How to Negotiate Salary for Your Next Career Move
Negotiating your salary is difficult to talk about, because it involves balancing what think you’re worth versus what the employer thinks they’re able to afford. But, if it’s done correctly, it can be positive for both sides that results in a greater salary for the employee, as well as greater employees’ engagement in their jobs. Here’s how you can negotiate your salary with confidence.
Important Takeaways
- Before you negotiate your salary, research market rates and industry standards to ensure your salary request is realistic.
- Get information from the networking of colleagues, using online tools like LinkedIn Salary and Glassdoor, as well as reaching out to professional networks.
- Make a list of talking points ahead time, including education and certifications in the form of years of relevant work experience, results & achievements as well as unique skill sets and qualifications, industry knowledge and the potential for further training.
- During the negotiation, be confident and clear, but be flexible and open. Show tangible results that you’ve had in your previous positions.
- Keep a positive attitude throughout the conversation, and be active in your listening.
Do your research
Before you enter any salary negotiation, you need to do thorough research on standard industry rates and market rates to make sure that your salary proposal is reasonable. The factors that could affect this may include your experience level, company size and geographical location. (?). Another great method to gather information is to network with colleagues and others who are in the same profession.
Research Online
Utilizing internet-based resources like [LinkedIn Salarywith the help of certain online resources such as [LinkedIn Salary] (https http://www. linkedin. www.linkedin.com/salary) and [Glassdoor] (https http://www. glassdoor. com/Salaries/index. htm) you can obtain a more comprehensive information about the benchmarking range of salaries businesses pay for the same job. It will provide you with an idea of current market rate and a few other aspects related to an employment.
Your Network is Important
Find out more about your situation by talking with people who have had similar positions or reaching out via professionals networks in addition to brainstorming professionals in professional organizations.
Prepare Talking points
Preparing for a negotiation is always time well spent. You’ll be much more confident in making your case if you have a clear list of points to discuss in advance.
Here are some instances of items you may want to consider including in your salary negotiation:
- Training and certification
- Years of relevant experience
- Results and achievements
- Unique set of skills and attributes (e.g., bilingualism)
- Industry-specific knowledge
- Training potential
The idea of keeping a notepad and/or notes handy could assist during conversations to ensure that one doesn’t forget any important information.
Be confident & concise
In a negotiation for a salary it is essential to be confident and articulate. Make sure you are clear about your past experiences, achievements and job expectations. It is important to keep a positive tone throughout this dialogue so that the employer isn’t seeming insecure.
Show tangible results
Simply stating that someone is driven, hardworking, and goal-oriented might not be enough to make an impactful appeal. It is important to present clear and precise data regarding how prior roles have made a significant difference to companies or how important are certain abilities that help an organisation.
Be flexible
If the employer isn’t able to your requested salary or compensation plan in full Being flexible and open can allow room for discussion. It is possible to inquire about alternative incentive options such as performance-based bonuses or arrangements instead of Base salary(? ).
Be sure remain professional throughout the negotiation - regardless of how successfully or not: being too combative or imposing unreasonable demands is likely to have a negative impact for everybody that is.
Practice active listening
Listening is as crucial as communicating during these types of conversations. Listen attentively from the other party during negotiations hearing the amount requested carefully and clarifying doubts if at all while keeping to the their original request. In the end, both parties must achieve satisfactory results.
Take what you have learned from these discussions and apply it to future negotiations you’ll likely take part in. The tips mentioned above will go an enormous way to increasing your chances of achieving positive outcomes that are mutually beneficial.
| Your Network is Important | Speak to friends who’ve held similar roles or reach out to professionally-oriented networks as well doing brainstorming members of professional associations. |
| Plan talking points | Certification and education, Years of relevant work experience, results and achievements, Unique skills and characteristics (e.g. multilingualism) Know-how in the field, Potential for training |
| Be confident & concise | Make sure you are clear about your experience as well as your achievements and expectations. Focus on tangible results. |
| Remain flexible | Consider alternative incentives such as bonuses based on performance instead of Base salary (?). Keep your professional conduct during the negotiation. |
| Practice active listening | Listening is equally important as communicating during these types of conversations. You can take the lessons you’ve learned from these conversations and incorporate them into future negotiations that you’re likely to take part in. |
Are you looking forward to your next career change? Explore out Tauranga Resume ‘s services today!
Frequently Answered Questions
What is salary negotiation?
Negotiating salary is negotiating and finalizing the compensation package for a position. In this negotiation you are able to discuss more than just your salary base, but also other benefits, such as health insurance, retirement plans as well as other benefits.
Why why is it important to bargain on salary?
Negotiating your salary could give you a better financial outlook as well as show that you are aware of your worth. It also helps you keep money off the table.
How soon should I negotiate a salary?
It’s best to begin negotiating following the acceptance of an offer to ensure that everyone is conscious of what’s being discussed. So, negotiations will be focused on securing ideal terms while avoiding surprises.
What happens if I am completely satisfied with the offer without negotiating?
If you are offered a job and are happy with the offer, then there may be no need to discuss it. But it’s important to communicate clearly what the employer will offer with regards to things like the performance-based bonus or career-training reimbursements.
Can I negotiate salary when changing careers?
Negotiating salary when you change career paths can require extra planning because your prior experiences might not translate or relate to the new duties. Learn about the salaries similar to those in similar industries pay to gain a robust knowledge of the realistic expectations you can set for you, based on the particular circumstances you face.
Are you ready for your next job change? Explore our Tauranga Resume ‘s services today!
