Top 4 tactics to follow while negotiating your salary
Negotiating a better salary is requesting your financial reward for the skills that you employ at your job and for which the company initially hired you for. Negotiating salary increases is a normal career move. No, you will not be fired for asking for an increase in salary nor will you be reprimanded. After all, it is assured that your boss or supervisor has done the same thing for their career.
Salary Increase Rates
It is a general business statistic that it is a good idea to ask from 10% to 20% increase. Do your homework and research the data on salaries in the field that you work and negotiate based on those numbers, plus on what you need an increase for in your life, minus taxes, etc. No matter where you work, whether you are a cashier at a grocery store or an executive in a large company, your worth is negotiable.
Companies great and small find salary offerings through qualified recruitment agencies. Potential employees also benefit from the use of recruiters. One of the benefits in professional recruiters is that they deal in salary ranges and not specific salary numbers. There is no other better work-industry that thrives on salary negotiations with recruiters than in the professional sports industry. The NBA, the NHL, the NFL, etc., all of whom negotiate for their clients, including sports players who use San Diego recruiters, Irvine recruiters, and many Orange County recruiters.
Executive recruiters also use virtual candidate screening solutions and a database of global prospective candidates. Using this type of job search process, it instills a great sense of security levels because candidates undergo a thorough background check and reference checks. What are important tips for salary negotiations? Here are 4 tactics for negotiating salary numbers:
- Come prepared! Do your homework in asking for a higher salary. Don’t under price your worth and do not overprice your worth. Find out what the pay scale is for the position you are applying for or for what your level calls for. Your recruiting contacts like your San Diego recruiters, your Irvine recruiters, your Orange County recruiters, and your executive recruiters can help you with this information.
- Be patient and allow an employer to make an offer before you blurt out the amount you want for your salary increase. Confidently associate your salary negotiated increase with your successes, your skills, and the importance of your experience to the company. Highlight your experiences about where you have gone beyond what your position called for. For new employees, you can also negotiate a higher salary. Remember not to make it personal. Do not talk about how you need more money because your rent just went up or you have medical expenses. Instead always negotiate based on your achievements.
- Decorum is a negotiating technique. Remain calm and negotiate in good faith. The person with whom you are negotiating with is more likely a person with whom you must continue to work with after the negotiations are completed. Remember that if no is the answer for a salary increase it does not mean that you are not worth it. Don’t say anything that you may regret later on. Keep your negotiating conversation with a professional tone.
- Salaries are not the only compensational benefit. Try to leave the negotiation with more than what you started with. In other words, negotiate for better family leave days, virtual telecommuting days, more company equity, educational opportunities, and more. There are so many company offerings that can be financial options when you are accepting a new position or when you are negotiating your current positions.
Remember that salary negotiations are about your skills and experience that you bring to the workplace. Negotiate based on your personal financial needs, your self-esteem, your financial determinant within the market salary trends, benefits, and more.