How to Negotiate Salary for Your Next Career Move
Negotiating a salary can be an arduous process because it requires you to balance what you consider your worth and what an employer thinks they’re able to afford. However, if done correctly it can result in a positive experience for both sides that results in a better salary for the employee, as well as greater engagement of the employee in their job. Here’s how you can negotiate your salary with confidence.
Principal Takeaways
- Before you negotiate your salary take a look at market rates and industry standards to ensure that the salary you request is reasonable.
- Find out information by the networking of colleagues, using online tools like LinkedIn Salary and Glassdoor, and contacting professional networks.
- Make a list of talking points ahead the time, including education and certificates in the form of years of relevant work knowledge, accomplishments and achievements as well as unique skill sets and qualities, industry knowledge, and the potential for further training.
- During the negotiation, you must be confident and clear, but be flexible and open-minded. You should highlight tangible results you achieved in your previous roles.
- Maintain a positive tone throughout the conversation, and make sure you are listening actively.
Do your research
Prior to entering any salary negotiation, you need to conduct a thorough study of current market rates and industry standards to ensure that your salary suggestion is reasonable. Factors that might impact the amount you are offered could be levels of experience levels, the size of your company and geographical location. (?). A great method of gathering data is to connect with colleagues or other professionals in your chosen profession.
Research Online
Utilizing online resources, such as [LinkedIn Salarywith the help of certain online resources such as [LinkedIn Salary] (https: //www. linkedin. https://www.linkedin.com/salary) and [GlassdoorGlassdoor (https http://www. glassdoor. com/Salaries/index. http://www.salaries.com/index.html) you can get more comprehensive information about the benchmarking range of salary that companies offer for the exact role which will gives you an idea of the market rates and other aspects related to an employment.
Your Network Is Essential
Learn more by talking to friends who have held similar positions or reaching out via professional networks as well doing brainstorming members of professional associations.
Prepare Talking points
Preparing for any negotiations is always a good time spent. You’ll feel much more confident when giving your argument if you have a set of talk points that you have outlined ahead of time.
Here are a few instances of items you could consider including in your salary negotiation:
- Education and certification
- Years of relevant experience
- Results and achievements
- A unique set of skills and characteristics (e.g., bilingualism)
- Industry knowledge
- Training potential
Also keeping notes/notebook handy can aid in conversations, so it is not lost crucial points.
Be confident & concise
In a negotiation for a salary It is important to be confident and clear. Speak clearly about your experiences, achievements and job expectations. It’s important to maintain a positive attitude throughout this conversation to ensure that your employer isn’t appearing to be unfriendly.
Highlight Tangible Results
Simply saying that you are driven, hardworking, and goal-oriented may not be enough for an impactful appeal. So put forward clear statistics on how previous roles made an impact in the workplace or what are the most valuable abilities which benefit organisation
Remain flexible
If your employer isn’t able to your salary or compensation arrangement being flexible and open can help create space for dialog. You may be able to ask for alternative incentives like performance-based bonus arrangements instead of the Base salary(? ).
Make sure to remain professional throughout the negotiation process no matter how well or poorly it’s going getting too defensive or making unreasonable demands will likely lead to a negative outcome for everyone that is.
Practice active listening
Listening is just as important as communicating in these types of conversations. Do listen actively from any other participant during negotiations, observing the amount requested carefully and clarifying doubts as much as you can while maintaining the their original request. The goal is to be able to reach a satisfactory conclusion.
Take what you have learned from these conversations and incorporate it into any future talks you’re likely to participate in. The tips mentioned above will go an enormous way to increasing 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 connect with professionally-oriented networks in addition to brainstorming members of professional associations. |
| Prepare Talk points | Certification and education, Years of relevant experience, Results and accomplishments, Unique ability and traits (e.g. bi-lingualism) Know-how in the field, the potential for training |
| Be confident & concise | Be clear about your experience as well as your achievements and expectations. Use tangible results to highlight your achievements. |
| Be flexible | Ask about alternative incentives like performance-based bonus structures instead of Base salary. (?). Keep your professional conduct during the negotiation. |
| Practice active listening | Listening is equally important as speaking during these kinds of conversations. Learn away from these conversations and apply it to future discussions you’ll likely be involved in. |
Are you ready for your next job change? Explore the services of our Mackay Resume ‘s services today!
Frequently asked questions
What is salary negotiation?
The process involves discussing and finalizing the compensation package to be paid for your job. When you negotiate this, you can discuss not just your salary base, but also benefits like health insurance, retirement plans and much more.
Why is it important to negotiate a salary?
Negotiating your pay can provide you a more secure financial future as well as indicate that you are aware of your worth. It will also allow you to avoid leaving money on the table.
When should I start negotiating for a raise?
It is recommended to begin negotiations following the acceptance of an offer to ensure everyone is informed of what’s being negotiated. Then, the negotiations are focused on securing ideal terms while avoiding unpleasant surprises.
What happens if I am completely satisfied with the deal I received with no negotiation?
If you receive an offer and are pleased with it, there’s probably no need to negotiate. But it’s important to have transparent communication about what the employers are willing to offer in terms of things like compensation for training or performance-based bonuses.
Can I negotiate salary when changing careers?
Negotiating salary when you change career paths could require additional planning because your prior experience may not directly translate or overlap with new responsibilities. Study what similar positions in related fields offer to have a clear idea of what realistic expectations are for you, based on the specific circumstances.
Are you looking forward to your next career shift? Check our Mackay Resume ‘s services today!
