How to Negotiate Salary for Your Next Career Move
A salary negotiation is a difficult conversation, as it involves balancing what think you’re worth versus what the employer thinks they’re able to pay. But, if it’s done correctly it can result in positive for both the employer and employee, which results in a higher salary for the employee and greater satisfaction for the employees in their work. Here’s how to make your salary negotiation a success.
Important Takeaways
- Before you make a salary offer take a look at market rates and industry standards to ensure that the salary you request is reasonable.
- Find out information by connecting with colleagues through online resources like LinkedIn Salary and Glassdoor, and contacting professional networks.
- Create talking points ahead of time, including education & certificates and years of relevant experience, results & achievements as well as unique skill sets and capabilities, knowledge of the industry, and potential for training.
- During the negotiation, you must be assured and confident but remain flexible and open-minded. Show tangible results that you’ve had in your previous roles.
- Keep a positive and upbeat tone throughout the conversation and make sure you are listening actively.
Do your research
Prior to entering any pay negotiation, it’s crucial to conduct thorough research on current market rates and industry standards to ensure that your salary request is realistic. Some factors that can affect this could include experience degree, size of the company and geographical location. (?). Another great method to gather information is to network with colleagues or other professionals who are in the same profession.
Research Online
With the help of some online resources, such as [LinkedIn Salary] (https: //www. linkedin. com/salary) and [GlassdoorGlassdoor (https http://www. glassdoor. com/Salaries/index. http://www.salaries.com/index.html) You can find a more comprehensive information about the benchmarking range of salary businesses are providing for same job. This gives you an idea of the current market rates and other factors related to the job.
Your Network is Vital
Learn more by talking to friends who have held similar positions or reaching out through professionally-oriented networks and brainstorming with professionals in professional organizations.
Create talking points
Preparing for any negotiation is always well spent. You’ll be much more confident when the presentation of your case if are prepared with a specific set of talking points outlined in advance.
Here are some ideas of things that you could consider when negotiating your salary:
- Certification and education
- Years of relevant experience
- Results and achievements
- A unique set of skills and characteristics (e.g., bilingualism)
- Know-how in the field
- Training potential
The idea of keeping a notepad and/or notes handy could also help during conversations so that one doesn’t miss any important points.
Be confident & concise
In a salary negotiation It is important to be confident and articulate. Make sure you are clear about your past experiences of accomplishments and your expectations. It’s important to maintain a positive attitude throughout this discussion so that the employer isn’t appearing to be hostile.
Highlight the tangible results
Simply saying that you are determined, hardworking and goal-oriented may not be enough to generate an appealing appeal. Therefore, provide clear data on how previous roles made significant difference to companies or how important are certain qualities that can benefit an organization.
Remain flexible
If your employer isn’t able to your requested salary or compensation arrangement being flexible and open can allow room for discussion. You could ask about alternative rewards, like performance-based bonus structures, instead of the Base salary(? ).
Keep your cool during the negotiation process - no matter how well or poorly it’s going Being too aggressive or making unreasonable demands is likely to have a negative impact for all parties affected.
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 at all while gently sticking with their original request. The goal is to arrive at acceptable outcomes.
Use the lessons you’ve learned away from these conversations and incorporate it into the next negotiations you’ll likely take part in. Applying the advice above goes far in maximizing your chances of reaching positive outcomes that are mutually beneficial.
| Your Network is Important | Talk to your friends who have had similar experiences or connect with professionally-oriented networks and brainstorming with members within professional organizations. |
| Plan Talk points | Qualifications and training, Years of relevant experience, Performance and accomplishments, unique ability and traits (e.g. bi-lingualism) Know-how in the field, the potential for training |
| Be confident & concise | Make sure you are clear about your experience, achievements and job expectations. Make sure you highlight tangible results. |
| Be flexible | You can inquire about alternative incentives such as incentive structures based on performance rather than Base salary. (?). Be sure remain professional during the negotiation process. |
| Practice active listening | Listening is equally as important in these types of conversations. You can take the lessons you’ve learned from these conversations and incorporate it into any future negotiations you’ll likely take part in. |
Ready for your next career move? Take a look at out Manukau 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 plan to be paid for your job. During this process it is possible to discuss not just your salary base, but also additional benefits such as health insurance, retirement plans as well as other benefits.
Why is it necessary to negotiate salary?
Negotiating your salary can give you a more secure financial future and also show that you’re confident about your worth. This can help you avoid leaving money on the table.
How soon should I negotiate for a raise?
It is recommended to begin negotiations after receiving an offer so everyone is conscious of what’s being negotiated. So, negotiations will be focused on securing perfect terms while avoiding unexpected unintentional surprises.
What if I am content with the offered package without negotiating?
If you receive an offer and you are satisfied with it, there’s probably no need to discuss it. However, it’s essential to communicate clearly what employers will provide in the form of compensation for training or performance-based bonuses.
Can I negotiate salary when switching careers completely?
The negotiation of salary for changing careers may require more preparation due to the fact that your previous experiences may not be directly applicable or encapsulate new responsibilities. Study what similar positions in related industries pay, to develop a thorough knowledge of the realistic expectations you can set for you, based on the specific circumstances.
Are you looking forward to your next career change? Go through the services of our Manukau Resume ‘s services today!
