the Base salary(? ).
Keep your cool throughout the negotiation - regardless of how successfully or not: Being too aggressive or making unreasonable demands will likely have a negative impact for everybody involved.
Practice active listening
Listening is just as important as communicating in these types of conversations. Be attentive to the any other participant during negotiations, observing requested amount carefully & clarifying doubts, if necessary, while gently sticking with what you originally requested. The goal is to be able to reach a satisfactory conclusion.
Take what you have learned from these conversations and incorporate them into future negotiations that you’re likely to be involved in. Following the tips above goes a long way towards maximizing the chances of achieving positive outcomes that are mutually beneficial.
| Your network is important | Talk to your friends who have held similar roles or connect with the professional network and brainstorming with members of professional associations. |
| Create Talk points | Qualifications and training, Years of relevant experience and achievements, Unique abilities and skills (e.g., bilingualism), Industry knowledge, ability to train |
| Be confident & concise | Talk clearly about your personal experiences your accomplishments and expectations for the job. Focus on tangible results. |
| Remain flexible | Find out about other incentives, such as incentive structures based on performance rather than Base salary. (?). You must remain professional during the negotiation process. |
| Practice active listening | Listening is equally as important as speaking during these kinds of conversations. Learn from these discussions and apply it to future negotiations you’ll likely take part in. |
Are you ready for your next career shift? Check for our Broken Hill Resume ‘s services today!
Frequently Answered Questions
What is salary negotiation?
Salary negotiation is the process of negotiating and deciding on the compensation plan to be paid for your job. Through this process, you can discuss not only the base salary, but also benefits like health insurance, retirement plans, and more.
Why is it important to discuss salary?
Negotiating your pay can provide you a better financial outlook and also show that you know your worth. It will also allow you to avoid leaving money on the table.
When should I start negotiating a salary?
It is best to begin negotiations immediately after receiving an offer so that all parties are conscious of what’s being discussed. This way, the negotiations are focused on securing the best terms, while avoiding any surprise.
What happens if I am completely satisfied with the package I was offered without negotiating?
If you get an offer and are content with it, then there’s no need to negotiate. It’s nevertheless important to provide clear information about what your employer’s expectations in the form of the performance-based bonus or career-training reimbursements.
Do I have the option of negotiating my salary when I change careers entirely?
The negotiation of salary for changing career paths can require extra preparation because your past experience may not directly translate or encapsulate new responsibilities. Research what similar roles in related fields pay to gain a robust idea of what realistic expectations are for you, based on the particular circumstances you face.
Are you ready for your next career shift? Go through out Broken Hill Resume ‘s services today!
