A wage negotiation, what exactly is it?
A salary negotiation is more than simply a conversation about salary. It is a strategic move that starts with good preparation and showing your worth. We would like to help you get started with tips for the salary conversation.
5 tips for a salary negotiation
- Tip 1: prepare for your pay interview
- Tip 2: choose the right timing
- Tip 3: use your portfolio
- Tip 4: consider fringe benefits
- Tip 5: Be prepared for "no"
Tip 1: prepare for your pay interview
Know what your work is worth. Research market-based salaries for your position and experience through platforms such as Glassdoor, Jobat or through your recruiter. Current job postings can also be useful to spot comparable salaries. This will help you formulate a well-argued and realistic proposal.
Tip 2: choose the right timing
Timing is crucial. Schedule your interview after a moment of success, such as a positive evaluation or a completed project. Avoid periods when the company is less receptive, such as during busy times or economic uncertainty.
Tip 3: use your portfolio
Show what you add to the company. Think concrete figures, such as increased turnover, more efficient processes or achieved targets. Qualitative contributions, such as customer satisfaction and teamwork, are also valuable.
Tip 4: consider fringe benefits
Sometimes a direct pay rise is not possible. In that case, negotiate additional benefits, such as more holidays, a mobility budget, training opportunities or home working options.
Tip 5: Be prepared for "no"
Your request may be rejected. Do not be discouraged by this. Ask for constructive feedback and make clear agreements on what you can do to get a raise in the future.
How much storage demand after 1 year?
After a year on the job, it is reasonable - depending on your performance and the sector - to consider a pay rise of 5 to 10%. Have you delivered clear added value, taken on extra responsibilities or achieved exceptional results? Then you may be ambitious within that fork. Just make sure you back up your salary proposal with facts and comparisons from the market.
In doubt? Our experts are ready to support you with advice for your interview on salary, insight into the job market and tips that will make you stronger in your career.
