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So you’ve just landed an interview for the job you REALLY want. You’re certain this is going to be the job that will skyrocket your career and land you on top of the mountain. So, how do you convince them to give you what you’re worth? How do you negotiate salary for a new job offer? Here are some tips and things to consider ahead of time that may help elevate your pay.
Negotiating salary for a new job offer can be stressful, but it doesn’t have to be! Here are some tips to help you get the most out of your next negotiation.
- Research the market value of your position
The first thing you should do is research the market value of your position. For example, if you’re applying for a job as an accountant and there are several similar jobs offered at other companies in the area, use those numbers as a starting point when negotiating your salary.
- Think about what you want out of this job
Think about what you want out of this job and how much money will help you achieve these goals. Is it security? A flexible schedule? Being able to afford more expensive hobbies? Having a family? Knowing what’s important to you will help guide what kind of package (base salary plus benefits) makes sense for both parties.
- Know what’s negotiable and what isn’t
There are many factors that have nothing to do with your skills or experience that come into play when negotiating salary, such as: company culture, internal politics (e.g., who else is competing for this position), whether or not the company has money set aside for raises/bonuses (and if so
How to negotiate salary for a new job offer
Introduction
If you’ve ever interviewed for a job, you probably had to answer the question, “What salary are you looking for?” And if you’re like most people, you probably froze up and had no idea how to respond. You may have even been so flustered that you named a completely random number or low-balled yourself as a way to avoid offending the other person. In any case, that question has tripped up many of us—and it may come back to haunt us later on if we don’t know how to negotiate salary.
Before the offer.
Before you ever accept an offer for a new job, it’s important to do some research. You should know what the average salary range is for your particular industry, how much money you want to make and why.
For example: If you’re just starting out in your career, you might need more money than someone who has been working for 15 years (or longer). You’ll also have different goals—perhaps one of them is paying off student loans or taking care of children at home while their partner goes to work.
You may also want certain benefits like health insurance or flexible hours. Or maybe there are things at work that you don’t like but would still be willing to take on as part of a package deal—like long hours or travel away from home regularly—if they came with a higher salary or bonus structure that made up for those negatives?
Before you start to negotiate.
To negotiate salary for a new job offer, it’s important to know what you’re worth. You’ll first need to research the market and determine your fair market value in the role.
To do this, use a salary calculator to help you get an idea of what people with similar experience and education are making in that field. Then, you can use data from job postings or other sites such as Glassdoor to find out what employers are actually paying their employees with similar experience and education. If you have access to them, look at the salaries of people who work at companies where your friends work. Also consider asking friends who work at other companies how much they make—you may find that someone earns less than another person doing the same job (or more!).
During the negotiation.
The Next Step:
During the negotiation, you should be prepared to counter with a counteroffer. If your boss is asking for $60k and you’re making $55k at your current job, then this could be an opportunity for a raise for you. You can ask for more money by explaining some of the things on your resume that make them valuable (or any other reasons why they should pay more). Or if there’s something else that would be beneficial to their company and team (e.g., working extra hours or paying for relocation costs), then bring it up as well!
After the negotiation.
If you have not reached an agreement, try to keep the door open for future negotiations. If you are offered a job and do not accept, it is likely that the company will find someone else who is willing to take the job.
Also remember to be grateful for their offer as well as ask about next steps in the hiring process and when they expect to make their final decision. You may also want to ask them about benefits like health insurance or vacation time before accepting an offer of employment so that if there are any surprises later on down the road, at least they were discussed during this negotiation process (and hopefully resolved). Finally, don’t forget to ask about when your start date will be once everything has been agreed upon!
You can negotiate your salary, and you should ask for what you want.
The first thing to keep in mind when negotiating your pay is that the employer expects you to negotiate. They know that, for many people, this is the most stressful part of a new job offer. But if you don’t ask for what you want, then they may just assume that there was never any possibility of getting more money from them.
So ask! And don’t be afraid if they say no: at least now they know where your price range lies and will know how much effort it takes on their part to get closer to it. If they say yes straight away and go ahead with the paperwork—great! You’ve got yourself a new salary rate (and possibly some extra benefits or perks) without having spent too much time worrying about whether or not it was worth asking in the first place!
Regardless of how things work out with your negotiation, remember that if someone doesn’t want to pay what we think our services are worth then maybe they’re not right for us anyway—in which case it might not be worth continuing further down this road together.”
Conclusion
By implementing these strategies, you’ll be able to negotiate your salary and benefits package confidently, so that you can get the paycheck you deserve.