How to Negotiate Salary for Your Next Career Move
A salary negotiation can be difficult to talk about, because it requires you to balance what you believe you’re worth with what an employer thinks they’re able to pay. If it’s done right it could be positive for both parties, resulting in a higher pay for the employee and a greater employees’ engagement in their jobs. Here’s how to negotiate your salary with confidence.
The most important takeaways
- Before you negotiate your salary study market rates and industry standards to confirm that your salary request is realistic.
- Gather information through connecting with colleagues through online resources such as LinkedIn Salary and Glassdoor, as well as reaching out to professional networks.
- Make a list of talking points ahead the time, including education and certifications and years of relevant experience, results & achievements with a unique set of skills and abilities, industry expertise, and potential for training.
- During the negotiation, you must be confident and articulate but also flexible and open-minded. Show tangible results that you’ve had in your previous roles.
- Maintain a positive mood throughout the conversation, and engage in active listening.
Do your research
Prior to entering any salary negotiation, you need to conduct thorough research on the market and standards in the industry to make sure your salary offer is realistic. Factors that might impact this could include levels of experience degree, size of the company and geographical location. (?). One great way to gather information is to network with colleagues or others in your chosen area of work.
Research Online
With the aid of online resources such as [LinkedIn Salary] (https http://www. linkedin. https://www.linkedin.com/salary) and [Glassdoorglassdoor (https http://www. glassdoor. com/Salaries/index. Htm) you can obtain a more substantial approach towards the salary range that benchmarking companies pay for the same job. This gives you an idea of the current market rates and other factors related to the job.
Your Network Is Important
Learn more by talking to people who have had similar positions, or contacting them through professionals networks and brainstorming with members within professional organizations.
Create talking points
Time spent preparing for any negotiation is always well spent. You’ll be much more confident in presenting your case if you have a clear set of talk points that you have outlined before the deadline.
Here are a few suggestions of what you could consider during your salary negotiation:
- Education and certification
- Years of relevant experience
- Performances and results
- Unique set of skills and attributes (e.g., bilingualism)
- Industry knowledge
- Training potential
The idea of keeping a notepad and/or notes handy could aid in conversations, so that you don’t miss any crucial points.
Be confident & concise
In a negotiation for a salary it is essential to be confident and articulate. Talk clearly about your work experience of accomplishments and your expectations. It’s important to maintain an optimistic tone throughout the dialogue so that the employer feels like you’re not coming across as hostile.
Highlight Tangible Results
Simply stating that one is committed, hardworking, and aspire-driven person may not be enough to create an appealing appeal. Therefore, provide clear data regarding the ways in which previous jobs made difference in companies or how important are certain abilities that benefit the organization.
Stay flexible
If your employer cannot agree to your salary request or compensation package outright being flexible and open can allow room for dialog. You could ask about alternative incentive options such as performance-based bonuses or structures, instead of Base salary(? ).
You must remain professional during the negotiation process - regardless of how smoothly or badly it’s going fighting too much or making unreasonable demands could lead to a negative outcome for everyone involved.
Practice active listening
Listening is just as important as speaking during these kinds of conversations. Listen attentively from the any other participant during negotiations, observing requested amount carefully & clarifying questions if needed, but keeping to the what you originally requested. In the end, both parties must be able to reach a satisfactory conclusion.
Use the lessons you’ve learned from these discussions and apply it to future negotiations that you’re likely to be involved in. Following the tips above goes far in maximizing the chances of achieving an agreement that is mutually beneficial.
| Your network is important | Talk to your friends who’ve held similar roles or reach out via professionally-oriented networks as well doing brainstorming members within professional organizations. |
| Plan talking points | Certification and education, Years of relevant experience, Results and achievements, unique abilities and skills (e.g. the ability to speak two languages), Industry knowledge, Potential for training |
| Be confident & concise | Speak clearly about your experiences your accomplishments and expectations for the job. Focus on tangible results. |
| Remain flexible | You can inquire about alternative incentives such as bonuses based on performance instead of Base salary (?). Make sure to remain professional throughout the negotiation process. |
| Practice active listening | Listening is just as important as communicating during these types of conversations. You can take the lessons you’ve learned from these conversations and incorporate it into any future negotiations you’ll likely take part in. |
Ready for your next career change? Check the services of our Hamilton 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 position. When you negotiate this you are able to discuss more than just the salary you earn, but also other benefits like retirement plans, health insurance and many more.
Why is it important to bargain on salary?
Negotiating your salary could give you a better financial outlook as well as indicate that you know your worth. It will also allow you to keep money off the table.
When should I begin to negotiate my salary?
It is recommended to begin negotiations immediately after receiving an offer so everyone is conscious of what’s being negotiated. So, discussions are focused on negotiating the best terms, while avoiding any unpleasant surprises.
What happens if I am satisfied with the offered package with no negotiation?
If you are offered a job and are pleased with the offer, then there’s no reason to discuss it. However, it’s still essential to have transparent communication about 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? switching careers completely?
The negotiation of salary for changing careers may require more preparation because your past experiences might not translate or be a part of the new job. Find out what similar jobs in similar fields pay, to develop a thorough comprehension of realistic expectations for yourself, in light of your particular situation.
Are you looking forward to your next career shift? Check for our Hamilton Resume ‘s services today!
