Nobody likes asking for more money. It’s awkward, it’s uncomfortable, and it can sometimes even feel downright greedy. But if you want to earn what you’re worth, salary negotiation is a must. With a little bit of preparation and know-how, you can ace your next salary negotiation and walk away with the pay bump you deserve. Here’s what you need to know.
1. Do your research
Before you even begin negotiating your salary, it’s important that you have a good idea of what others in your field are making. Use sites like Glassdoor and PayScale to get an idea of the average salary for your position in your area. This research will help ensure that you’re not shooting too high (or low) when requesting a salary increase.
2. Know your value
In addition to knowing the average salary for your position, it’s also important to know your own personal value to the company. What unique skills and experience do you bring to the table? How much would it cost the company to replace you? Answering these questions will help give you a better idea of how much negotiating power you really have.
3. Make the first move
Traditionally, it’s been considered taboo for women to initiate salary negotiations. But times are changing, and now is the time for women to start asking for what they’re worth. If you don’t ask, you definitely won’t get it—so go ahead and make the first move. It may feel uncomfortable at first, but trust us, it’ll be worth it in the end.
4. Be prepared to walk away
If your employer doesn’t seem open to negotiating, don’t be afraid to take your talents elsewhere. There is plenty of Fish in the sea—er, jobs in the job market—so don’t waste your time trying to negotiate with someone who isn’t budging. There are plenty of other opportunities out there that would be more than happy to have you on board—and pay you what you’re worth. So if push comes to shove, be prepared to walk away from the negotiating table.
Negotiating your salary can be a daunting task—but it doesn’t have to be. With a little bit of preparation and know-how, you can confidently ask for the pay bump you deserve. Just remember to do your research beforehand, know your value, make the first move, and be prepared to walk away if necessary. Follow these tips and you’ll be well on your way to negotiating like a pro!