How to Negotiate Salary for Your Next Career Move
A salary negotiation is difficult to talk about, because it requires you to balance what you believe you’re worth with the amount an employer believes they’re able to afford. However, if done correctly it could be positive for both parties that results in a greater salary for the employee and a greater employee engagement in their work. Here’s how to negotiate your salary confidently.
Important Takeaways
- Before you make a salary offer study market rates and industry standards to ensure your salary proposal is realistic.
- Find out information by the networking of colleagues, using online resources such as LinkedIn Salary and Glassdoor, and also reaching out to professional networks.
- Plan your talk points ahead of the time, including education and accreditation and years of relevant knowledge, accomplishments and achievements with a unique set of skills and abilities, industry expertise, and potential for training.
- During negotiations, be confident and clear, but be flexible and open. Show tangible results that you achieved in your previous roles.
- Keep a positive and upbeat tone throughout the conversation, and practice active listening.
Do your research
Before entering into any salary negotiation, it’s important to conduct a thorough study of the market and standards in the industry to ensure that your salary suggestion is realistic. Things that may affect this may include levels of experience degree, size of the company, and location (?). One great way to gather information is to network with colleagues and others within your profession.
Research Online
Utilizing online sources, like [LinkedIn SalaryWith the help of some online resources like [LinkedIn Salary (https http://www. linkedin. http://www.linkedin.com/salary) and [Glassdoor] (https http://www. glassdoor. com/Salaries/index. htm) you can get more substantial approach towards the salary range that benchmarking that companies offer for the exact job. This will give you an idea about current market rate and a few other facets of a job.
Your Network Is Vital
Get insight from talking to acquaintances who have had similar positions or reaching out via professionally-oriented networks as well doing brainstorming members within professional organizations.
Create talking points
Preparing for a negotiation is always time well spent. You’ll feel more confident in presenting your case if you are prepared with a specific list of points to discuss ahead of time.
Here are a few suggestions of things that you might want to think about to include in your salary negotiation:
- Education & certification
- Experience gained through years of relevant work
- Achievements and results
- A unique set of skills and characteristics (e.g. the ability to speak two languages)
- Industry knowledge
- Potential for training
Also keeping notes/notebook handy can be helpful during conversations so it is not lost important points.
Be confident & concise
When you negotiate your salary it is essential to be confident and articulate. Make sure you are clear about your past experiences, achievements and job expectations. It’s important to maintain a positive tone throughout this dialogue so that the employer doesn’t feel like you’re coming across as hostile.
The Key to Tangible Results
Simply stating one is ambitious, hardworking, and focused may not be enough for an appealing appeal. So put forward clear statistics on how previous roles made an impact in the workplace or what are the most valuable qualities which benefit organisation
Remain flexible
If your employer cannot agree to your salary request or compensation package outright Being flexible and open can allow room for dialog. You can inquire about alternatives to incentives, such as performance-based bonus structures instead of the Base salary(? ).
Be sure remain professional throughout the negotiation - regardless of how well or badly it’s going being too combative or making unreasonable demands is likely to result in an unfavourable outcome for everybody who is involved.
Practice active listening
Listening is equally as important as communicating during these kinds of conversations. Be attentive to the other party during negotiations hearing requests carefully and clarifying doubts, if necessary, while maintaining the their original request. Ultimately both parties should be able to reach a satisfactory conclusion.
Use the lessons you’ve learned from these discussions and incorporate it into the next negotiations that you’re likely to be involved in. By following the suggestions above, you will go in the right direction to increase your chances of achieving mutually beneficial outcomes.
| Your Network is Important | Talk to your friends who have been in similar positions or reach out to professionally-oriented networks as well as brainstorming members of professional associations. |
| Create Talk points | Certification and education, Years of relevant experience, Results and accomplishments, unique skills and characteristics (e.g., bilingualism) Know-how in the field, the potential for training |
| Be confident & concise | Make sure you are clear about your experience your accomplishments and expectations for the job. Highlight Tangible Results. |
| Be flexible | Ask about alternative incentives like bonuses based on performance instead of Base salary (?). You must remain professional throughout the negotiation process. |
| Practice active listening | Listening is just as important in these types of conversations. Consider what you’ve learned from these discussions and apply it to future negotiations you’ll likely take part in. |
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Frequently Answered Questions
What is the concept of salary negotiation?
Negotiating salary is discussing and deciding on the compensation plan for a job. During this process, you can discuss not just your salary base, but also other benefits, such as retirement plans, health insurance and much more.
Why why is it important to bargain on salary?
Negotiating your pay can provide you a greater financial future as well as indicate that you’re aware of what you’re worth. This can help you not leave money on the table.
How soon should I negotiate a salary?
It is ideal to begin negotiations after you have received an offer, so that everyone is aware of the terms being discussed. Then, the negotiations will be focused on securing the best terms, while avoiding any unintentional surprises.
What if I am content with the offer without negotiating?
If you accept an offer and are pleased with the offer, then there’s no need to negotiate. However, it’s essential to be clear about what employers will provide in the form of performance-based bonuses or career-training reimbursements.
Do I have the option of negotiating my salary when I change careers entirely?
Negotiating your salary after changing career paths could require additional planning because your prior experiences might not translate or overlap with new responsibilities. Find out what similar jobs in similar fields pay to gain a robust knowledge of the realistic expectations you can set for yourself, in light of the particular circumstances you face.
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