When an employer extends a job offer, they often increase salary to motivate the employees. However, if you don’t feel the pay aligns with your skills, career level, and strengths, then you have to do something to get what you deserve. You can bring up suggestions such as stock options, equity, and extra vacation days.
Negotiating your salary is vitally important to increasing your earning potential, as well as to ensure that you’re fairly compensated for the work you do.
Just like what you’ve learned in your career field, you also need to learn how to negotiate salary with your employer.
So, here are five tips and examples of negotiating salary:
1. Be Prepared With Your Talking Points
If you’re ready to talk to your employer, you might need to answer this following helpful question as a framework of your negotiation: Why do you feel you should be entitled to a higher salary than your employer offers you?
Be sure that you know already what to do before talking to your employer. Put it all together with a few talking points and make sure that you’re as specific as possible. They might ask for information like:
- Your achievements in previous roles, like awards you’ve earned or goals you’ve met. If you have a ton of them, then, use actual numbers as much as possible.
- Work experience, and skills or certification. If you meet the employer’s stated requirements, be sure to include that as part of your talking points.
2. Calculate Your Value
As an employee, it’s crucial you know how much your value is before an employer offers you a salary. There are many reasons why you need to start calculating your value, use these below factors to justify your desired salary.
- Education level
- Career level
- Skills
- Location
- Years of work experience
- Years of leadership experience
- Licenses and certifications
Before you begin your conversation, be sure to reiterate to yourself why you’re a valuable employee.
3. Show Your Confidence
One of the most common issues for employees who try to negotiate their salary is a lack of confidence.
It is essential that you’re brave enough to talk about your salary. Remember, the more confident you’re, the more confident the employer will be during your conversation.
4. Be Flexible
Show that you’re very flexible, even if you don’t meet the salary amount you want, they might offer you another form of compensations. For example, you may be able to negotiate extra vacation days or more stocks options and even work from home.
Just remember, don’t be shy to ask for these things; they may turn out more valuable than your paycheck.
5. Don’t Be Afraid to Walk Away
You can walk away if the employer can’t accept or may not be able to meet the salary or even the additional benefits that you’ve asked from him/her.
In this case, you don’t need to force yourself to accept that job just because you’re shy to refuse him/her. If this job doesn’t make you happy, you should consider walking away and find another job where you’ll fit in.
Remember, even if the employer declines your requests, it’s essential that you still act in a professional manner.
Image Credit: Pixabay
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