Business

A Comprehensive Guide To Negotiating Your Salary

Although it’s not everyone’s favorite thing to do, negotiating your salary is crucial to your professional development and financial security. Successful salary negotiation (ต่อ รอง เงินเดือน, which is the term in Thai) can hugely impact your income, whether you’re starting a new career or looking for a raise or promotion.

How To Negotiate A Salary?

Research

Before beginning a pay negotiation, it is in your best interest to do some background research and get ready. Determine what comparable positions in your area are paying by researching wage ranges and requirements. Salary information can be found on sites like Glassdoor, Payscale, and LinkedIn’s Salary Insights.

Decide Your Range

Decide on a goal pay range based on what you’ve learned from your investigation. Set your acceptable minimum wage, desired salary, and more ambitious goal. Having a firm range in mind will allow you to bargain with confidence and agility.

Put Your Best Foot Forward

Create a resume that highlights your experience, qualifications, and accomplishments that make you an asset to the firm. Highlight how your skills will directly impact the company’s success. Get concrete evidence ready to back up your assertions and prove your value proposition.

Critical Factor

Find a good time to have the talks about the negotiation. Salary negotiations are best held after an offer has been accepted, during performance reviews, or after reaching major career milestones. Make sure you’re getting along well with your boss and know what you’re supposed to be doing and how the company likes to have it done.

Be Confident

Prepare a convincing pitch that highlights your worth and explains why you deserve the compensation you’re asking for. If you want to sound convincing and get your point through, practicing ahead of time is essential. Be ready to answer any questions or concerns that may arise.

Think About Your Entire Paycheck

Wage is just one part of your overall pay. Don’t forget about perks like bonuses, stock options, paid time off, retirement programs, and health care coverage. Consider the entire offering and negotiate until you find a price and terms that work for you.

Don’t Make A Hasty Call

Request Additional Time to Think Over Any Offers You May Have Received. Reiterate your enthusiasm for the role and thanks for the interview. Before making a final choice, take into account the whole deal, company’s culture, its potential for growth, and its long-term prospects.

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