How to Negotiate Salary for Your Next Career Move
Negotiating your salary is a difficult conversation, as it involves balancing what you consider your worth and what your employer believes they’re able to afford. But, if it’s done correctly it could be an enjoyable experience for both sides that results in a greater salary for the employee as well as greater engagement of the employee in their job. Here’s how to bargain your salary in confidence.
Key Takeaways
- Before you make a salary offer, research market rates and industry standards to ensure your salary request is realistic.
- Get information from connecting with colleagues through online resources like LinkedIn Salary and Glassdoor, and reaching out to professional networks.
- Plan your talk points ahead of time, including education and certificates in the form of years of relevant work experiences, achievements and results and unique skills capabilities, knowledge of the industry, and training potential.
- During negotiations, be confident and clear, but be flexible and open-minded. Highlight tangible results that you achieved in your previous positions.
- Maintain a positive mood throughout the conversation, and engage in active listening.
Do your research
Before you enter any negotiations regarding salary, it’s essential to conduct a thorough investigation of market rates and industry standards to make sure that your salary proposal is realistic. Some factors that can affect this could include the level of experience, levels, the size of your company and geographical location. (?). A great method of gathering information is to make connections with colleagues and others who are in the same field of work.
Research Online
With the help of internet-based resources like [LinkedIn SalaryUtilizing some of the online resources, such as [LinkedIn Salary (https: //www. linkedin. www.linkedin.com/salary) and [Glassdoorglassdoor (https http://www. glassdoor. com/Salaries/index. http://www.salaries.com/index.html) you can get an additional perspective on the salary range that benchmarking businesses are providing for same job. This gives you an idea of the market rates and other facets of an employment.
Your Network is Vital
Learn more by talking to colleagues who have been in similar roles, or reaching out via professionals networks as well doing brainstorming members within professional organizations.
Plan Talking points
The time spent in preparing for a meeting is time well spent. You’ll feel more confident when presenting your case if you have a set of talk points that you have outlined prior to the time.
Here are some ideas of what you could consider including in your salary negotiation:
- Education and certification
- Years of relevant experience
- The results and accomplishments
- Unique skill set and qualities (e.g. the ability to speak two languages)
- Industry-specific knowledge
- Training potential
The idea of keeping a notepad and/or notes handy could assist during conversations to ensure that one doesn’t miss any important information.
Be confident & concise
In a negotiation for a salary it’s crucial to appear confident and clear. Be clear about your experience as well as your achievements and expectations for the job. It is important to keep an optimistic tone throughout the conversation to ensure that your employer doesn’t feel like you’re being hostile.
Show tangible results
Simply saying that you are committed, hardworking, and aspire-driven person may not be enough to make an impressive appeal. Therefore, provide clear data on how previous roles made an impact in the workplace or the value of specific abilities that help an organisation.
Remain flexible
If the employer cannot agree to your requested salary or compensation plan in full Being flexible and open will allow for dialog. You may be able to ask for alternative incentive options such as performance-based bonuses or models instead of Base salary(? ).
Make sure to remain professional throughout the negotiation process - regardless of how smoothly or poorly it’s going: getting too defensive or making unreasonable demands can have a negative impact for everybody involved.
Practice active listening
Listening is equally as important as communicating during these kinds of conversations. Be attentive to the another party while you negotiate, listening to the requests carefully and clarifying questions if needed, but remaining in the spirit of your original request. In the end, both parties must arrive at acceptable outcomes.
Use the lessons you’ve learned away from these conversations and incorporate it into any future negotiations that you’re likely to be involved in. Applying the advice above goes far in maximizing your chances of achieving mutually beneficial outcomes.
| Your network is important | Speak to friends who have held similar roles or reach out via professional networks as well as brainstorming members of professional associations. |
| Plan Talk points | Certification and education, Years of relevant experience and accomplishments, unique ability and traits (e.g., bilingualism) and industry knowledge. the potential for training |
| Be confident & concise | Talk clearly about your personal experiences accomplishments, job goals and achievements. Highlight Tangible Results. |
| Stay flexible | Consider alternative incentives such as bonuses based on performance 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. Take what you have learned away from these conversations and apply it to future discussions you’ll likely be involved in. |
Are you ready for your next career move? Check the services of our Wollongong Resume ‘s services today!
Frequently Answered Questions
What is the concept of salary negotiation?
Negotiating salary is negotiating and finalizing the compensation package to be paid for your job. When you negotiate this, you can discuss not only your base salary but also benefits like retirement plans, health insurance, and more.
Why is it so important to negotiate salary?
Negotiating your salary could give you a more secure financial future as well as show that you’re confident about your worth. It will also allow you to not leave money on the table.
What is the best time to negotiate my salary?
It is recommended to begin negotiations immediately after receiving an offer so that all parties are conscious of what’s being discussed. So, negotiations will focus on securing ideal terms while avoiding unpleasant surprises.
What if I am happy with the deal I received without negotiating?
If you receive an offer and are content with the offer, then there’s no reason to discuss it. It’s nevertheless important to be clear about what the employer will offer regarding things such as rewards based on performance or reimbursements for career training.
Do I have the option of negotiating my salary when switching careers completely?
The negotiation of salary for changing career paths could require additional training because your previous work experiences may not be directly applicable or be a part of the new job. Find out what similar jobs in similar fields pay in order to get a solid knowledge of the realistic expectations you can set for yourself, in light of your specific circumstances.
Ready for your next career change? Go through our Wollongong Resume ‘s services today!
