Negotiating a Salary With Confidence

One of the most stressful parts of applying for a new job is deciding how much you'll earn. This is the last thing anyone wants to do when starting a new career. For people who already have a job, this also applies to them.

How do you approach the negotiation of your next pay raise? According to Kyle Elliott, a career coach in Silicon Valley, building confidence takes practice and time. He has worked with clients who landed positions at companies such as Amazon, Google, LinkedIn, and Facebook.

Although you may feel less confident about your current situation, it's important to remember that you have the power to negotiate the salary of your new position.

Despite the positive signs that younger workers have shown in their ability to negotiate, improving your technique is still important.

What are You Worth?

Before you start negotiating, you must know what the market will pay for your position. You can do this by visiting job sites such as Payscale.com and Indeed.com. These sites will allow you to see the average salary for people with the same skills and experience.

Where Do You Live?

Another factor you should consider is the cost of living in a big city. If you're in San Francisco and are looking for a new job, you can turn to various websites such as Reddit, Built in San Francisco, and Blind.

According to Elliott, the pay differentials that companies are implementing are changing due to the increasing number of remote-friendly cultures. Some pay is being determined based on the location of the company's headquarters.

Know What You're Getting Into

Make sure you have a good understanding of your current position and the company's working conditions. This will allow you to avoid having any issues with the salary request. One of the most common mistakes people make during a salary negotiation is disclosing their past salary. It's not relevant.

Extra Advice

According to Elliott, pay goes beyond your base salary. If the company cannot meet your expectations, ask for an extension of your contract or a sign-on bonus. This will allow you to make up the difference between the offer and your desired salary.

You should be willing to accept a salary that aligns with your market value. If you want to be successful, you need to feel like you're being fairly compensated.