Why Salary Negotiation Is Important
Many of those who are currently on the lookout for a new job mistakenly believe that when they’re hired, they should always accept the salary and benefits being offered to them at an instant. However, this has been proven time and time again that this is not the case. In many cases, job-seekers are able to successfully use salary negotiation skills to negotiate a pay rise and better terms for a job offer in order to earn more income all around. However, this is only possible if they know how to ask a potential employee for what they want.
At the end of the day, you get what you negotiate, and your career is solely your responsibility. If you find that something is important to you, don’t just presume that anyone can read your mind or will fight to get you what you want. Interested in finding out how to succeed in salary negotiation and receive a pay rise when starting a new job? Continue reading.
How to Succeed at Salary Negotiation
- Research your current market and see the value for your skills and position
- Don’t bring up the salary first, let your future employer ask you what you expect
- Don’t mention a salary negotiation until you’ve received the job offer
- Never share your salary history
- Set a goal and a target of what you want to earn, get motivated!
- Don’t forget to ask for additional benefits
- Talk to recruiters for additional information
- Don’t be scared to walk away
- Stay positive, not pushy
When to Ask for a Pay Rise
Let’s face it, there’s never a perfect time to ask for a pay rise. However, it must be done! The best time to use your negotiation skills and ask is when you’re pursuing your new job. As somebody who’s just been offered a new role, you will have more power in that company than a current employee. Not only that, but employers actually expect you to negotiate during your onboarding period. This means that if you fail to, you’ll probably be leaving money on the table.
Something to bear in mind is that salary negotiation is something that everybody should be focused on. Regardless of whether you already asked for a pay rise and received a no, you can ask again! And this time? You’ll be so much better prepared to put those newly learned negotiation skills to good use.
Never be afraid to ask for what you want, you should implement the mindset and the confidence within you to go for it! After all, salary negotiation is a completely normal part of the employment process, and getting the pay rise or salary you deserve is a vital part of advancing in your career.
Always remember – A pay rise is not just a deposit to your bank account, it shows you exactly how much your company values you and your skills, and appreciates the work that you do for them.