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Are you looking to increase your earning potential? Or perhaps you are currently looking for new opportunities and want to make sure you have the tools and knowledge you need to negotiate the best salary for a new job. Salary negotiation skills are not something everyone has easy access to. But they can certainly be learned. Today’s blog will cover a variety of tips to help you improve your salary negotiation skills and make sure you’re getting the most out of your career. 

First, Know Your Value 

Knowing your value as an employee should be a cornerstone of your job search. It’s as important as having a quality resume or presenting yourself well in an interview. Do a thorough job of researching comparable jobs and salaries for other similar positions so that you know what salary range you should expect with a specific company. Solid examples and hard evidence are the best support you can provide to back up your request for a higher salary than what is being offered.  

Provide information such as your market value in addition to your quantifiable contributions to the company as a reference to your claim. A good tip is to connect with an HR professional or recruiter who can help you determine what similar positions are paying. Those industry averages and market demand are high selling points for your value and will help support your negotiations.  

Always Remain Professional 

Emotion and personal reasons for wanting more money should not factor into salary negotiations. Whether you deserve a raise is determined by hard facts, your market value, company performance, and the quality of your work. Present your case for a higher salary in a rational and supported manner. If you are denied the raise you want, try not to show your disappointment. Take it as an opportunity to prepare for future salary negotiations by asking for feedback on how you can better provide your services such that you are able to meet your salary goals in the future. Take notes and deliver on improving your work product.  

Research Your Company 

Another factor that weighs heavily on the success of your salary negotiations is the financial stability of the company. Financial data for publicly traded companies is often available to those willing to do their homework. Other indicators include an increase in new hires, expansion or opening of new offices, and other signs of growth. These performance indicators are important for you to recognize. Because if revenue goals are not being met, salary negotiations can be more difficult.   

Expand Your Earnings 

Think about your overall compensation when negotiating a salary. In many cases where actual take-home pay is firm, other benefits are negotiable. That can include extra vacation days, flexible work schedules, or performance-based bonuses. Don’t limit yourself to just focusing on your base salary. Be sure to include all elements of your compensation when negotiating your earnings. 

For more help building your career, connect with the recruiting team at Williams Industrial today.   

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