Salary negotiation is a topic that everyone should be focussed on when it comes to sealing a job offer. Out of humility, many people feel that they don’t need to negotiate salary, but they need to remember that companies may have a budget allocated for a particular role, and it’s usually more than what is advertised.
When negotiating your salary, it’s really important to approach the issue objectively, by creating an evidence-based approach for your desired salary and negotiate for it cleverly.
This post is aimed to show you the basics of how to handle salary negotiations. You will learn how to find out your value from the current job market and how to negotiate your salary.
Salary negotiations are clear discussions between yourself, a recruitment consultant and or a prospective employer. If you genuinely believe that your salary off is not meeting your financial expectations, then you should feel empowered to negotiate in order to get the salary that you believe that you deserve.
When you negotiating your better salary, be prepared to look at the following:
Get ready for some resistance: Even if you can succinctly prove your case for a higher salary can elicit doubt from the potential employer, so be prepared to answer questions.
Build a good case: It will be a good idea for you to prove that you are worth investing in, by providing specific examples of the value you’ve provided to your previous employer via your key achievements will certainly help.
Be Firm and Flexible: Always be prepared to be firm but flexible. You may have to go back-and-forth during negotiations and be sure that any compromise reached is acceptable.
It’s really key to remember and keep in mind that negotiating your salary is a perfectly normal part of the employment process and that getting the salary you deserve is part of moving forward in your career.
Salary negation is more than just your bank balance, it’s also all of the other benefits that are on offer from the company, such as career development and training, work flexibility, and health-related benefits. Discussing some of thses perks will help you to get the complete salary and benefits package you need such as;
Mentoring & Coaching.
Training, Professional Development & Certifications.
Health & Fitness.
Pensions & Investments.
In order to determine your salary negotiation, it’s really important that you, objectively discover, how much someone in your role, with your experience and in your location, should be paid.
Salaries will range greatly by industry, level of seniority and location, and achieving the salary that you are looking for will greatly depend upon asking for a realistic salary and compensation package.
By doing a simple search on the online job boards, you will be able to clearly see the range in salaries on offer for the roles in a particular area. By doing this, you will be able to objectively see the going rate for your salary.
Negotiating your salary does not have to be a fearful or intimidating exercise, in fact, employers may even applaud your actions in believing in yourself and recognising your worth, so be bold and be confident.
As long as you’ve done appropriate research to learn a realistic salary range to ask for and have a plan in place for navigating the negotiation, there’s nothing to worry about and you have nothing to lose at all.
Following these pointers will also help you to be successful in your salary negotiations.
Have a salary range rather than a single figure:
Practice your pitch at least once before the actual negotiation:
Keep your cool: