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The following guide provides helpful tips on how to negotiate a salary for a new position in the same company.
Negotiating salary for a new position in the same company can be tricky, but it’s definitely doable! Here are some tips to help you get what you want:
- Do your research. Before you talk to your manager about salary, take a look at the job description and make sure you understand what they’re looking for. If possible, ask a friend who works there how much they make (but don’t mention that you’re looking for a raise).
- Be prepared with an offer. When you do sit down with your manager, have an offer prepared that represents what you believe is fair compensation based on what the position is worth and what they’ve offered in the past—and how long it’s been since they last gave raises to employees in similar roles, if applicable.
- Be confident! You know more than anyone else about your value as an employee, so don’t be afraid to use that knowledge to negotiate!
How to negotiate a salary for a new position in the same company
Make your case with data.
When you are negotiating a salary, it is important to make your case with data. You need to show that your skills, experience and value are worth what you’re asking for. The best way to do this is by using data from the company’s own numbers. Get access to the average salaries for similar roles in other locations or even other companies within the same industry. If those numbers don’t exist, then look at relevant industry benchmarks (e.g., PayScale’s Software Engineer Salary Report).
You may also want to consider citing your personal history of performance when it comes time for negotiation—this could include things like:
- Personal achievements
- Accomplishments at previous jobs
- Work experiences that demonstrate transferable skills
Use your research.
When negotiating salary for a new position with an existing employer, it’s important to be prepared. The first step is to do some research.
Many companies will have a “market value” (or similar) of the position you are applying for, and how it compares to others in your industry or geographic area. This can help you determine what amount of salary increase they might give you, as well as enable you to create a list of accomplishments that will show why they should pay more than other candidates who may be less qualified than yourself.
If this information isn’t available through your company’s internal resources (such as human resources), there are other avenues through which to find this data:
- Use an online salary calculator such as Glassdoor’s Salary Research Center or Payscale’s Salary Calculator & Comparison Tool. These websites allow job applicants and employees alike access historical salary data from millions worldwide so that they can compare their current salaries against those at other companies within their industry or geographic region—and use these findings when negotiating future salaries with employers who may not know what type of compensation packages would be appropriate based on market rates alone!
Don’t forget about benefits.
Benefits are an important part of your compensation package, and they can often be negotiated just like salary. Benefits may include health insurance, vacation time, professional development opportunities, and more. Remember to include them in any negotiation conversations you have with your employer.
Decide what you’re willing to give up.
Now that you understand the process of negotiating a salary, it’s time to decide what you’re willing to give up. While negotiation is about getting what you want, it’s also about giving something up in return. Deciding which things are non-negotiable for you and which ones aren’t a deal-breaker is critical for your negotiations—and for keeping your sanity!
If there are any aspects of the job that are truly important to you but aren’t part of the standard salary package (like tuition reimbursement or dental insurance), see if those can be added in as bonuses or incentives instead. You may even be able to negotiate more vacation days than usual if they’re unusual perks at this company.
But don’t let yourself get too greedy; while employers will almost always try their hardest with offers when they know someone else wants them, they won’t go over by too much unless they have absolutely nothing left on their plate (which could happen when HR has already exhausted all other options). And remember: even if the position pays less than what others in similar positions earn at other companies, do not ever make it seem like this was intentional!
Remember that salary isn’t everything.
When negotiating a salary, there’s more to consider than just the money. For example, you might be able to ask for benefits like flexible work arrangements and paid time off. If you’re moving from one department to another, it also makes sense to request perks like stock options or access to professional development opportunities that aren’t available in your current role. And if your new position requires you to commute longer distances than before—or vice versa—you could ask for a shorter commute as part of your negotiation process.
In short: don’t forget about other factors when negotiating a salary with your future employer!
Anticipate the counteroffer — and how you’ll respond.
It’s a common practice for employers to counteroffer with an alternative pay rate, so be prepared. If you’re not confident that your initial offer will stick, there are ways to respond.
- First, understand what you expect from the position and how much those responsibilities should be compensated. If you’re looking for a certain level of flexibility or specific benefits (such as health care), make sure these are included in your request.
- Make sure your expectations align with reality: if you’re offered a salary of $80k per year but want $120k because of all the responsibilities listed on the job description page, it’s best to be honest about this upfront and explain exactly why you want more money upfront rather than waiting until after acceptance (or rejection).
- Know when to walk away: if an employer continues negotiating with an unreasonably low salary offer after multiple attempts at negotiation, consider walking away from the opportunity entirely instead of accepting something that doesn’t meet even half of what was discussed in previous conversations between both parties.
Have a backup plan ready to go.
Have a backup plan ready to go. If the company won’t meet your salary requirements, you’ll need to know what your bottom line is and be prepared to walk away if there’s no room on the table for negotiation. Having a backup offer will also allow you more leverage in negotiations with them (they may be able to give you some concessions).
With preparation, you can successfully negotiate a salary for a new position in the same company.
Before you begin negotiating your salary for a new position in the same company, there are a few things you should know.
- You need to be able to ask for more money. This means understanding what the market value is for this type of job and being able to articulate why you deserve it.
- You will have to negotiate with someone who might not agree with your requests or be willing to give them up easily. You may even have several people who will be on different sides of this negotiation—for example, coworkers may have their own opinions about how much money they think you should make compared to each other, as well as managers and executives who can influence what happens next.
- It’s important that everyone understands this isn’t personal; it’s just business! (Even though it feels like an awkward situation.) And when possible, keep things professional by avoiding topics like politics or religion when discussing salary details so everybody can focus on finding common ground without getting distracted by anything else going on in our lives at any given moment.”
