Have you been presented with a job offer? Congratulations! This is probably a very exciting time in your life. But before you sign that employment contract and accept the offer, there’s something important you may need to do: negotiate your salary. Many people are afraid to negotiate their salary, but it’s important to remember that the employer already thinks you’re worth the amount they’re offering. So don’t be afraid to ask for more if you know the going rate for the position is higher than their offer. Below, we’ll discuss how to negotiate your salary and get the best offer possible from your new potential employer.
1. Know Your Worth
The first step is to research the going rate for your new job position in the market. It will give you a baseline number to work with when negotiating a fair salary. It is also important to determine what you need to live on and what you would like to have to be comfortable. Once you have these numbers in mind, it is time to negotiate.
Be ready to go back and forth a few times before agreeing to a final offer. Stand your ground and do not accept anything less than what you deserve and what the position is entitled to.
2. Do Not Give in Too Easily
When it comes to negotiating salary for a new job offer, many future employees may feel like they are at a disadvantage. After all, the company holds all the cards, and they know the budget they have set for the position and how much money they are able to offer. Don’t be afraid to ask for more compensation if you feel the initial offer is too low for the position. They need your talent, which is why you received an offer in the first place. At this point of the process, you determine whether to accept the offer as-is or negotiate higher pay.
3. Do Not Be Afraid to Walk Away
If the employer is not willing to meet your compensation needs, then do not be afraid to walk away. You should not settle for less than you can afford and what is fair pay for the job. If the employer is not willing to meet your demands, then it is probably not worth your time to work for them. It is better to walk away and find a company willing to pay you what you deserve than to settle for less. Due to the current job market demand for employees, it’s the perfect time to look for a position that suits your needs and offers proper pay. However, even though it is an employee-centric marketplace now, don’t oversell your skills and capabilities and try to negotiate more than you are worth. When things turn, the expensive employees and potentially those that are not fulfilling their roles will be the first to go.
4. Be Ready to Compromise
In any negotiation, it is essential to be prepared to compromise. There may be some areas where you are willing to accept less than you initially asked for. However, there should also be areas where you are not willing to compromise. For example, if the employer offers you a lower salary but is willing to give you more time off or a work-from-home setup, you may want to consider that offer. Remember, the goal is to get the best deal possible. So, if needed be ready to compromise on certain things for other perks.
Salary negotiations for a new job may be something to consider before accepting an offer from a potential employer. As a reminder, make sure to research the going rate for your position in your local area and then start negotiating.
Get In Touch
Need career coaching support or to get more salary negotiating tips? Contact Tammy Klein by calling (305) 775-5640 or e-mail: [email protected]