How to Negotiate Salary for Your Next Career Move
A salary negotiation can be a difficult conversation, as it requires you to balance what you think you’re worth versus what your employer believes they’ll be able to afford. If done properly it can be a positive experience for both the employer and employee, which results in a higher salary for the employee, as well as greater employees’ engagement in their jobs. Here’s 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 make sure that your salary proposal is realistic.
- Collect information through connecting with colleagues through online tools like LinkedIn Salary and Glassdoor, and reaching out to professional networks.
- Prepare talking points ahead of time, including education and accreditation in the form of years of relevant work experience, results & achievements with a unique set of skills and qualifications, industry knowledge and training potential.
- During the negotiation, you must be assured and confident but remain flexible and open-minded. Bring out tangible results you’ve had in your previous roles.
- Keep a positive attitude throughout the conversation, and practice active listening.
Do your research
Before you enter any negotiations regarding salary, it’s essential to conduct a thorough investigation of current market rates and industry standards to ensure that your salary suggestion is realistic. The factors that could affect the amount you are offered could be your experience degree, size of the company and geographical location. (?). One great way to gather information is to make connections with colleagues and others who are in the same job field.
Research Online
With the help of online resources such as [LinkedIn Salarywith the help of certain online resources such as [LinkedIn Salary] (https http://www. linkedin. http://www.linkedin.com/salary) and [Glassdoorglassdoor (https: //www. glassdoor. com/Salaries/index. http://www.salaries.com/index.html) you can obtain a more comprehensive information about the range of benchmarking salaries that companies offer for the exact role which will gives you an idea of current market rate plus few other aspects related to an employment.
Your Network is Important
Learn more by talking to colleagues who have been in similar positions or reaching out through professional networks as well doing brainstorming members of professional associations.
Make Talking points
Time spent preparing for any meeting is time well spent. You’ll feel more confident when the presentation of your case if are prepared with a specific outline of your talking points before the deadline.
Here are some suggestions of what you might want to think about during your salary negotiation:
- Certification and education
- Years of relevant experience
- The results and accomplishments
- A unique set of skills and characteristics (e.g. bilingualism)
- Know-how in the field
- Potential for training
Also keeping notes/notebook handy can also help during conversations so that one doesn’t miss any important details.
Be confident & concise
In a salary negotiation, it’s important to be confident and clear. Make sure you are clear about your past experiences, achievements and job expectations. It’s important to maintain your tone of voice positive throughout the discussion so that the employer isn’t being unfriendly.
Highlight the tangible results
Simply saying that you are committed, hardworking, and aspire-driven person may not be enough for an impressive appeal. So put forward clear statistics on how previous roles made distinction in businesses or how important are certain qualities which benefit organisation
Keep your mind open
If your employer isn’t able to your salary or compensation package outright being flexible and open will allow for discussion. You could ask about alternative rewards, like performance-based bonus structures, instead of the Base salary(? ).
You must remain professional during the negotiation process - regardless of how successfully or not: getting too defensive or imposing unreasonable demands could lead to a negative outcome for everybody that is.
Practice active listening
Listening is just as important as communicating during these types of conversations. Be attentive to the any other participant during negotiations, observing specific requests and resolving doubts as much as you can while keeping to the their original request. Both parties should ultimately arrive at acceptable outcomes.
Learn away from these conversations and apply it to future discussions you’ll probably be involved in. By following the suggestions above, you will go an enormous way to increasing the chances of achieving positive outcomes that are mutually beneficial.
| Your Network is Important | Contact friends and acquaintances who’ve held similar roles or reach out via professionally-oriented networks and brainstorming with members of professional associations. |
| Make talking points | Qualifications and training, Years of relevant experience, Results and accomplishments, Unique abilities and skills (e.g. multilingualism), Industry knowledge, Potential for training |
| Be confident & concise | Make sure you are clear about your experience accomplishments, job goals and achievements. Highlight Tangible Results. |
| Keep your mind open | You can inquire about alternative incentives such as bonuses based on performance instead of Base salary. (?). You must remain professional throughout the negotiation process. |
| Practice active listening | Listening is just as important as speaking during these kinds of conversations. Learn away from these conversations and incorporate them into future discussions you’ll likely be involved in. |
Are you ready for your next job shift? Take a look at our Auckland Resume ‘s services today!
Frequently Answered Questions
What is salary negotiation?
Negotiating salary is negotiating and finalizing the compensation package for a position. Through this process you will be able to discuss not only the base salary, but also other benefits like retirement plans, health insurance and much more.
Why is it important to discuss salary?
Negotiating your salary could give you a better financial future as well as show that you’re confident about your worth. It also helps you not leave money on the table.
When should I start negotiating the salary?
It is ideal to begin negotiations after receiving an offer so everyone is informed of what’s being negotiated. In this way, negotiations will focus on securing the best terms, while avoiding any surprise.
What happens if I am satisfied with the offered package with no negotiation?
If you get an offer and are happy with the offer, then there’s probably no need to bargain. It’s nevertheless important to have transparent communication about what the employers are willing to offer in terms of things like compensation for training or performance-based bonuses.
What is the best way to negotiate my salary? changing careers?
Salary negotiation when changing career paths could require additional planning because your prior experiences might not translate or be a part of the new job. Learn about the salaries similar to those in similar industries pay, to develop a thorough comprehension of realistic expectations for yourself, given the specific circumstances.
Ready for your next career change? Go through our Auckland Resume ‘s services today!
