Salary negotiation is important. Failing to successfully negotiate can place unnecessary financial burdens on yourself and/or your family.
One of the most important steps of salary negotiation is considering your qualifications compared to the job’s requirements. Things such as years of experience, education level, skills, and licenses can constitute a larger salary. If you exceed their experience expectations, you should consider requesting a higher offer.
After you have assessed your qualifications, researching the average salary of the position is the next step. Take into account the location of the job, other options, and national average salary for the position. The salary you receive may determine what you get paid in the future. When interviewing for a new company, they may ask what your last salary was as an assessment to gauge how high (or low) your pay bar is.
Next comes the actual negotiation. Provide evidence as to why you feel that you should be paid more. Include your past experience, the goals you have achieved in previous positions, the skills and certifications you possess, the average salary of the position, and the amount other companies are offering for the same work. Know your minimum salary: employers may try to lowball your offer but maintain your minimum salary. It’s also recommended that you start with the upper range. An example of this would be: “I am looking to make $80,000 but am willing to take an offer of $70,000 if the work environment is preferable.”
After negotiations, request some time to consider the offer. Consider everything the company is offering, not just salary. They may offer insurance, commissions, flexible work schedules, etc. that may be more appealing than the pay itself. Salary negotiation is very important because it can influence your future pay, job satisfaction, and compensate you for your skills.
https://dol.ny.gov/salary-negotiation-guide
https://www.indeed.com/career-advice/pay-salary/how-to-negotiate-salary
