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 the amount an employer believes they’re able to pay. But, if it’s done correctly it could be an enjoyable experience for both sides that results in a higher salary for the employee and a greater employees’ engagement in their jobs. Here’s how you can bargain your salary in confidence.
The most important takeaways
- Before you make a salary offer make sure you research market rates as well as industry standards to ensure that the salary you request is reasonable.
- Get information from networking with colleagues, using online tools like LinkedIn Salary and Glassdoor, and also reaching out to professional networks.
- Plan your talk points ahead of time, including education and accreditation as well as years of relevant experience, results & achievements with a unique set of skills and abilities, industry expertise, and training potential.
- In the course of negotiations, you should be confident and clear, but be flexible and open. You should highlight tangible results you’ve achieved in your previous positions.
- Maintain a positive tone throughout the conversation, and engage in active listening.
Do your research
Before you enter any salary negotiation, it’s important to do thorough research on market rates and industry standards to make sure that your salary proposal is realistic. Factors that might impact this could include experience level, company size and geographical location. (?). One way to gather information is through networking with colleagues and others who are in the same field of work.
Research Online
With the aid of online resources such as [LinkedIn SalaryUtilizing some of the online resources, such as [LinkedIn Salary (https http://www. linkedin. com/salary) and [Glassdoor] (https: //www. glassdoor. com/Salaries/index. http://www.salaries.com/index.html) you will get a an additional perspective on the benchmarking range of salaries companies pay for the same role which will gives you an idea of the market rate and a few other facets of an employment.
Your Network Is Vital
Gain insight by speaking to colleagues who have been in similar positions, or contacting them through professionals networks in addition to brainstorming members within professional organizations.
Plan Talk points
The time spent in preparing for a negotiations is always a good time spent. You’ll be more confident in giving your argument if you are prepared with a specific set of talk points that you have outlined before the deadline.
Here are some ideas of items you may want to consider including in your salary negotiation:
- Education & certification
- Experience gained through years of relevant work
- Performances and results
- Particular skill set and traits (e.g. the ability to speak two languages)
- Industry knowledge
- Potential for training
A notepad or notebook can be helpful during conversations so it is not lost crucial points.
Be confident & concise
In a negotiation for a salary it is essential 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 an optimistic tone throughout the conversation so that the employer doesn’t feel like you’re being unfriendly.
Highlight Tangible Results
Simply stating one is ambitious, hardworking, and goal-oriented may not be enough to generate an strong appeal. Therefore, provide clear data regarding the ways in which previous jobs made difference in companies or the value of specific capabilities that can benefit an organization.
Remain flexible
If your employer cannot agree to your salary or compensation package, remaining flexible and open-minded will allow for dialog. You could ask about alternative incentive options such as performance-based bonuses or arrangements instead of the Base salary(? ).
Be sure remain professional throughout the negotiation process regardless of how successfully or not: fighting too much or imposing unreasonable demands can have a negative impact for all parties involved.
Practice active listening
Listening is equally as important as communicating during these types of conversations. Do listen actively from your counterpart during negotiations. Listen to requested amount carefully & clarifying doubts if at all while maintaining the original request. Ultimately both parties should arrive at acceptable outcomes.
Consider the lessons you’ve learned away from these conversations and incorporate it into the next discussions you’ll probably be involved in. Applying the advice above goes in the right direction to increase the chance of achieving mutually beneficial outcomes.
| Your network is important | Contact friends and acquaintances who have had similar experiences or connect with professionally-oriented networks and brainstorming with members of professional associations. |
| Create talking points | Education & certification, Years of relevant experience, Performance and accomplishments, Unique skill set and qualities (e.g. bi-lingualism) Know-how in the field, Potential for training |
| Be confident & concise | Talk clearly about your personal experiences your accomplishments and expectations for the job. Use tangible results to highlight your achievements. |
| Keep your mind open | Find out about other incentives, such as the performance-based bonuses instead of Base salary (?). Be sure remain professional throughout the negotiation process. |
| Practice active listening | Listening is equally as important as communicating in these kinds of conversations. Consider what you’ve learned from these discussions and incorporate them into the future discussions you’ll likely be involved in. |
Are you looking forward to your next career move? Explore out Dubbo Resume ‘s services today!
Frequently Answered Questions
What is the concept of salary negotiation?
The process involves discussing and deciding on the compensation plan for a particular job. During this process it is possible to discuss not just the salary you earn, but also other benefits like health insurance, retirement plans and many more.
Why is it so important to bargain on salary?
Negotiating your salary can give you a better financial outlook as well as show that you know your worth. It can also help you avoid leaving money on the table.
How soon should I negotiate a salary?
It is best to begin negotiations following the acceptance of an offer to ensure that all parties are informed of what’s being discussed. In this way, negotiations are focused on securing ideal terms while avoiding unpleasant surprises.
What happens if I am satisfied with the package I was offered without negotiation?
If you receive an offer and are happy with it, then there’s no reason to discuss it. However, it’s essential to have transparent communication about what the employers are willing to offer in terms of things like rewards based on performance or reimbursements for career training.
Do I have the option of negotiating my salary when changing career paths entirely?
Negotiating salary when you change career paths could require additional preparation because your past experiences may not be directly applicable or encapsulate new responsibilities. Research what similar roles in related industries pay, to develop a thorough idea of what realistic expectations are for you, considering the specific circumstances.
Are you ready for your next career change? Take a look at for our Dubbo Resume ‘s services today!
