How to Negotiate Salary for Your Next Career Move
Negotiating a salary can be an arduous process because it involves balancing what you believe you’re worth with what the employer thinks they’re able to afford. However, if done correctly it can be a positive experience for both sides that results in a greater salary for the employee, as well as greater engagement of the employee in their job. Here’s how you can negotiate your salary confidently.
The most important takeaways
- Before you negotiate your salary make sure you research market rates as well as industry standards to ensure that your salary proposal is realistic.
- Get information from connecting with colleagues through online resources like LinkedIn Salary and Glassdoor, and reaching out to professional networks.
- Make a list of talking points ahead the time, including education and certification in the form of years of relevant work knowledge, accomplishments and achievements, unique skill set & abilities, industry expertise, and training opportunities.
- During negotiations, be confident and articulate but also flexible and open-minded. Bring out tangible results you have achieved in previous roles.
- Keep a positive and upbeat 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 standard industry rates and market rates to make sure that your salary proposal is realistic. Some factors that can affect this include experience degree, size of the company and geographical location. (?). One great way to gather information is to network with colleagues or others within your field of work.
Research Online
With the help of some internet-based resources like [LinkedIn Salary] (https http://www. linkedin. com/salary) and [Glassdoor] (https http://www. glassdoor. com/Salaries/index. Htm) you can obtain a more substantial approach towards the range of benchmarking salaries businesses pay for the same job. This will give you an idea of the market rate and a few other elements that are related to an employment.
Your Network Is Essential
Find out more about your situation by talking with colleagues who have been in similar roles, or reaching out through professionally-oriented networks as well doing brainstorming professionals in professional organizations.
Make Talking points
The time spent in preparing for a negotiation is always well spent. You’ll be much more confident in presenting your case if you have a outline of your talking points in advance.
Here are a few suggestions of things you might want to think about including in your salary negotiation:
- Certification and education
- Years of relevant experience
- Achievements and results
- Unique skill set and qualities (e.g., bilingualism)
- Industry-specific knowledge
- Training potential
Also keeping notes/notebook handy can assist during conversations to ensure that you don’t miss any important points.
Be confident & concise
During a salary negotiation it is essential to be confident and clear. Speak clearly about your experiences, achievements and job expectations. It’s essential to maintain an optimistic tone throughout the conversation so that the employer doesn’t feel like you’re appearing to be aggressive.
Highlight Tangible Results
Simply stating one is determined, hardworking and focused may not be enough to generate an strong appeal. So put forward clear statistics regarding the ways in which previous jobs made difference in companies or how valuable are specific qualities that can benefit an organization.
Remain flexible
If the employer cannot agree to your salary request or compensation package outright Being flexible and open can allow room for discussion. You may be able to ask for alternative rewards, like performance-based bonus structures, instead of Base salary(? ).
Be sure remain professional throughout the negotiation - regardless of how successfully or badly it’s going fighting too much or making unreasonable demands will likely result in an unfavourable outcome for everybody involved.
Practice active listening
Listening is just as important as communicating during these kinds of conversations. Do listen actively from other party during negotiations hearing the amount requested carefully and clarifying doubts as much as you can while remaining in the spirit of your original request. The goal is to achieve satisfactory results.
Use the lessons you’ve learned from these conversations and incorporate it into the next negotiations you’ll likely take part in. The tips mentioned above will go an enormous way to increasing the chance of achieving positive, mutually beneficial results.
| Your network is important | Have a chat with friends who’ve held similar roles or reach out via networking networks for professionals in addition to brainstorming members within professional organizations. |
| Plan Talk points | Qualifications and training, Years of relevant experience and achievements, unique skill set and qualities (e.g. the ability to speak two languages) Knowledge of the industry, the potential for training |
| Be confident & concise | Talk clearly about your personal experiences accomplishments, job goals and achievements. Highlight Tangible Results. |
| Stay flexible | Consider alternative incentives such as performance-based bonus structures instead of Base salary (?). Be sure remain professional during the negotiation. |
| Practice active listening | Listening is equally important as speaking during these kinds of conversations. You can take the lessons you’ve learned from these conversations and incorporate them into the future conversations you’ll probably be involved in. |
Are you looking forward to your next career shift? Check for our Brisbane Resume Writing Services ‘s services today!
Frequently asked questions
What is the concept of salary negotiation?
It is the act of discussing and deciding on the compensation plan for a particular job. Through this process, you can discuss not only the base salary, but also other benefits like health insurance, retirement plans and much more.
Why why is it important to negotiate salary?
Negotiating your pay can provide you a greater financial future as well as indicate that you’re aware of what you’re worth. It also helps you avoid leaving money on the table.
When should I begin to negotiate my salary?
It is recommended to begin negotiations after receiving an offer so everyone is conscious of what’s being negotiated. So, negotiations are focused on securing the best terms, while avoiding any surprise.
What happens if I am satisfied with the offered package without negotiation?
If you receive an offer and you are satisfied with it, there’s no need to negotiate. However, it’s essential to be clear about what the employer will offer with regards to things like rewards based on performance or reimbursements for career training.
Do I have the option of negotiating my salary when changing careers?
Salary negotiation when changing career paths can require extra training because your previous work experiences might not translate or encapsulate new responsibilities. Research what similar roles in related fields offer to have a clear understanding of realistic expectations for you, based on the specific circumstances.
Ready for your next career shift? Go through the services of our Brisbane Resume Writing Services ‘s services today!
