How to Negotiate Salary for Your Next Career Move
A salary negotiation is an extremely difficult process, since it involves balancing what you think you’re worth versus what the employer thinks they’re able to pay. However, if done correctly it could be an enjoyable experience for both parties that results in a better salary for the employee, as well as greater employees’ engagement in their jobs. Here’s how you can make your salary negotiation a success.
Principal Takeaways
- Before you negotiate your salary take a look at market rates and industry standards to ensure your salary offer is fair.
- Gather information through networking with colleagues, using online resources such as LinkedIn Salary and Glassdoor, and also reaching out to professional networks.
- Prepare talking points ahead of time, including education & certifications and years of relevant experience, results & achievements and unique skills qualifications, industry knowledge and training potential.
- In the course of negotiations, you should be confident and clear, but be flexible and open. Bring out tangible results you have achieved in previous positions.
- Keep a positive and upbeat tone throughout the conversation and engage in active listening.
Do your research
Prior to entering any salary negotiation, you need to conduct a thorough study of current market rates and industry standards to ensure that your salary suggestion is reasonable. Factors that might impact this could include your experience level, company size, and location (?). One great way to gather data is to connect with colleagues and others in your chosen profession.
Research Online
Utilizing internet-based resources like [LinkedIn Salarywith the help of certain online resources such as [LinkedIn Salary] (https: //www. linkedin. com/salary) and [Glassdoor] (https: //www. glassdoor. com/Salaries/index. htm) you can get an additional perspective on the benchmarking range of salaries businesses pay for the same job. This will give you an idea of the market rates and other aspects related to the position.
Your Network is Essential
Learn more by talking to acquaintances who have had similar positions, or contacting them through professionally-oriented networks as well doing brainstorming professionals in professional organizations.
Plan Talking points
Preparing for any negotiations is always a good time spent. You’ll be much more confident when making your case if you have a clearly defined list of points to discuss ahead of time.
Here are some instances of things you might want to think about during your salary negotiation:
- Education & certification
- Years of relevant experience
- Achievements and results
- Unique skill set and qualities (e.g., bilingualism)
- Knowledge of the industry
- Potential for training
The idea of keeping a notepad and/or notes handy could assist during conversations to ensure it is not lost important points.
Be confident & concise
In a salary negotiation It is important to be confident and clear. Make sure you are clear about your past experiences accomplishments, your job goals and achievements. It is important to keep a positive tone throughout this discussion so that the employer doesn’t feel like you’re appearing to be unfriendly.
Highlight Tangible Results
Simply stating that one is committed, hardworking, and focused may not be enough to make an impactful appeal. It is important to present clear and precise data regarding the ways in which previous jobs made significant difference to companies or how valuable are specific skills that can benefit an organization.
Keep your mind open
If the employer isn’t able to agree to your salary or compensation arrangement being flexible and open will help open the door to dialogue. It is possible to inquire about alternative incentives like performance-based bonus structures, instead of the Base salary(? ).
Be sure remain professional throughout the negotiation process no matter how well or badly it’s going getting too defensive or imposing unreasonable demands will likely lead to a negative outcome for everyone who is 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 requested amount carefully & clarifying questions if needed, but remaining in the spirit of your initial request. In the end, both parties must arrive at acceptable outcomes.
Take what you have learned away from these conversations and incorporate it into the next negotiations you’ll likely take part in. The tips mentioned above will go an enormous way to increasing the chances of achieving positive, mutually beneficial results.
| Your network is important | Talk to your friends who have been in similar positions or reaching out through the professional network as well doing brainstorming members within professional organizations. |
| Prepare talking points | Education & certification, Years of relevant experience and accomplishments, Unique ability and traits (e.g. the ability to speak two languages), Industry knowledge, the potential for training |
| Be confident & concise | Be clear about your experience as well as your achievements and expectations. Focus on tangible results. |
| Remain flexible | You can inquire about alternative incentives such as incentive structures based on performance rather than Base salary. (?). You must remain professional during the negotiation. |
| Practice active listening | Listening is as crucial in these types of conversations. Learn from these conversations and incorporate them into the future negotiations you’ll likely take part in. |
Are you looking forward to your next career move? Go through our Murray Bridge Resume ‘s services today!
Frequently Asked Questions
What is the concept of salary negotiation?
Salary negotiation is the process of discussing and deciding on the compensation package for a job. Through this process you are able to discuss more than only your base salary but also other benefits, such as retirement plans, health insurance and much more.
Why why is it important to bargain on salary?
Negotiating your pay can provide you a greater financial future as well as show that you are aware of your worth. It will also allow you to avoid leaving money on the table.
When should I begin to negotiate the salary?
It’s best to begin negotiating after receiving an offer so that all parties are aware of what is being negotiated. This way, the negotiations will be focused on securing perfect terms while avoiding unexpected unpleasant surprises.
What if I am happy with the package I was offered with no negotiation?
If you receive an offer and are pleased with the offer, then there’s no need to discuss it. It’s nevertheless important to provide clear information about what your employer’s expectations regarding things such as rewards based on performance or reimbursements for career training.
What is the best way to negotiate my salary? changing career paths entirely?
Negotiating your salary after changing careers may require more planning because your prior experience might not directly translate or be a part of the new job. Research what similar roles in similar industries offer to have a clear idea of what realistic expectations are for yourself, given the specific circumstances.
Are you ready for your next career move? Explore out Murray Bridge Resume ‘s services today!
