3 Salary Negotiation Tactics! 💰
The Salary Negotiation Playbook
Friends,
Welcome back to weekly Snowflair
post! Today, we delve deeper into the captivating realm of the current job market and salary trends, we will bring you invaluable insights and actionable strategies.
In this article, we aim to equip you with the knowledge and expertise needed to navigate the competitive landscape and secure the salary you deserve!👏
The Current Job Market and Salary Trends..
According to Forbes “The job market has become tougher and more competitive for white-collar professionals. On a nearly daily basis, companies have announced significant layoffs. Since more people are hunting for jobs, the competition becomes more intense.” Let’s see some graph from Layoffs.fyi.. 👇
Indeed, the current job market is very competitive. Another sources we have found from U.S. BUREAU OF LABOR STATISTICS is that “The number of job openings decreased to 9.8 million on the last business day of May, the U.S. Bureau of Labor Statistics reported today. Over the month, the number of hires and total separations were little changed at 6.2 million and 5.9 million, respectively. Within separations, quits (4.0 million) increased, while layoffs and discharges (1.6 million) changed little. This release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector, by industry, and by establishment size class.”
So in today's competitive job market, do job seekers still have leverage in negotiations? Let’s delve into more 😊
3 Key Tactics for Salary Negotiation
Prior to share our strategies, we feel compelled to introduce a good article sourced from Glassdoor. According this this article, and drawing from its wisdom, we emphasize four fundamental negotiation skills that deserve your careful consideration: Aim high from the start, Persevere without settling too early, Know your true value, and never feel the need to apologize. These skills, once honed and embraced, can wield a profound impact on your ability to navigate the realm of salary negotiations successfully. 💪
One important notice about Pay Transparency from Snowflair team ⚠️ . According to CalMatters, The law states that any employer with “15 or more employees” must include “the pay scale for a position in any job posting.” The Labor Commissioner’s office, which is charged with enforcing this part of the law, has further guidance on its website about how it interprets this.” So, job seekers! It is highly advisable for all of you to carefully review the compensation range listed in the job posting! 👀
Now, let's direct our attention to another perspective. Building upon the insights offered by Glassdoor, we present to you 3 tactics meticulously crafted by the experts at Snowflair. These tactics serve as potent tools to empower you in your quest to negotiate a higher salary. ⬇️
Do your research!! This is a very important step. Prior to entering salary negotiations, it is vital to conduct comprehensive research to ascertain your market value. ✅ Take advantage of online resources and industry reports to gather information on salaries for similar roles. This knowledge equips you with the necessary insights to confidently negotiate a salary that accurately reflects your qualifications and experience. By being well-prepared, you increase your chances of achieving a successful outcome in your negotiations. Some good platforms to bench mark salary:
Be confident. Confidence is crucial during negotiations. Believe in your worth and express your desires without hesitation. Your confidence influences how others perceive you and increases the likelihood of being taken seriously. Be well-prepared, reflect on your achievements, and maintain a positive mindset throughout the process. By projecting confidence, you enhance your credibility and maximize your chances of a successful negotiation! 💪
Be prepared to walk away. Being prepared to walk away is crucial in negotiations. If the offer falls short of your expectations, be ready to take a stand. This demonstrates your commitment to obtaining a fair salary and shows the other party that you value your worth. Walking away establishes boundaries and encourages a reassessment of the offer, potentially leading to a more favorable outcome. HOWEVER, For H1B and OPT visa holders with time-sensitive visa concerns, it may be worth considering an alternative perspective. In some cases, accepting an offer with a lower initial salary but the potential for visa sponsorship can be a valuable trade-off. This approach allows you to prioritize securing the necessary visa status while keeping future salary negotiations in mind. Balancing visa requirements and long-term career prospects can lead to a beneficial outcome.🌟
Let’s summarize it!
In conclusion, negotiating a higher salary may be challenging, but it's worth the effort. Follow the tips from Snowflair to improve your chances of success :)
Please make sure embrace research, confidence, and preparedness. Be willing to walk away if needed.
Take control of your career and advocate for what you deserve! For anyone who is interested in having 1:1 chat, please make sure to email hello@snowflair.com and subscribed for further post from us!
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