How to Negotiate Salary for Your Next Career Move
Negotiating your salary is an extremely difficult process, since it is about balancing what you consider your worth and what your employer believes they’re able to pay. If done properly it can be positive for both the employer and employee, which results in a better salary for the employee and a greater employees’ engagement in their jobs. Here’s how to make your salary negotiation a success.
Important Takeaways
- Before you negotiate your salary, research market rates and industry standards to confirm that your salary request is realistic.
- Get information from 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 the time, including education and accreditation, years of relevant experience, results & achievements as well as unique skill sets and capabilities, knowledge of the industry, and potential for training.
- During negotiations, be confident and clear, but be flexible and open-minded. You should highlight tangible results you’ve had in your previous roles.
- Keep a positive and upbeat tone throughout the conversation, and make sure you are listening actively.
Do your research
Before entering into any salary negotiation, you need to conduct a thorough investigation of market rates and industry standards to make sure that your salary proposal is reasonable. Factors that might impact this may include your experience levels, the size of your company and the location of the company. (?). One great way to gather information is to network with colleagues and others who are in the same job field.
Research Online
With the aid of online resources such as [LinkedIn SalaryWith the help of some online resources like [LinkedIn Salary (https: //www. linkedin. com/salary) and [GlassdoorGlassdoor (https: //www. glassdoor. com/Salaries/index. Htm) You can find a an extensive view of the benchmarking range of salary businesses are providing for same job. It will provide you with an idea of the market prices and also other aspects related to a job.
Your Network Is Essential
Gain insight by speaking to acquaintances who have had similar positions or reaching out through professional networks as well doing brainstorming members within professional organizations.
Create Talk points
Time spent preparing for any meeting is time well spent. You’ll be much more confident when presenting your case if you have a clear outline of your talking points in advance.
Here are some suggestions of items you may want to consider to include in your salary negotiation:
- Certification and education
- Years of relevant experience
- Performances and results
- Unique set of skills and attributes (e.g. language proficiency,)
- Industry-specific knowledge
- Training potential
Also keeping notes/notebook handy can also help during conversations so that one doesn’t miss any important information.
Be confident & concise
In a salary negotiation, it’s important to be confident and clear. Make sure you are clear about your past experiences accomplishments, your job goals and achievements. It’s crucial to maintain an optimistic tone throughout the conversation so that the employer doesn’t feel like you’re seeming aggressive.
Highlight the tangible results
Simply stating one is driven, hardworking, and aspire-driven person may not be enough to create an strong appeal. Make sure to provide precise statistics on how previous roles made an impact in the workplace or how important are certain skills which benefit organisation
Stay flexible
If your employer cannot agree to your requested salary or compensation arrangement being flexible and open will allow for discussions. You may be able to ask for alternative rewards, like performance-based bonus structures instead of the Base salary(? ).
You must remain professional throughout the negotiation - regardless of how smoothly or poorly it’s going being too combative or imposing unreasonable demands will likely have a negative impact for everyone involved.
Practice active listening
Listening is just as important as communicating during these types of conversations. Pay attention to your counterpart during negotiations. Listen to the amount requested carefully and clarifying doubts as much as you can while gently sticking with original request. In the end, both parties must achieve satisfactory results.
Consider the lessons you’ve learned away from these conversations and incorporate it into the next talks you’re likely to participate in. Following the tips above goes far in maximizing the chances of achieving mutually beneficial outcomes.
| Your network is important | Speak to friends who’ve held similar roles or reach out via networking networks for professionals and brainstorming with members within professional organizations. |
| Make talking points | Education & certification, Years of relevant work experience, results and accomplishments, unique skills and characteristics (e.g. the ability to speak two languages) Knowledge of the industry, ability to train |
| Be confident & concise | Speak clearly about your experiences your accomplishments and expectations for the job. Use tangible results to highlight your achievements. |
| Stay flexible | You can inquire about alternative incentives such as bonuses based on performance instead of Base salary (?). Make sure to 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 away from these conversations and incorporate it into any future discussions you’ll likely be involved in. |
Are you ready for your next career shift? Take a look at the services of our Melbourne Resume Writing Services ‘s services today!
Frequently Answered Questions
What is the concept of salary negotiation?
It is the act of negotiating and deciding on the compensation package for a job. In this negotiation you are able to discuss more than only your base salary but also other benefits like retirement plans, health insurance and much more.
Why is it so important to discuss salary?
Negotiating your salary will give you a greater financial future as well as indicate that you know your worth. It will also allow you to avoid putting money on the table.
How soon should I negotiate the salary?
It is recommended to begin negotiations after you have received an offer, so everyone is conscious of what’s being negotiated. So, negotiations will be focused on securing ideal terms while avoiding surprise.
What if I am happy with the offered package without negotiation?
If you receive an offer and are pleased with the offer, then there’s no need to discuss it. However, it’s still essential to communicate clearly what employers will provide with regards to things like compensation for training or performance-based bonuses.
Do I have the option of negotiating my salary when switching careers completely?
Negotiating your salary after changing career paths can require extra training because your previous work experience may not directly translate or be a part of the new job. Learn about the salaries similar to those in related industries offer to have a clear knowledge of the realistic expectations you can set for you, considering your specific circumstances.
Ready for your next career shift? Go through out Melbourne Resume Writing Services ‘s services today!
