How to Negotiate Salary for Your Next Career Move
Negotiating a salary can be difficult to talk about, because it involves balancing what you consider your worth and what an employer thinks they can afford. If it’s done right it could 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 bargain your salary in confidence.
Important Takeaways
- Before you negotiate your salary take a look at market rates and industry standards to make sure that the salary you request is reasonable.
- Find out information by connecting with colleagues through online resources such as LinkedIn Salary and Glassdoor, and also reaching out to professional networks.
- Plan your talk points ahead of time, including education & accreditation and years of relevant experience, results & achievements and unique skills qualifications, industry knowledge and the potential for further training.
- In the course of negotiations, you should be assertive and confident, yet flexible and open-minded. Show tangible results that you achieved in your previous roles.
- Maintain a positive mood throughout the conversation and make sure you are listening actively.
Do your research
Before you enter any pay negotiation, it’s crucial to conduct a thorough investigation of standard industry rates and market rates to make sure that your salary proposal is reasonable. Things that may affect this may include levels of experience level, company size, and location (?). A great method of gathering information is to make connections with your colleagues or those in your chosen field of work.
Research Online
With the help of some online sources, like [LinkedIn SalaryWith the help of some online resources like [LinkedIn Salary (https http://www. linkedin. www.linkedin.com/salary) and [GlassdoorGlassdoor (https: //www. glassdoor. com/Salaries/index. http://www.salaries.com/index.html) You can find a more substantial approach towards the salary range that benchmarking businesses pay for the same job. It will provide you with an idea of the market rate and a few other aspects related to a job.
Your Network is Essential
Learn more by talking to people who have had similar roles, or reaching out via professionals networks as well doing brainstorming members of professional associations.
Create Talking points
Time spent preparing for any negotiation is always time well spent. You’ll be much more confident when giving your argument if you have a clear outline of your talking points prior to the time.
Here are a few suggestions of things that you may want to consider during your salary negotiation:
- Education & certification
- Years of relevant experience
- Performances and results
- Unique skill set and qualities (e.g. the ability to speak two languages)
- Knowledge of the industry
- Training potential
A notepad or notebook can assist during conversations to ensure that one doesn’t forget any crucial points.
Be confident & concise
When you negotiate your salary it’s crucial to appear confident and articulate. Speak clearly about your experiences of accomplishments and your expectations. It’s essential to maintain a positive attitude throughout this dialogue so that the employer doesn’t feel like you’re seeming unfriendly.
The Key to Tangible Results
Simply saying that you are ambitious, hardworking, and aspire-driven person may not be enough to create an appealing appeal. It is important to present clear and precise data about how your previous positions made a significant difference to companies or how valuable are specific capabilities that benefit the organization.
Be flexible
If the employer isn’t able to your salary request or compensation package outright being flexible and open can help create space for dialog. You may be able to ask for alternative incentive options such as performance-based bonuses or structures instead of Base salary(? ).
Keep your cool throughout the negotiation - regardless of how well or not: Being too aggressive or imposing unreasonable demands could have a negative impact for all parties who is involved.
Practice active listening
Listening is equally 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 if at all while maintaining the what you originally requested. In the end, both parties must achieve satisfactory results.
Learn from these discussions and incorporate them into future negotiations you’ll likely take part in. By following the suggestions above, you will go an enormous way to increasing your chances of reaching positive outcomes that are mutually beneficial.
| Your Network is Important | Contact friends and acquaintances who’ve held similar roles or reaching out through the professional network and brainstorming with members of professional associations. |
| Make talking points | Education & certification, Years of relevant experience and achievements, unique skills and characteristics (e.g. multilingualism) 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 | Ask about alternative incentives like incentive structures based on performance rather than Base salary. (?). Keep your professional conduct during the negotiation process. |
| Practice active listening | Listening is equally as important as communicating during these types of conversations. Take what you have 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? Explore for our Gladstone Resume ‘s services today!
Frequently asked questions
What is the concept of salary negotiation?
Negotiating salary is discussing and deciding on the compensation package for a position. When you negotiate this it is possible to discuss not just the salary you earn, but also additional benefits such as health insurance, retirement plans as well as other benefits.
Why is it so important to negotiate a salary?
Negotiating your salary will give you a better financial outlook as well as indicate that you’re aware of what you’re worth. This can help you avoid leaving money on the table.
When should I start negotiating the salary?
It’s best to begin negotiating after you have received an offer, so everyone is aware of what is being discussed. In this way, negotiations will focus on securing ideal terms while avoiding surprises.
What if I am happy with the offer without negotiating?
If you are offered a job and are content with the offer, then there’s probably no need to negotiate. But it’s important to communicate clearly what the employer will offer in terms of things like compensation for training or performance-based bonuses.
Can I negotiate salary when I change careers entirely?
The negotiation of salary for changing career paths can require extra preparation because your past experiences may not be directly applicable or relate to the new duties. Learn about the salaries similar to those in related industries pay in order to get a solid knowledge of the realistic expectations you can set for yourself, given the particular circumstances you face.
Are you ready for your next career move? Take a look at the services of our Gladstone Resume ‘s services today!
