How to Negotiate Salary for Your Next Career Move
A salary negotiation is an arduous process because it involves balancing what you think you’re worth versus what your employer believes they’ll be able to afford. However, if done correctly it could be an enjoyable experience for both sides that results in a better salary for the employee, as well as greater satisfaction for the employees in their work. Learn how to bargain your salary in confidence.
Important Takeaways
- Before you negotiate your salary study market rates and industry standards to confirm that your salary request is realistic.
- Get information from networking with colleagues, using online resources such as LinkedIn Salary and Glassdoor, and also reaching out to professional networks.
- Plan your talk points ahead of time, including education & certificates and years of relevant experience, results & achievements, unique skill set & abilities, industry expertise, and training potential.
- During the negotiation, be assured and confident but remain flexible and open-minded. Show tangible results that you’ve had in your previous positions.
- Maintain a positive tone throughout the conversation and practice active listening.
Do your research
Prior to entering any salary negotiation, it’s important to do thorough research on market rates and industry standards to make sure your salary offer is reasonable. Some factors that can affect this include levels of experience levels, the size of your company, and location (?). One way to gather information is through networking with colleagues or others in your chosen job field.
Research Online
Utilizing internet-based resources like [LinkedIn Salary] (https: //www. linkedin. https://www.linkedin.com/salary) and [Glassdoor] (https http://www. glassdoor. com/Salaries/index. htm) You can find a more comprehensive information about the range of benchmarking salaries companies pay for the same job. This will give you an idea about current market rate plus few other elements that are related to the position.
Your Network is Vital
Gain insight by speaking to colleagues who have been in similar roles or reaching out through the professional networks in addition to brainstorming members of professional associations.
Plan talking points
The time spent in preparing for a negotiation is always time well spent. You’ll feel more confident in making your case if you have a clear outline of your talking points prior to the time.
Here are some instances of things that you might consider including in your salary negotiation:
- Training and certification
- Experience gained through years of relevant work
- Achievements and results
- A unique set of skills and characteristics (e.g. the ability to speak two languages)
- Industry-specific knowledge
- 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’s important to be confident and clear. Be clear about your experience, achievements and job expectations. It’s crucial to maintain an optimistic tone throughout the discussion so that the employer doesn’t feel like you’re being insecure.
Highlight Tangible Results
Simply stating that someone is driven, hardworking, and goal-oriented may not be enough to make an strong appeal. It is important to present clear and precise data regarding how prior roles have made a difference in companies or what are the most valuable qualities that can benefit an organization.
Keep your mind open
If your employer isn’t able to agree to your salary request or compensation package being flexible and open will allow for discussion. You can inquire about alternative incentive options such as performance-based bonuses or arrangements instead of Base salary(? ).
Make sure to remain professional throughout the negotiation - no matter how well or poorly it’s going being too combative or making unreasonable demands is likely to have a negative impact for all parties involved.
Practice active listening
Listening is equally as important as communicating during these kinds of conversations. Listen attentively from the any other participant during negotiations, observing the amount requested carefully and clarifying questions if needed, but remaining in the spirit of your what you originally requested. Both parties should ultimately achieve satisfactory results.
Use the lessons you’ve learned from these discussions 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 the chance of achieving positive, mutually beneficial results.
| Your Network is Important | Talk to your friends who’ve held similar roles or connect with professionally-oriented networks and brainstorming with members within professional organizations. |
| Prepare Talk points | Certification and education, Years of relevant experience, Performance and accomplishments, unique skills and characteristics (e.g. bi-lingualism) Know-how in the field, ability to train |
| Be confident & concise | Make sure you are clear about your experience accomplishments, job goals and achievements. Use tangible results to highlight your achievements. |
| Keep your mind open | Consider alternative incentives such as performance-based bonus structures instead of Base salary. (?). Keep your professional conduct during the negotiation. |
| Practice active listening | Listening is equally important as speaking during these kinds of conversations. Take what you have learned from these discussions and apply it to future negotiations you’ll likely take part in. |
Are you looking forward to your next career shift? Check our Pro Resume Writers Adelaide ‘s services today!
Frequently Asked Questions
What is salary negotiation?
It is the act of negotiating and deciding on the compensation package for a position. In this negotiation, you can discuss not only your base salary but also benefits like retirement plans, health insurance, and more.
Why is it so important to bargain on salary?
Negotiating your salary could give you a more secure financial future as well as indicate that you’re aware of what you’re worth. This can help you not leave money on the table.
When should I start negotiating a salary?
It’s best to begin negotiating following the acceptance of an offer to ensure that everyone is aware of what is being negotiated. This way, the negotiations will be focused on securing optimal terms and avoid surprise.
What happens if I am completely satisfied with the offered package without negotiating?
If you get an offer and you are satisfied with it, there’s no need to bargain. However, it’s essential to communicate clearly what employers will provide with regards to things like the performance-based bonus or career-training reimbursements.
Can I negotiate my salary if switching careers completely?
The negotiation of salary for changing career paths could require additional training because your previous work experience may not directly translate or encapsulate new responsibilities. Research what similar roles in related industries pay, to develop a thorough understanding of realistic expectations for yourself, in light of the specific circumstances.
Are you ready for your next job shift? Take a look at for our Pro Resume Writers Adelaide ‘s services today!
