How to Negotiate Salary for Your Next Career Move
Negotiating a salary can be difficult to talk about, because it requires you to balance what you believe you’re worth with the amount an employer believes they’ll be able to afford. However, if done correctly it can be a positive experience for both parties that results in a higher pay for the employee and a greater engagement of the employee in their job. Learn how to make your salary negotiation a success.
Principal Takeaways
- Before you negotiate your salary take a look at market rates and industry standards to make sure that your salary request is realistic.
- Collect information through connecting with colleagues through websites like LinkedIn Salary and Glassdoor, and also reaching out to professional networks.
- Make a list of talking points ahead time, including education & accreditation in the form of years of relevant work experiences, achievements and results, unique skill set & qualifications, industry knowledge and training opportunities.
- During the negotiation, you must be assured and confident but remain flexible and open. Show tangible results that you have achieved in previous positions.
- Keep a positive attitude throughout the conversation and make sure you are listening actively.
Do your research
Prior to entering any salary negotiation, it’s important to conduct thorough research on the market and standards in the industry to make sure that your salary proposal is realistic. The factors that could affect the amount you are offered could be experience levels, the size of your company as well as location. (?). One great way to gather information is to network with colleagues or other professionals who are in the same field 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 http://www. linkedin. www.linkedin.com/salary) and [GlassdoorGlassdoor (https http://www. glassdoor. com/Salaries/index. Htm) you will get a an additional perspective on the salary range that benchmarking that companies offer for the exact job. This gives you an idea about current market rate plus few other elements that are related to an employment.
Your Network Is Essential
Gain insight by speaking to people who have had similar positions or reaching out through professionally-oriented networks as well doing brainstorming professionals in professional organizations.
Create Talking points
Preparing for a negotiation is always time well spent. You’ll be much more confident when making your case if you have a clearly defined list of points to discuss in advance.
Here are a few suggestions of what you might consider to include in your salary negotiation:
- Certification and education
- Years of relevant experience
- Achievements and results
- Unique skill set and qualities (e.g. language proficiency,)
- Know-how in the field
- Potential for training
Also keeping notes/notebook handy can be helpful during conversations so it is not lost important points.
Be confident & concise
In a negotiation for a salary, it’s important to be confident and articulate. Talk clearly about your work experience accomplishments, your job goals and achievements. It’s essential to maintain your tone of voice positive throughout the dialogue so that the person who is hiring you feels that you’re not being hostile.
Show tangible results
Simply saying that you are ambitious, hardworking, and goal-oriented may not be enough to generate an strong appeal. Make sure to provide precise statistics 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 salary or compensation arrangement, remaining flexible and open-minded can help create space for dialog. You can inquire about alternative incentive options such as performance-based bonuses or structures, instead of Base salary(? ).
Be sure remain professional throughout the negotiation - no matter how well or badly it’s going fighting too much or imposing unreasonable demands is likely to lead to a negative outcome for all parties who is involved.
Practice active listening
Listening is as crucial as communicating during these types of conversations. Be attentive to the your counterpart during negotiations. Listen to requests carefully and clarifying doubts if at all while maintaining the original request. Both parties should ultimately come out with acceptable results.
Learn from these conversations and incorporate it into the next negotiations that you’re likely to be involved in. The tips mentioned above will go far in maximizing the chance of achieving positive outcomes that are mutually beneficial.
| Your network is important | Speak to friends who’ve held similar roles or reach out to professionally-oriented networks as well as brainstorming members within professional organizations. |
| Create Talk points | Training and certification, years of relevant experience, Results and achievements, unique skills and characteristics (e.g., bilingualism) and industry knowledge. Training potential |
| Be confident & concise | Make sure you are clear about your experience your accomplishments and expectations for the job. Make sure you highlight tangible results. |
| Remain flexible | Find out about other incentives, such as the performance-based bonuses instead of Base salary. (?). Keep your professional conduct during the negotiation. |
| Practice active listening | Listening is just as important in these types of conversations. Take what you have learned from these conversations and incorporate them into the future negotiations that you’re likely to take part in. |
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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 only the base salary, but also benefits like health insurance, retirement plans and much more.
Why is it so important to negotiate salary?
Negotiating your salary can give you a better financial future and also show that you’re aware of what you’re worth. It can also help you avoid putting money on the table.
When should I begin to negotiate the salary?
It is ideal to begin negotiations following the acceptance of an offer to ensure that everyone is aware of the terms being negotiated. In this way, discussions are focused on negotiating optimal terms and avoid surprise.
What happens if I am completely satisfied with the offer without any negotiation?
If you accept an offer and are content with it, then there’s no reason to negotiate. However, it’s essential to be clear 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 changing career paths entirely?
Negotiating salary when you change career paths could require additional training because your previous work experience may not directly translate or overlap with new responsibilities. Learn about the salaries similar to those in similar industries pay in order to get a solid comprehension of realistic expectations for yourself, given your particular situation.
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