How to Negotiate Salary for Your Next Career Move
Negotiating a salary can be difficult to talk about, because it involves balancing what think you’re worth versus the amount an employer believes they can afford. If it’s done right it can result in a positive experience for both the employer and employee, which results in a higher salary for the employee and a greater employee engagement in their work. Here’s how to negotiate your salary confidently.
Key Takeaways
- Before you negotiate your salary study market rates and industry standards to confirm that your salary proposal is realistic.
- Gather information through the networking of colleagues, using online resources such as LinkedIn Salary and Glassdoor, and contacting professional networks.
- Prepare talking points ahead of time, including education & certificates in the form of years of relevant work experience, the results and achievements, unique skill set & qualifications, industry knowledge and training opportunities.
- During negotiations, be confident and clear, but be flexible and open. You should highlight tangible results you achieved in your previous roles.
- Keep a positive attitude throughout the conversation, and make sure you are listening actively.
Do your research
Before you enter any salary negotiation, it’s important to do thorough research on current market rates and industry standards to ensure that your salary suggestion is realistic. Things that may affect this include your experience degree, size of the company as well as location. (?). One way to gather information is through networking with your colleagues or those who are in the same profession.
Research Online
Utilizing online resources such as [LinkedIn SalaryWith the help of some online resources like [LinkedIn Salary (https http://www. linkedin. com/salary) and [GlassdoorGlassdoor (https http://www. glassdoor. com/Salaries/index. htm) you will get a more comprehensive information about the range of benchmarking salaries businesses are providing for same job. This will give you an idea of current market prices and also other aspects related to a job.
Your Network Is Essential
Gain insight by speaking to colleagues who have been in similar positions or reaching out through professionals networks as well as brainstorming professionals in professional organizations.
Plan Talking points
Preparing for a 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 prior to the time.
Here are a few ideas of things that you may want to consider when negotiating your salary:
- Certification and education
- Experience gained through years of relevant work
- Performances and results
- Unique skill set and qualities (e.g. language proficiency,)
- Know-how in the field
- Training potential
Notes and notebooks can be helpful during conversations so that one doesn’t miss any important details.
Be confident & concise
In a negotiation for a salary 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 your tone of voice positive throughout the conversation to ensure that your employer doesn’t feel like you’re seeming aggressive.
The Key to Tangible Results
Simply stating that someone is determined, hardworking and goal-oriented might not be enough to generate an impressive appeal. Therefore, provide clear data about how your previous positions made a significant difference to companies or the value of specific skills that help an organisation.
Stay flexible
If the employer isn’t able to your salary request or compensation plan in full Being flexible and open can help create space for discussions. You can inquire about alternative incentive options such as performance-based bonuses or arrangements instead of Base salary(? ).
Make sure to remain professional during the negotiation process - regardless of how successfully or poorly it’s going: Being too aggressive or making unreasonable demands is likely to cause a negative result for all parties affected.
Practice active listening
Listening is just as important as communicating during these kinds of conversations. Be attentive to the another party while you negotiate, listening to the the amount requested carefully and clarifying questions if needed, but maintaining the original request. Ultimately both parties should achieve satisfactory results.
Consider the lessons you’ve learned away from these conversations and incorporate it into any future negotiations you’ll likely take part in. By following the suggestions above, you will go a long way towards maximizing your chances of achieving positive, mutually beneficial results.
| Your Network is Important | Have a chat with friends who have held similar roles or connect with networking networks for professionals as well as brainstorming members of professional associations. |
| Plan talking points | Training and certification, years of relevant experience and achievements, Unique abilities and skills (e.g. bi-lingualism), Industry knowledge, ability to train |
| Be confident & concise | Be clear about your experience, achievements and job expectations. Highlight Tangible Results. |
| Keep your mind open | Ask about alternative incentives like incentive structures based on performance rather than Base salary (?). Be sure remain professional during the negotiation process. |
| Practice active listening | Listening is just as important as communicating during these types of conversations. You can take the lessons you’ve learned from these discussions and incorporate them into future discussions you’ll likely be involved in. |
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Frequently Asked Questions
What is the concept of salary negotiation?
It is the act of discussing and deciding on the compensation package to be paid for your job. Through this process, you can discuss not only your base salary but also benefits like retirement plans, health insurance and many more.
Why is it so important to negotiate salary?
Negotiating your salary can give you a more secure financial future as well as indicate that you’re confident about your worth. It will also allow you to not leave money on the table.
How soon should I negotiate for a raise?
It is recommended to begin negotiations following the acceptance of an offer to ensure everyone is informed of what’s being discussed. So, negotiations are focused on securing the best terms, while avoiding any surprise.
What happens if I am completely satisfied with the package I was offered without negotiating?
If you are offered a job and are happy with it, there may be no need to bargain. But it’s important to communicate clearly what the employer will offer regarding things such as rewards based on performance or reimbursements for career training.
What is the best way to negotiate my salary? switching careers completely?
The negotiation of salary for changing career paths can require extra preparation due to the fact that your previous experience may not directly translate or encapsulate new responsibilities. Study what similar positions in similar fields pay to gain a robust understanding of realistic expectations for you, based on your specific circumstances.
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