How to Negotiate Salary for Your Next Career Move
Negotiating your salary is an arduous process because it is about balancing what you consider your worth and the amount an employer believes they’re able to pay. But, if it’s done correctly it can be an enjoyable experience for both sides that results in a greater salary for the employee and a greater engagement of the employee in their job. Here’s how to make your salary negotiation a success.
Key Takeaways
- Before you negotiate your salary take a look at market rates and industry standards to ensure that your salary offer is fair.
- Collect information through connecting with colleagues through online tools like LinkedIn Salary and Glassdoor, as well as reaching out to professional networks.
- Prepare talking points ahead of the time, including education and certification, years of relevant experience, the results and achievements and unique skills qualities, industry knowledge, and the potential for further training.
- During negotiations, be assured and confident but remain flexible and open-minded. Bring out tangible results you achieved in your previous positions.
- Maintain a positive tone throughout the conversation and practice active listening.
Do your research
Prior to entering any salary negotiation, you need to conduct a thorough study of current market rates and industry standards to make sure that your salary proposal is reasonable. Factors that might impact the amount you are offered could be levels of experience level, company size and geographical location. (?). One great way to gather information is through networking with colleagues or other professionals in your chosen field of work.
Research Online
With the aid of online resources, such as [LinkedIn Salarywith the help of certain online resources such as [LinkedIn Salary] (https http://www. linkedin. www.linkedin.com/salary) and [GlassdoorGlassdoor (https http://www. glassdoor. com/Salaries/index. htm) You can find a an additional perspective on the benchmarking range of salaries businesses pay for the same role which will gives you an idea about current market rates and other elements that are related to a job.
Your Network is Essential
Find out more about your situation by talking with colleagues who have been in similar positions, or contacting them through the professional networks in addition to brainstorming members of professional associations.
Make Talking points
Preparing for a negotiation is always time well spent. You’ll be much more confident when giving your argument if you have a clear set of talking points outlined ahead of time.
Here are a few ideas of what you might want to think about during your salary negotiation:
- Education & certification
- Experience gained through years of relevant work
- Performances and results
- A unique set of skills and characteristics (e.g. bilingualism)
- Industry-specific knowledge
- Training potential
Also keeping notes/notebook handy can also help during conversations so that one doesn’t forget any important details.
Be confident & concise
In a salary negotiation it is essential to be confident and articulate. Make sure you are clear about your past experiences accomplishments, your job goals and achievements. It is important to keep a positive tone throughout this discussion so that the employer doesn’t feel like you’re coming across as insecure.
Highlight Tangible Results
Simply stating that someone is driven, hardworking, and aspire-driven person may not be enough to create an impressive appeal. It is important to present clear and precise data regarding how prior roles have made a an impact in the workplace or what are the most valuable capabilities that help an organisation.
Be flexible
If your employer cannot agree to your salary or compensation plan in full Being flexible and open can allow room for dialog. You can inquire about alternative incentive options such as performance-based bonuses or structures instead of Base salary(? ).
Keep your cool throughout the negotiation process - regardless of how smoothly or poorly it’s going Being too aggressive or imposing unreasonable demands is likely to cause a negative result for all parties involved.
Practice active listening
Listening is just as important as communicating during these kinds of conversations. Pay attention to other party during negotiations hearing specific requests and resolving doubts if at all while remaining in the spirit of your what you originally requested. Both parties should ultimately be able to reach a satisfactory conclusion.
Take what you have learned from these conversations and incorporate it into the next negotiations you’ll likely take part in. Applying the advice above goes a long way towards maximizing the chances of achieving positive, mutually beneficial results.
| Your network is important | Contact friends and acquaintances who have held similar roles or reaching out through the professional network as well as brainstorming members within professional organizations. |
| Create Talk points | Qualifications and training, Years of relevant work experience, results and accomplishments, unique skills and characteristics (e.g. multilingualism), Industry knowledge, the potential for training |
| Be confident & concise | Be clear about your experience your accomplishments and expectations for the job. Make sure you highlight tangible results. |
| Stay flexible | You can inquire about 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 in these types of conversations. Consider what you’ve learned from these discussions and incorporate them into future negotiations you’ll likely take part in. |
Are you ready for your next job move? Take a look at the services of our Newcastle Resume ‘s services today!
Frequently Asked Questions
What is salary negotiation?
Salary negotiation is the process of discussing and deciding on the compensation package for a job. Through this process, you can discuss not just the salary you earn, but also benefits like health insurance, retirement plans and many more.
Why is it necessary to discuss salary?
Negotiating your pay can provide you a greater financial future as well as indicate that you are aware of your worth. It also helps you not leave money on the table.
What is the best time to negotiate the salary?
It is best to begin negotiations following the acceptance of an offer to ensure that all parties are aware of what is being negotiated. In this way, negotiations will be focused on securing perfect terms while avoiding unexpected surprises.
What if I am content with the offered package with no negotiation?
If you receive an offer and are happy with the offer, then there may be no need to negotiate. But it’s important to be clear about what the employers are willing to offer in terms of things like rewards based on performance or reimbursements for career training.
Can I negotiate salary when changing career paths entirely?
The negotiation of salary for changing careers may require more preparation due to the fact that your previous experience may not directly translate or encapsulate new responsibilities. Learn about the salaries similar to those in similar industries pay to gain a robust understanding of realistic expectations for yourself, in light of the specific circumstances.
Are you looking forward to your next career move? Check the services of our Newcastle Resume ‘s services today!
