How to Negotiate Salary for Your Next Career Move
A salary negotiation can be a difficult conversation, as it requires you to balance what you think you’re worth versus the amount an employer believes they’re able to pay. However, if done correctly it can be an enjoyable experience for both parties, resulting in a better salary for the employee and a greater employee engagement in their work. Here’s how you can negotiate your salary confidently.
Key Takeaways
- Before you negotiate your salary take a look at market rates and industry standards to ensure that your salary offer is fair.
- Find out information by the networking of colleagues, using online tools like LinkedIn Salary and Glassdoor, and contacting professional networks.
- Plan your talk points ahead of time, including education & accreditation in the form of years of relevant work knowledge, accomplishments and achievements, unique skill set & capabilities, knowledge of the industry, and training potential.
- During negotiations, be assured and confident but remain flexible and open-minded. You should highlight tangible results you’ve achieved in your previous positions.
- Keep a positive and upbeat tone throughout the conversation and engage in active listening.
Do your research
Before you enter any salary negotiation, you need to conduct a thorough investigation of market rates and industry standards to make sure your salary offer is realistic. Things that may affect this include experience levels, the size of your company and the location of the company. (?). One way to gather information is through networking with colleagues or other professionals within your job field.
Research Online
With the aid of online resources, such as [LinkedIn SalaryUtilizing some of the online resources, such as [LinkedIn Salary (https: //www. linkedin. com/salary) and [GlassdoorGlassdoor (https: //www. glassdoor. com/Salaries/index. http://www.salaries.com/index.html) you will get a an extensive view of the salary range that benchmarking companies pay for the same job. This will give you an idea of the current market prices and also other aspects related to a job.
Your Network Is Important
Gain insight by speaking to colleagues who have been in similar roles or reaching out via professionals networks as well doing brainstorming members of professional associations.
Create Talking points
Preparing for any negotiation is always time well spent. You’ll be much more confident in presenting your case if you have a set of talking points outlined ahead of time.
Here are some examples of things that you might want to think about during your salary negotiation:
- Certification and education
- Years of relevant experience
- The results and accomplishments
- A unique set of skills and characteristics (e.g., bilingualism)
- Industry-specific knowledge
- Training potential
A notepad or notebook can aid in conversations, so that one doesn’t forget any important information.
Be confident & concise
During a salary negotiation, it’s important to be confident and clear. Speak clearly about your experiences accomplishments, your job goals and achievements. It’s crucial to maintain your tone of voice positive throughout the dialogue so that the employer doesn’t feel like you’re appearing to be insecure.
Highlight Tangible Results
Simply stating that one is determined, hardworking and goal-oriented might not be enough for an impactful appeal. Therefore, provide clear data regarding the ways in which previous jobs made significant difference to companies or what are the most valuable abilities that can benefit an organization.
Keep your mind open
If your employer cannot agree to your salary request or compensation package outright Being flexible and open can allow room for dialogue. It is possible to inquire about alternative rewards, like performance-based bonus structures, instead of Base salary(? ).
You must remain professional during the negotiation process - no matter how well or not: Being too aggressive or making unreasonable demands could have a negative impact for all parties who is involved.
Practice active listening
Listening is equally as important as communicating during these kinds of conversations. Pay attention to your counterpart during negotiations. Listen to specific requests and resolving doubts, if necessary, while remaining in the spirit of your their original request. Both parties should ultimately arrive at acceptable outcomes.
Consider the lessons you’ve learned from these conversations and incorporate them into future talks you’re likely to participate in. Applying the advice above goes a long way towards maximizing your chances of achieving an agreement that is mutually beneficial.
| Your network is important | Speak to friends who have been in similar positions or connect with professionally-oriented networks as well doing brainstorming members within professional organizations. |
| Create Talk points | Certification and education, Years of relevant experience, Performance and achievements, unique abilities and skills (e.g. the ability to speak two languages) and industry knowledge. the potential for training |
| Be confident & concise | Talk clearly about your personal experiences accomplishments, job goals and achievements. Highlight Tangible Results. |
| Be flexible | Consider alternative incentives such as the performance-based bonuses instead of Base salary. (?). You must remain professional throughout the negotiation process. |
| Practice active listening | Listening is equally as important as communicating in these kinds of conversations. Consider what you’ve learned away from these conversations and incorporate them into the future conversations you’ll probably be involved in. |
Are you ready for your next job change? Explore the services of our Orange Resume ‘s services today!
Frequently Asked Questions
What is salary negotiation?
It is the act of discussing and deciding on the compensation plan for a position. Through this process you are able to discuss more than just the salary you earn, but also additional benefits such as retirement plans, health insurance, and more.
Why why is it important to bargain on salary?
Negotiating your salary will give you a better financial future and also show that you are aware of your worth. This can help you avoid putting money on the table.
When should I begin to negotiate the salary?
It is ideal to begin negotiations immediately after receiving an offer so that all parties are conscious of what’s being negotiated. So, negotiations are focused on securing the best terms, while avoiding any surprises.
What if I am happy with the offer with no negotiation?
If you get an offer and are content with it, there’s no need to discuss it. However, it’s essential to be clear about what your employer’s expectations regarding things such as compensation for training or performance-based bonuses.
Do I have the option of negotiating my salary when changing careers?
Negotiating your salary after changing career paths may require added training because your previous work experiences might not translate or overlap with new responsibilities. Find out what similar jobs in related industries pay in order to get a solid comprehension of realistic expectations for you, considering the particular circumstances you face.
Are you ready for your next job move? Explore our Orange Resume ‘s services today!
