How to Negotiate Your Salary (Script Included)
You’ve done it — after countless informational interviews, phone calls with recruiters, and interviews with hiring managers, you finally received an offer for your dream job.
But before you accept it, you need to know how to negotiate your salary.
Being able to negotiate now effectively won’t just affect the next year or two of your life. Instead, it will create a snowball effect that could result in significant losses.
However, negotiation can feel awkward and intimidating, mainly if you’ve never done it. Here, we will explore how to negotiate a salary to ensure you receive what you deserve.
How to Negotiate Salary: 15 Steps
How to Negotiate Salary: Sample Script
How to Negotiate Salary: 15 Steps
Whether you need to negotiate your salary in person or over the phone, the following tips will mainly apply to either situation.
However, avoid negotiating over email.
A HubSpot tech recruiter, Olivia Chin says, “I usually strongly prefer phone or in-person over email or writing because there’s a benefit to on-the-fly adjustments and questions — it makes for a more fluid conversation.”
Take a look at the following tips and the sample script to learn how to negotiate your salary.
1. Do your research.
First, research the salary range for the type of role you’re offered.
Ensure you know how much you can earn on the job market by considering all compensation factors, including industry, experience level, and location.
While many companies are remote or location-flexible, the cost of living is still a factor that can influence your salary. You must also ensure you’re researching salary in the correct industry.
A social media manager for a non-profit will have a different salary range than a social media manager at a major software company, so you must focus on the salary range for roles in the correct industry.
Additionally, look for information regarding salaries at your new employer. Use sites like Glassdoor to understand what people in your role or similar roles are making at the company.
Pro tip: You want to convey to your employer that your data is grounded in reality. Begin each statement by saying, “Based on my research… ” so the employer knows you’re not just asking for a higher salary for the sake of it.
2. Understand your value.
To successfully negotiate your salary, you must come to the meeting prepared with various business-related reasons you’re worth a certain amount.
You must seriously weigh the worth of the skills and experiences you bring to the table to emphasize them during the negotiation.
As career coach Brittany Hayles shares in the video below, “Sell your value, not your expectations.”
Hayles suggests that “at the end of the day, [the employer is] a business and two things are top of mind for them: profit and saving resources.
The best way to sell your value when negotiating your salary is to tell them how your being hired will save them money or resources.”
Listen to more …read more
Source:: HubSpot Blog
