5 Great Ways to Negotiate Your Salary
Negotiating the right salary for your next role might feel like an uphill struggle and can make even the most seasoned professional panic. However, by adhering to the following top tips, you’ll soon be on your way to the salary you’re looking for…
1.Timing is everything
To negotiate the right salary, you need to have a keen understanding of what’s really going on at the company you work for/intend to work for. While being paid the right sum is a crucial part of any job search, your salary will also be determined by factors within the business, the industry and the economy as a whole.
You may find negotiating for a pay rise tricky during a recession, for example – or times when your company is making significant cuts. Look for opportunities to time your negotiation and ensure it is backed up by plenty of valid reasoning.
2. Know your worth
As an employee, you bring value to the company you work for. In many instances, your labour will be creating more revenue for the business, and those skills could be applied to another company with just as much impact. Knowing that you are much more than a mere ‘cog in the wheel’ will help you approach your salary negotiation with confidence.
Many of us undervalue our work, but even a glance at a salary calculator during your remote job search will help you understand the true ‘take home’ pay of any particular role. Don’t be afraid to seek the salary you truly want (and need) to live comfortably.
3. Speak to recruiters
If you haven’t negotiated your salary for a long time, one way to research your options is to talk directly to recruiters. This will help give you a clear indication of the current average salary band you can expect to slot into with your skills and experience. Even if you are not able to glean an exact number from these conversations, you may be able to find out the pay range you should be aiming for.
At the start of negotiations, aim for the top range when deciding the salary you want to aim for. It is likely your employer will want to wind this number down, so ensuring there is a little room for this while still resulting in a preferential salary is key.
5. Practice your pitch
Whether you are negotiating your salary in a meeting or writing your intentions, practice makes perfect. Your tone of voice and method of approach will be key to whether your employer is willing to pay you the sum you deserve.