How to Negotiate Salary for Your Next Career Move
Negotiating a salary can be a difficult conversation, as it involves balancing what believe you’re worth with what the employer thinks they’ll be able to afford. But, if it’s done correctly, it can be a positive experience for both parties, resulting in a greater salary for the employee and greater employee engagement in their work. Here’s how to negotiate your salary with confidence.
Important Takeaways
- Before you make a salary offer take a look at market rates and industry standards to confirm that your salary proposal is realistic.
- Get information from networking with colleagues, using online resources such as LinkedIn Salary and Glassdoor, as well as reaching out to professional networks.
- Plan your talk points ahead of time, including education and accreditation in the form of years of relevant work experience, the results and achievements as well as unique skill sets and qualifications, industry knowledge and the potential for further training.
- During negotiations, be confident and clear, but be flexible and open. Show tangible results that you have achieved in previous positions.
- Maintain a positive mood throughout the conversation and engage in active listening.
Do your research
Before entering into any salary negotiation, you need to conduct a thorough study of the market and standards in the industry to make sure that your salary proposal is realistic. The factors that could affect this may include the level of experience, levels, the size of your company, and location (?). Another great method to gather information is through networking with your colleagues or those who are in the same field of work.
Research Online
With the help of some internet-based resources like [LinkedIn Salary] (https http://www. linkedin. http://www.linkedin.com/salary) and [Glassdoor] (https http://www. glassdoor. com/Salaries/index. htm) You can find a more substantial approach towards the benchmarking range of salary companies pay for the same job. This will give you an idea of current market rate plus few other aspects related to the position.
Your Network is Essential
Find out more about your situation by talking with friends who have held similar roles, or reaching out through professional networks as well as brainstorming members of professional associations.
Create talking points
Preparing for any negotiation is always time well spent. You’ll feel much more confident when the presentation of your case if have a clearly defined outline of your talking points ahead of time.
Here are a few ideas of items you may want to consider including in your salary negotiation:
- Training and certification
- Experience gained through years of relevant work
- The results and accomplishments
- Unique set of skills and attributes (e.g. language proficiency,)
- Industry knowledge
- Potential for training
Notes and notebooks can assist during conversations to ensure that one doesn’t forget any important details.
Be confident & concise
During a salary negotiation It is important to be confident and articulate. Make sure you are clear about your past experiences of accomplishments and your expectations. It’s important to maintain a positive attitude throughout this conversation to ensure that your employer feels like you’re not seeming insecure.
Show tangible results
Simply stating that someone is ambitious, hardworking, and aspire-driven person may not be enough to generate an appealing appeal. It is important to present clear and precise data regarding the ways in which previous jobs made significant difference to companies or what are the most valuable skills that help an organisation.
Remain flexible
If the employer isn’t able to your requested salary or compensation package outright Being flexible and open can help create space for discussion. You could ask about alternative incentive options such as performance-based bonuses or structures instead of the Base salary(? ).
Make sure to remain professional during the negotiation process - regardless of how successfully or badly it’s going getting too defensive or making unreasonable demands is likely to cause a negative result for everybody that is.
Practice active listening
Listening is as crucial as communicating in these types of conversations. Do listen actively from any other participant during negotiations, observing the amount requested carefully and clarifying questions if needed, but remaining in the spirit of your original request. Ultimately both parties should be able to reach a satisfactory conclusion.
Learn away from these conversations and incorporate it into any future negotiations you’ll likely take part in. Following the tips above goes in the right direction to increase your chances of reaching positive, mutually beneficial results.
| Your Network is Important | Contact friends and acquaintances who have been in similar positions or reaching out through networking networks for professionals as well as brainstorming members of professional associations. |
| Make Talk points | Qualifications and training, Years of relevant experience, Performance and achievements, Unique skills and characteristics (e.g. the ability to speak two languages), Industry knowledge, ability to train |
| Be confident & concise | Speak clearly about your experiences accomplishments, job goals and achievements. Focus on tangible results. |
| Remain flexible | You can inquire about alternative incentives such as performance-based bonus structures instead of Base salary (?). You must remain professional during the negotiation process. |
| Practice active listening | Listening is just as important in these types of conversations. Learn from these conversations and incorporate them into future discussions you’ll likely be involved in. |
Are you looking forward to your next career move? Go through for our Hastings Resume ‘s services today!
Frequently Answered Questions
What is the concept of salary negotiation?
It is the act of discussing and finalizing the compensation package to be paid for your job. During this process it is possible to discuss not only your base salary but also other benefits, such as retirement plans, health insurance and much more.
Why is it necessary to bargain on salary?
Negotiating your salary could give you a better financial outlook as well as indicate that you’re aware of what you’re worth. It will also allow you to keep money off the table.
When should I start negotiating my salary?
It’s best to begin negotiating after receiving an offer so everyone is aware of the terms being negotiated. This way, the negotiations will be focused on securing optimal terms and avoid unintentional surprises.
What if I am happy with the deal I received with no negotiation?
If you get an offer and are happy with it, then there’s no need to bargain. But it’s important to be clear about what the employer will offer 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?
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. Find out what similar jobs in similar industries pay in order to get a solid understanding of realistic expectations for you, based on your particular situation.
Are you ready for your next career shift? Check the services of our Hastings Resume ‘s services today!
