Here's how you can get ready for a salary negotiation.

Reserach the market and industry, you can salary guides published each year by various companies, always have one handy. I keep the Hays report. Know your worth and non-negotiable figure. Make sure you bring up the topic to discuss. Practice your pitch with a friend or a coach before you do the actual conversation. It should flow well and should sound confident. Also be open to negotiations and see whats on offer, ex. at times salary cant be increased but might get flex hours or esops or upskill/training/course....so be open.

Take time to research the typical compensation for your position, considering your experience, education, and geographic location. Reflect on your accomplishments and how they have contributed to your employer's success. This self-evaluation not only boosts your confidence but also provides solid evidence to substantiate your salary request during the negotiation. Personally, I've found that knowing my professional value and being prepared with data has been instrumental in successful salary discussions. By arming yourself with this knowledge, you can confidently articulate your worth and negotiate a salary that reflects your contributions and expertise.

Before discussing numbers, it's crucial to understand your worth in the job market. One time at work, I researched average salaries for my role, factoring in my experience, education, and location. In my experience, reflecting on achievements and their benefits to the company is essential. This self-assessment bolsters confidence and provides concrete evidence to support your request during negotiations. One thing I've found helpful is having this data ready to ensure a fair and well-supported salary discussion.

- Looking up industry standards and salary ranges for my position - Using online resources like Glassdoor, Payscale, and LinkedIn to determine a fair salary range - Keeping a record of my achievements, successes, and contributions to the company - Preparing specific examples of how my work has positively impacted the company - Clearly defining my salary goals and expectations - Considering factors like cost of living, industry standards, and personal financial needs - Collecting proof of my qualifications, skills, and experience - Preparing any relevant certificates, diplomas, or references - Scheduling a meeting with my supervisor or HR representative

Consider Total Compensation: Salary is just one part of the compensation package. Benefits, bonuses, stock options, and other perks can also be negotiable. Practice Your Pitch: Prepare to confidently explain why you deserve the salary you're requesting. Highlight your accomplishments and skills that are relevant to the position. Anticipate Counteroffers: Be ready for different scenarios, such as a lower salary offer or alternative benefits. Decide in advance what compromises you are willing to make. Timing Matters: Ideally, negotiate after you have received a job offer, but before you accept it. This shows you are genuinely interested in the position but want to ensure fair compensation.

Keep abreast of the latest trends impacting your field and the demand for professionals with your skill set. This knowledge empowers you with valuable insights and strengthens your position when discussing salary. If your expertise is in high demand, you can leverage this information to justify a higher compensation package. Personally, I've found that being aware of market trends has been pivotal in setting realistic salary expectations and advocating effectively during negotiations. By staying informed and understanding the value of your skills in the current market landscape, you can approach salary discussions confidently and strategically. Personally, I love and developed a mindset of Abondance & Plenty 💫

Look for annual or quarterly reports from industry associations, consultancy firms, and market analysts.If you're in IT, resources like Gartner, IDC, and Forrester provide detailed insights into market trends and salary benchmarks.

Absolutely, market trends significantly influence salary. Here’s how: When there’s high demand for specific skillset eg AI , and limited pool of qualified candidate, salaries tend to rise to attract top talent. Conversely when there are more job seekers than opening, employees may have more leverage to offer less salary. Staying updated on industry trend can help you identify areas with high earning potential.

Set a goal of what you want to discuss at the meeting you will be requesting a raise. Discuss and show your gratitude to the company and boss. Accomplishments you have completed and goal for future accomplishments and growth, and that you are ready and eager to take on new or more responsibility. Have it written down on a doc to show as proof and that you are coming prepared, not coming and winging it or with entitled attitude. Also, do research on the industry salaries and job requirements.

An easy way to help you define your goals, is to evaluate a gap analysis and create S.M.A.R.T. goals to set attainable short and long-term milestones.

Based on your industry, role, experience, and location, identify a realistic salary range.Determine the minimum salary and benefits you need to accept the offer, considering your financial needs and market standards. List additional benefits that are important to you, such as flexible working hours, remote work options, professional development opportunities, and bonuses. Example: In addition to your base salary, you might prioritise receiving stock options or additional paid time off.

Stay Professional and Positive: Negotiations should be a collaborative discussion, not adversarial. Maintain a respectful tone and focus on finding a mutually beneficial solution. Follow Up in Writing: Once you reach an agreement, make sure to get the final offer in writing. This helps prevent misunderstandings later on. Be Prepared to Walk Away: While you want the job, it's important to know your bottom line. If the offer doesn't meet your financial needs or career goals, be prepared to decline and explore other opportunities. By preparing thoroughly and approaching negotiations strategically, you'll be in a strong position to secure a salary that reflects your worth and contributions. Good luck!

One thing I've found that helpful is having the session in the morning while everyone is fresh and full of energy. Having clear number in your mind is important as well. In case you don't have information enough to set the clear number, you can set the range.

Frame your request around the value you bring to the company not your personal financial need. Be confident in your communication and articulate your value proposition, highlight your accomplishment that benefit the company.

Consider the company’s size, financial health, and typical compensation packages to ensure your goals are attainable.Practice maintaining composure and adapting your strategy based on new information or changes in the negotiation dynamics. Example: Role-play scenarios where unexpected challenges arise to practice thinking on your feet.

O momento que considero ideal para uma negociação salarial, é quando recebemos uma oferta de trabalho ou pelo seu trabalho, pois a empresa já demonstrou interesse em você ou no seu trabalho. Em outras considerações após avaliação de desempenho, apresentação do seu conteúdo.

Nos detelhes final sempre devemos manter a postura aberta, positiva e profissional. Realizar uma análise de todo conteúdo que foi abordado durante a negociação e verificar se há possibilidade de acrecentar mais informações vividas ou adquiridas que são relavantes para confirmar que o valor proposto é aceitável.

Having been on both sides of the negotiation, I can say knowing market trends and practicing your speech is very important. This will the guidelines for your target salary. However I would add 2 things. 1. Knowing your history in the organization and being ready to tell your story will help, for example if you were promised growth previously if you achieved your goals recently if you exceeded them and under which circumstances. 2. Understanding the timing within the organization, consider if the financial performance of the company is good, or if there have been recent layoffs. This will help to know the right time to approach the conversation

Para negociar tu próximo salario con confianza. Primero, investiga el rango salarial para tu puesto y experiencia en el mercado laboral actual. Esto te dará una base sólida y te ayudará a establecer expectativas realistas. Luego, evalúa tus logros y habilidades destacadas, y prepárate para presentarlos con ejemplos concretos que demuestren tu valor para la empresa. Practica tus habilidades de comunicación y negociación, asegurándote de mantener una actitud positiva y asertiva durante la conversación. Finalmente, considera tus necesidades y prioridades personales, y ten claro tu límite mínimo para aceptar la oferta. Asi podras aumentar tus posibilidades de obtener un salario acorde a tu valor y contribuciones.