Negotiating a Salary or Raise That Matches Your Talents
The advice provided is a solid guide for evaluating your worth in the job market and preparing for salary negotiations. Here's a breakdown of the key points: Self-Assessment Experience: Reflect on your work history, accomplishments, and how your experience has benefited previous employers. Skills: Critically analyze your skills against industry standards for your desired role. Update your skillset and consider certifications to enhance your value. Being ahead or on trend can ensure you are
The advice provided is a solid guide for evaluating your worth in the job market and preparing for salary negotiations. Here's a breakdown of the key points:
Self-Assessment
Experience: Reflect on your work history, accomplishments, and how your experience has benefited previous employers.
Skills: Critically analyze your skills against industry standards for your desired role. Update your skillset and consider certifications to enhance your value. Being ahead or on trend can ensure you are paid at or above market value.
Market Research
Company Size & Sector: Salaries can vary depending on the company's size and industry. Factor this in during your research. Startups have the potential to lead to much higher compensation, but at a much higher risk.
Salary Benchmarks: Research typical salaries for your role, experience level, and location. Salary comparison websites and industry reports can be helpful resources. Location especially plays a significant role in the cost of living and thus expected wage.
Network for Insights
Talk to Colleagues and Mentors: Connect with people in your field to gain insights on current salary trends and negotiation strategies. This can be a private question to ask, but can help you ensure you’re asking a reasonable amount based on the experiences of those around you.
Negotiation Strategy
Listen and Adapt: Be prepared to adjust your approach during the conversation but stay firm on your value.
Focus on Market Value: Frame your desired salary range based on your skills, experience, and market research.
Confidence is Key: Do your research and be confident in the value you bring. Avoid justifying your salary with personal reasons. Good feelings can’t compare to a solid bottom line.
Additional Tips
Prepare for Silence: Don't be afraid of an awkward pause after stating your salary range. Let the employer respond.
Don't Undersell Yourself: While acknowledging the role-specific nature of skills, highlight your ability to adapt and evolve.
By following these steps, you can approach salary negotiations with a strong understanding of your worth and the confidence to secure a competitive compensation package.
About HeyDevs
HeyDevs is a revolutionary new platform that empowers developers to take control of their careers, connect with other developers and find job opportunities that align with their goals and interests, without ever needing to apply for a single job! With HeyDevs, companies compete for you, not the other way around.
For developers, HeyDevs offers invaluable resources including our specialized swipe-to-work function, anonymous profile, CV builder, and customizable search criteria, with the ability to connect and chat with prospective employers completely on-site.
For businesses, HeyDevs offers tools to maximize the recruitment process, saving time and money, with a talent pipeline that streamlines a majority of the hiring process directly on the platform, eliminating the need for recruiters or headhunters so the hiring process can be handled with HeyDevs as the only medium between employer and candidate, all powered by smart matching to ensure the most relevant matches are provided first. HeyDevs is a truly unbiased hiring platform, delivering a diverse pool of talent that hides information such as avatar, age, and gender, focusing solely on experience and skill, paving the way for a more inclusive workplace.