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Whether switching jobs or getting promoted within the same organization, it’s important to ask for fair compensation that reflects your value. Employers often expect negotiation, but the key is to approach strategically.
To confidently navigate salary discussions and secure a better package in your mid-career years, here 5 strategies to keep in mind.
1. First, research the market trends – Before entering salary negotiations, it’s essential to equip yourself with relevant data and let the numbers do the talking. Research market salary standards for your role, location, industry, and experience using platforms like Glassdoor and LinkedIn Salary Insights. Besides online tools, connect with industry peers or recruiters to get real-world insights into pay structures. Having concrete evidence to support your request not only strengthens your case but also demonstrates that you know market dynamics, making your negotiations more justified.
2. Highlight your contribution, but use metrics – Employers don’t pay for the number of years you have worked – they pay for the impact you have made and the value you bring in the future. Prepare a compelling case by highlighting your skills, expertise, and achievements. Most importantly, use quantifiable results wherever possible. For instance, instead of saying you improved social media engagement, specify: