Determining Your Worth for a Salary Negotiation
Whether it’s time for your annual raise or a performance meeting where you’re hoping to discuss the prospects of your salary, the mere thought of negotiation can often send us into a state of panic.
While for some people, a salary negotiation brings all their self-esteem issues to life and shines a bright light on their shortcomings; for others, it may awaken the pride monster than resides within them.
Either way, salary negotiation is a daunting task—especially because it entails excessive self-reflection as well as critiquing your work. So if you foresee a salary negotiation soon for your job, here are a few tips and tricks that can help you out!
Assess your skillset
This is the first step toward determining your self-worth for salary negotiation.
No matter what your line of work is you must take into account all the milestones you’ve achieved or the pitfalls you’ve experienced at your current role in the workplace—whether you managed a huge team successfully or drove a project into the ground, you must take note of all that you’ve done over a specific period to account for your skillset.
Not only will this help you determine how valuable you are to the company, but it will also help you understand your own skills and shortcomings.
Know what you’re up against
Since employees don’t have access to the salary structure of the employers, there’s a huge information imbalance that gives rise to a lot of baseless and harmful speculation. Often, employees get their hopes up and end up getting disappointed.
To avoid these circumstances, you should figure out the market value of your job. Ask your fellow employees to inquire about their past salary raises or ask on online forums to find out what the average salary for your job in the market is.
Reach out to recruiters
Talking to the people in your network and your employees may give you a vague idea about what to expect at salary negotiation, but if you’re looking for candor and some cold, hard truth, recruiters are the ones you should be getting in touch with.
Not only will recruiters have professional knowledge about the salaries in your industry, but they will also tell you about other job opportunities in the market. This information will give you a little leverage during the salary negotiation—helping you tip the scales in your favor.
Now that you have all these tips to help you out, we wish you good luck with your salary negotiation! And if you’re looking for fire and water restoration jobs or insurance restoration jobs, get in touch with one of the leading recruiting services in Pasadena!
Posted by: Mitchell Riley
OPS Staffing | + 1 (888) 482-6019