How to Negotiate Salary for Your Next Career Move
Negotiating your salary is an arduous process because it involves balancing what believe you’re worth with what your employer believes they can afford. However, if done correctly it can result in an enjoyable experience for both parties that results in a better salary for the employee and greater employee engagement in their work. Learn how to bargain your salary in confidence.
Important Takeaways
- Before you make a salary offer, research market rates and industry standards to ensure your salary request is realistic.
- Get information from the networking of colleagues, using online resources like LinkedIn Salary and Glassdoor, and contacting professional networks.
- Prepare talking points ahead of the time, including education and certification in the form of years of relevant work experiences, achievements and results as well as unique skill sets and capabilities, knowledge of the industry, and training potential.
- In the course of negotiations, you should be assertive and confident, yet flexible and open. Show tangible results that you achieved in your previous roles.
- Maintain a positive tone throughout the conversation and practice active listening.
Do your research
Prior to entering any salary negotiation, it’s important to conduct thorough research on market rates and industry standards to make sure your salary offer is reasonable. The factors that could affect the amount you are offered could be levels of experience levels, the size of your company and the location of the company. (?). Another great method to gather data is to connect with colleagues and others who are in the same profession.
Research Online
Utilizing online resources such as [LinkedIn SalaryUtilizing some of the online resources, such as [LinkedIn Salary (https http://www. linkedin. com/salary) and [Glassdoor] (https: //www. glassdoor. com/Salaries/index. http://www.salaries.com/index.html) You can find a more comprehensive information about the benchmarking range of salary that companies offer for the exact job. This gives you an idea about current market rate and a few other elements that are related to the position.
Your Network is Important
Gain insight by speaking to colleagues who have been in similar positions or reaching out through professionally-oriented networks in addition to brainstorming members within professional organizations.
Make Talk points
The time spent in preparing for a negotiation is always time well spent. You’ll feel more confident when giving your argument if you are prepared with a specific list of points to discuss in advance.
Here are some instances of items you might want to think about during your salary negotiation:
- Training and certification
- Years of relevant experience
- The results and accomplishments
- A unique set of skills and characteristics (e.g., bilingualism)
- Knowledge of the industry
- Potential for training
The idea of keeping a notepad and/or notes handy could also help during conversations so that one doesn’t forget any important points.
Be confident & concise
During a salary negotiation, it’s important to be confident and articulate. Speak clearly about your experiences, achievements and job expectations. It is important to keep your tone of voice positive throughout the conversation so that the employer isn’t coming across as insecure.
Show tangible results
Simply stating that one is driven, hardworking, and aspire-driven person may not be enough for an impressive appeal. Therefore, provide clear data on how previous roles made distinction in businesses or how important are certain qualities that help an organisation.
Be flexible
If the employer isn’t able to agree to your salary request or compensation plan in full, remaining flexible and open-minded will help open the door to dialogue. You may be able to ask for alternative rewards, like performance-based bonus models instead of Base salary(? ).
You must remain professional throughout the negotiation process regardless of how smoothly or not: being too combative or imposing unreasonable demands will likely cause a negative result for all parties who is involved.
Practice active listening
Listening is equally as important as communicating in these types of conversations. Do listen actively from another party while you negotiate, listening to the requested amount carefully & clarifying doubts, if necessary, while remaining in the spirit of your their original request. In the end, both parties must be able to reach a satisfactory conclusion.
Learn from these conversations and incorporate it into any future negotiations you’ll likely take part in. The tips mentioned above will go an enormous way to increasing the chances of achieving an agreement that is mutually beneficial.
| Your network is important | Have a chat with friends who have been in similar positions or reaching out through the professional network as well as brainstorming members within professional organizations. |
| Make Talk points | Qualifications and training, Years of relevant experience, Performance and accomplishments, unique skills and characteristics (e.g., bilingualism) and industry knowledge. Potential for training |
| Be confident & concise | Talk clearly about your personal experiences as well as your achievements and expectations. Use tangible results to highlight your achievements. |
| Keep your mind open | Consider alternative incentives such as incentive structures based on performance rather than Base salary (?). You must remain professional during the negotiation. |
| Practice active listening | Listening is equally important in these types of conversations. You can take the lessons you’ve learned away from these conversations and incorporate them into the future discussions you’ll likely be involved in. |
Are you ready for your next career move? Explore the services of our Adelaide Professional Resume Writers ‘s services today!
Frequently Asked Questions
What is salary negotiation?
Salary negotiation is the process of negotiating and deciding on the compensation package for a job. Through this process, you can discuss not just your salary base, but also other benefits, such as health insurance, retirement plans, and more.
Why is it necessary 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 not leave money on the table.
When should I begin to negotiate for a raise?
It’s best to begin negotiating following the acceptance of an offer to ensure everyone is aware of what is being negotiated. This way, the negotiations will be focused on securing the best terms, while avoiding any surprises.
What happens if I am completely satisfied with the offered package without any negotiation?
If you are offered a job and are happy with the offer, then there’s probably no need to bargain. It’s nevertheless important to communicate clearly what employers will provide with regards to things like rewards based on performance or reimbursements for career training.
What is the best way to negotiate my salary? changing careers?
The negotiation of salary for changing careers may require more preparation because your past experiences may not be directly applicable or encapsulate new responsibilities. Study what similar positions in similar fields pay in order to get a solid idea of what realistic expectations are for you, based on your specific circumstances.
Are you ready for your next job change? Go through for our Adelaide Professional Resume Writers ‘s services today!
