Yanely Espinal, Bradley T. Klontz, Psy.D., CFP, and Kamila Elliott, CFP Offer Insights on Salary Negotiation
Tuesday, 15 October 2024, 14:52
Strategies for Effective Salary Negotiation
In order to secure optimal salary outcomes, professionals must understand the dynamics at play during negotiation processes. Here, we discuss essential tactics.
Research and Preparation
- Know your worth by researching market salaries for your role.
- Prepare your accomplishments in a quantifiable manner.
- Rehearse your propositions and anticipated responses.
During the Negotiation
- Start with a confident opening statement based on your research.
- Listen actively to the employer's needs and concerns.
- Be ready to negotiate beyond base salary, considering other benefits.
b>Closing the Deal: Once you reach an agreement, ensure all terms are documented clearly.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.