How to Negotiate Salary for Your Next Career Move
Negotiating your salary is a difficult conversation, as it is about balancing what you consider your worth and what the employer thinks they can afford. However, if done correctly it could be positive for both parties that results in a higher pay for the employee and a greater engagement of the employee in their job. Here’s how you can negotiate your salary with confidence.
Key Takeaways
- Before you make a salary offer take a look at market rates and industry standards to confirm that your salary request is realistic.
- Collect information through connecting with colleagues through online tools like LinkedIn Salary and Glassdoor, as well as reaching out to professional networks.
- Create talking points ahead of time, including education and certifications and years of relevant experience, the results and achievements as well as unique skill sets and qualities, industry knowledge, and training opportunities.
- In the course of negotiations, you should be assertive and confident, yet flexible and open-minded. You should highlight tangible results you’ve achieved in your previous roles.
- Maintain a positive tone throughout the conversation and make sure you are listening actively.
Do your research
Before you enter any salary negotiation, it’s important to conduct a thorough study of market rates and industry standards to ensure that your salary request is realistic. Factors that might impact this include levels of experience degree, size of the company, and location (?). A great method of gathering information is through networking with colleagues and others in your chosen job field.
Research Online
Utilizing online resources, such as [LinkedIn SalaryUtilizing some of the online resources, such as [LinkedIn Salary (https: //www. linkedin. www.linkedin.com/salary) and [Glassdoor] (https http://www. glassdoor. com/Salaries/index. Htm) you can obtain a more comprehensive information about the range of benchmarking salaries companies pay for the same role which will gives you an idea about current market rate and a few other facets of an employment.
Your Network is Important
Find out more about your situation by talking with people who have had similar roles, or reaching out through professionally-oriented networks as well as brainstorming members of professional associations.
Prepare talking points
The time spent in preparing for a negotiations is always a good time spent. You’ll be more confident when making your case if you are prepared with a specific set of talk points that you have outlined in advance.
Here are some instances of things you may want to consider to include in your salary negotiation:
- Education & certification
- Experience gained through years of relevant work
- The results and accomplishments
- Unique skill set and qualities (e.g., bilingualism)
- Knowledge of the industry
- Training potential
The idea of keeping a notepad and/or notes handy could assist during conversations to ensure that you don’t miss any important information.
Be confident & concise
In a negotiation for a salary It is important to be confident and clear. Make sure you are clear about your past experiences accomplishments, your job goals and achievements. It’s essential to maintain a positive tone throughout this dialogue so that the employer feels like you’re not seeming insecure.
Highlight the tangible results
Simply stating one is driven, hardworking, and goal-oriented might not be enough to create an impactful appeal. It is important to present clear and precise data on how previous roles made an impact in the workplace or what are the most valuable qualities that benefit the organization.
Stay flexible
If your employer cannot agree to your salary or compensation package, remaining flexible and open-minded can allow room for dialogue. You can inquire about alternative incentives like performance-based bonus models instead of the Base salary(? ).
You must remain professional throughout the negotiation - regardless of how successfully or not: getting too defensive or making unreasonable demands is likely to have a negative impact for all parties that is.
Practice active listening
Listening is as crucial as communicating in these types of conversations. Be attentive to the another party while you negotiate, listening to the requests carefully and clarifying doubts if at all while remaining in the spirit of your their original request. Both parties should ultimately arrive at acceptable outcomes.
Consider the lessons you’ve learned away from these conversations and incorporate it into any future discussions you’ll probably be involved in. Applying the advice above goes far in maximizing the chance of achieving positive, mutually beneficial results.
| Your network is important | Talk to your friends who have had similar experiences or reach out to networking networks for professionals and brainstorming with members of professional associations. |
| Create Talk points | Certification and education, Years of relevant experience, Results and accomplishments, unique skill set and qualities (e.g. bi-lingualism) Know-how in the field, Potential for training |
| Be confident & concise | Speak clearly about your experiences your accomplishments and expectations for the job. Make sure you highlight tangible results. |
| Keep your mind open | Ask about alternative incentives like performance-based bonus structures instead of Base salary (?). Keep your professional conduct throughout the negotiation process. |
| Practice active listening | Listening is just as important as speaking during these kinds of conversations. Learn from these conversations and incorporate them into future negotiations that you’re likely to take part in. |
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Frequently asked questions
What is salary negotiation?
Negotiating salary is discussing and deciding on the compensation plan for a job. Through this process you are able to discuss more than only the base salary, but also benefits like health insurance, retirement plans as well as other benefits.
Why is it so important to discuss salary?
Negotiating your salary will give you a more secure financial future as well as indicate that you are aware of your worth. It also helps you keep money off the table.
When should I begin to negotiate the salary?
It is ideal to begin negotiations after you have received an offer, so everyone is aware of what is being negotiated. In this way, negotiations will focus on securing perfect terms while avoiding unexpected surprises.
What if I am content with the package I was offered with no negotiation?
If you receive an offer and are pleased with it, then there’s no reason to discuss it. It’s nevertheless important to communicate clearly what your employer’s expectations in the form of the performance-based bonus or career-training reimbursements.
What is the best way to negotiate my salary? switching careers completely?
The negotiation of salary for changing careers may require more training because your previous work experience might not directly translate or relate to the new duties. Study what similar positions in related fields pay in order to get a solid comprehension of realistic expectations for yourself, in light of the particular circumstances you face.
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