How to Negotiate Salary for Your Next Career Move
Negotiating a salary can be difficult to talk about, because it involves balancing what you believe you’re worth with what the employer thinks they’re able to pay. If it’s done right it can be positive for both sides that results in a higher pay for the employee and greater engagement of the employee in their job. Learn how to negotiate your salary confidently.
The most important takeaways
- Before you negotiate your salary make sure you research market rates as well as industry standards to ensure your salary request is realistic.
- Find out information by socializing with colleagues, using online tools like LinkedIn Salary and Glassdoor, and reaching out to professional networks.
- Plan your talk points ahead of time, including education and accreditation in the form of years of relevant work knowledge, accomplishments and achievements and unique skills qualifications, industry knowledge and training opportunities.
- During the negotiation, you must be confident and clear, but be flexible and open-minded. Show tangible results that you’ve had in your previous roles.
- Maintain a positive mood throughout the conversation and be active in your listening.
Do your research
Before you begin any pay negotiation, it’s crucial to conduct a thorough study of market rates and industry standards to make sure your salary offer is realistic. Factors that might impact the amount you are offered could be the level of experience, degree, size of the company, and location (?). One way to gather information is to make connections with your colleagues or those within your profession.
Research Online
With the help of some online sources, like [LinkedIn SalaryUtilizing some of the online resources, such as [LinkedIn Salary (https: //www. linkedin. www.linkedin.com/salary) and [Glassdoorglassdoor (https http://www. glassdoor. com/Salaries/index. Htm) you can obtain a more substantial approach towards the range of benchmarking salaries that companies offer for the exact role which will gives you an idea about current market rates and other factors related to an employment.
Your Network Is Essential
Get insight from talking to acquaintances who have had similar roles or reaching out via professionally-oriented networks and brainstorming with members of professional organizations.
Create Talking points
The time spent in preparing for a negotiation is always well spent. You’ll be much more confident when the presentation of your case if have a clear list of points to discuss ahead of time.
Here are some instances of things you might want to think about to include in your salary negotiation:
- Education & certification
- Years of relevant experience
- Results and achievements
- Particular skill set and traits (e.g. language proficiency,)
- Know-how in the field
- Training potential
Notes and notebooks can also help during conversations so that you don’t miss any important details.
Be confident & concise
During a salary negotiation it’s crucial to appear confident and articulate. Make sure you are clear about your past experiences of accomplishments and your expectations. It’s essential to maintain a positive attitude throughout this conversation to ensure that your employer isn’t appearing to be aggressive.
Show tangible results
Simply stating one is committed, hardworking, and goal-oriented might not be enough to create an appealing appeal. Make sure to provide precise statistics regarding the ways in which previous jobs made an impact in the workplace or how important are certain qualities that can benefit an organization.
Stay flexible
If the employer cannot agree to your salary request or compensation plan in full being flexible and open will allow for dialogue. You can inquire about alternative rewards, like performance-based bonus structures, instead of the Base salary(? ).
Make sure to remain professional throughout the negotiation process - no matter how well or not: Being too aggressive or making unreasonable demands can have a negative impact for all parties who is involved.
Practice active listening
Listening is just as important as speaking during these kinds of conversations. Pay attention to your counterpart during negotiations. Listen to requests carefully and clarifying doubts if at all while maintaining the initial request. Ultimately both parties should come out with acceptable results.
Take what you have learned from these discussions and incorporate it into any future talks you’re likely to participate in. Following the tips above goes in the right direction to increase your chances of reaching an agreement that is mutually beneficial.
| Your Network is Important | Have a chat with friends who have had similar experiences or reaching out through networking networks for professionals as well doing brainstorming members of professional associations. |
| Make Talk points | Education & certification, Years of relevant experience and achievements, Unique skill set and qualities (e.g., bilingualism) and industry knowledge. the potential for training |
| Be confident & concise | Make sure you are clear about your experience, achievements and job expectations. Use tangible results to highlight your achievements. |
| Stay flexible | Consider alternative incentives such as the performance-based bonuses instead of Base salary (?). Be sure remain professional during the negotiation. |
| Practice active listening | Listening is equally as important as communicating in these kinds of conversations. Take what you have learned away from these conversations and apply it to future negotiations that you’re likely to take part in. |
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Frequently Asked Questions
What is salary negotiation?
Negotiating salary is negotiating and deciding on the compensation package for a job. Through this process, you can discuss not just the salary you earn, but also other benefits, such as health insurance, retirement plans as well as other benefits.
Why is it important to negotiate salary?
Negotiating your salary could give you a better financial outlook as well as show that you’re confident about your worth. This can help you avoid leaving money on the table.
What is the best time to negotiate a salary?
It is recommended to begin negotiations following the acceptance of an offer to ensure that all parties are informed of what’s being negotiated. In this way, negotiations will focus on securing ideal terms while avoiding surprises.
What happens if I am completely satisfied with the offer with no negotiation?
If you get an offer and are happy with the offer, then there’s no need to negotiate. However, it’s essential to provide clear information about what the employer will offer in terms of things like rewards based on performance or reimbursements for career training.
Do I have the option of negotiating my salary when changing careers?
Negotiating your salary after changing careers may require more training because your previous work experience may not directly translate or overlap with new responsibilities. Learn about the salaries similar to those in related industries pay, to develop a thorough idea of what realistic expectations are for yourself, in light of your particular situation.
Are you ready for your next job shift? Explore our Auckland Resume ‘s services today!
