You just received a job offer for a new job, or you are itching for a raise at your current job, have no fear as tips and tricks for negotiating more money are here! While it can be very intimidating to ask for more money, there are ways to take the fear out of the process and increase your chance for success. Read below to find out what you are worth and how to negotiate your salary to ensure that you get paid what you deserve.
- Importance of Salary Negotiation
- Tips for Negotiating Your Salary
- Tools for Knowing What You Should Get Paid
- What to Say When Negotiating Your Salary
Importance of Salary Negotiation
- Get Rich Slowly urges people to negotiate their salaries and expertly details reasons why it is wise to negotiate
- Marquee Staffing reveals three reasons why negotiating your salary is important
- The article by Street Directory urges people to consider all the expenses when considering a new job/position and to take them into account, along with the “perks” of the job. When considering the entire package, it is essential for salary negotiation to occur, as detailed in the article.
- Forbes outlines the importance in salary negotiation and provides the startling figure that starting your first job with a $5,000 higher salary results in an additional $630,000 in earnings over your career. The key to negotiating your salary, according to Forbes, is to know your market worth.
- The Huffington Post details five reasons why you should always negotiate your salary whether you are starting your career or you are a long-time workforce veteran
- In attempting to provide 10 reasons NOT to negotiate your salary, Fearless Salary Negotiator convinces readers that it IS important to negotiate your salary. The article concludes that there are no valid reasons why someone should not negotiate their salary. The beauty of the piece is that the reasons why someone should not negotiate their salary that is provided are often the same fears that people echo in their mind which cause them to accept the company’s first offer.
Tips for Negotiating Your Salary
- Glass Door outlines for the five rules for salary negotiation whether for a new job or asking for a raise. The five rules include: don’t accept the first offer, don’t be the first to share a number, keep your emotions in check, remember to negotiate additional perks and find a balance between what you’re worth and what the employer can offer.
- The Harvard Business review provides six pieces of advice for negotiating your salary. The guidance includes: not naming a figure, doing your research, not accepting the first offer, playing hardball, as a woman not playing hardball (read the article for the details on how this works) and considering the overall package.
- Flex Jobs lays out some tips for negotiating a salary increase with your current employer. The tips provided will help you manage the conversation and increase your chances of success.
- This article by CNBC offers 4 tips for negotiating your salary when you don’t have any industry experience
- The Muse provides 37 tips for salary negotiation. The tips talk your through how to handle the four different stages of salary negotiation: getting prepped, starting the conversation, making the ask and getting an answer.
- While Women for Hire’s intended audience is obviously female, their article provides useful information for all genders on how to increase compensation by negotiating your salary. The material is thorough, detailed and will arm you with the tools for overcoming your fear of asking for more money.
- Go Banking Rates details 3 essential things to bring up during salary negotiations if you are unable to modify your base salary. While your base pay will still be the same your overall compensation will be higher if you negotiate your vacation time, tuition reimbursement and signing bonus.
Tools for Knowing What You Should Get Paid
- The Pay Scale salary calculator enables you to search based on your job title, city and state and years of work experience. You can then further specify your results depending on if you are evaluating the salary at your current job, a job offer or just exploring. The accompanying questions for each of the different categories are very detailed and do provide an excellent overview to see if you are getting paid fairly.
- Fairy God Boss provides 10 salary calculators to make it easy to negotiate your salary to ensure you get paid what you are worth. The tools consider your title, location, experience and other valuable. The ten tools are all phenomenal and can really help you see what you should expect to make for your job.
- Paychecks & Balances provide 7 tools for you to know your worth to prepare you successful salary negotiation or for a career change. The tools provided include: Pay Check City, ADP, Glass Door, Comparably, Smart Asset, Salary and Bank Rate. All of these tools enable you to know what companies pay for your position and to negotiate your salary effectively.
What to Say When Negotiating Your Salary
- US News provides the exact words to use when negotiating your salary with the hiring manager. To effectively negotiate your salary, you’ll need to do your research and know your worth but, this script will make the actual conversation much more comfortable.
- Well and Good detail exactly how to handle specific salary negotiation situations and precisely what to say. Their advice is both for negotiating new jobs as well as for raises at your current job.
- The Vault provides sample scripts to use during salary negotiation
- Fast company gives great phrases to include when negotiating your salary and those statements that you most definitely need to avoid
- I Hire provides sample email templates for salary negotiation
- Way Up details what to say and what not to say during negotiations for an entry-level position