How to Negotiate Salary for Your Next Career Move
Negotiating your salary is difficult to talk about, because it involves balancing what you believe you’re worth with the amount an employer believes they can afford. But, if it’s done correctly, it can be a positive experience for both the employer and employee, which results in a greater salary for the employee as well as greater satisfaction for the employees in their work. Here’s how to bargain your salary in confidence.
Important Takeaways
- Before you make a salary offer study market rates and industry standards to confirm that the salary you request is reasonable.
- Get information from the networking of colleagues, using online resources 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 knowledge, accomplishments and achievements with a unique set of skills and qualities, industry knowledge, and potential for training.
- During negotiations, be confident and clear, but be flexible and open-minded. You should highlight tangible results you’ve had in your previous roles.
- Maintain a positive mood throughout the conversation, and engage in active listening.
Do your research
Before you begin any salary negotiation, you need to conduct thorough research on standard industry rates and market rates to ensure that your salary request is reasonable. Factors that might impact this may include levels of experience level, company size and geographical location. (?). One great way to gather information is to make connections with colleagues or others within your job field.
Research Online
Utilizing online resources, such as [LinkedIn SalaryWith the help of some online resources like [LinkedIn Salary (https: //www. linkedin. com/salary) and [Glassdoorglassdoor (https: //www. glassdoor. com/Salaries/index. Htm) you will get a more substantial approach towards the benchmarking range of salaries companies pay for the same job. It will provide you with an idea of the market rate and a few other aspects related to the position.
Your Network is Essential
Get insight from talking to friends who have held similar positions, or contacting them via professional networks as well as brainstorming professionals in professional organizations.
Make talking points
Time spent preparing for any negotiation is always time well spent. You’ll feel more confident when the presentation of your case if have a set of talk points that you have outlined before the deadline.
Here are some suggestions of items you could consider to include in your salary negotiation:
- Education and certification
- Experience gained through years of relevant work
- The results and accomplishments
- 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 one doesn’t miss any important information.
Be confident & concise
During a salary negotiation, it’s important to be confident and articulate. Speak clearly about your experiences of accomplishments and your expectations. It’s essential to maintain a positive attitude throughout this conversation so that the employer feels like you’re not being hostile.
Highlight Tangible Results
Simply stating that one is determined, hardworking and aspire-driven person may not be enough to generate an appealing appeal. Therefore, provide clear data regarding the ways in which previous jobs made significant difference to companies or how valuable are specific skills that help an organisation.
Be flexible
If the employer cannot agree to your salary request or compensation arrangement being flexible and open can help create space for dialogue. You could ask about alternative incentives like performance-based bonus arrangements instead of the Base salary(? ).
Be sure remain professional throughout the negotiation process regardless of how successfully or badly it’s going Being too aggressive or making unreasonable demands could result in an unfavourable outcome for everybody who is involved.
Practice active listening
Listening is as crucial as communicating during these types of conversations. Do listen actively from any other participant during negotiations, observing specific requests and resolving doubts if at all while remaining in the spirit of your what you originally requested. In the end, both parties must achieve satisfactory results.
Consider the lessons you’ve learned from these discussions and incorporate it into any future negotiations you’ll likely take part in. Following the tips above goes far in maximizing your chances of achieving positive, mutually beneficial results.
| Your Network is Important | Speak to friends who have had similar experiences or reach out to professional networks in addition to brainstorming members of professional associations. |
| Prepare Talk points | Qualifications and training, Years of relevant experience, Results and accomplishments, unique skill set and qualities (e.g. multilingualism), Industry knowledge, ability to train |
| Be confident & concise | Speak clearly about your experiences accomplishments, job goals and achievements. Focus on tangible results. |
| Remain flexible | Find out about other incentives, such as incentive structures based on performance rather than Base salary (?). Keep your professional conduct throughout the negotiation process. |
| Practice active listening | Listening is equally as important as communicating during these types of conversations. Learn away from these conversations and incorporate it into any future discussions you’ll likely be involved in. |
Are you looking forward to your next career change? Take a look at our Pro Resume Writers Brisbane ‘s services today!
Frequently Answered Questions
What is salary negotiation?
Negotiating salary is discussing and deciding on the compensation plan for a position. Through this process you will be able to discuss not only the base salary, but also other benefits like health insurance, retirement plans and much more.
Why why is it important to bargain on salary?
Negotiating your salary could give you a better financial future and show you’re confident about your worth. It will also allow you to not leave money on the table.
When should I start negotiating my salary?
It’s best to begin negotiating immediately after receiving an offer so that all parties are aware of what is being discussed. In this way, negotiations are focused on securing perfect terms while avoiding unexpected unintentional surprises.
What if I am happy with the package I was offered without negotiating?
If you accept an offer and are pleased with it, there’s no reason to bargain. However, it’s still essential to provide clear information about what the employer will offer with regards to things like compensation for training or performance-based bonuses.
Can I negotiate salary when I change careers entirely?
The negotiation of salary for changing career paths may require added training because your previous work experience might not directly translate or encapsulate new responsibilities. Research what similar roles in related industries pay in order to get a solid idea of what realistic expectations are for yourself, in light of the particular circumstances you face.
Are you ready for your next job move? Take a look at the services of our Pro Resume Writers Brisbane ‘s services today!
