Negotiating your salary is an important part of getting paid what you're worth. But it can be daunting, especially for women. In Australia, women still earn less than men on average, and this gap is even wider for women of colour.
However, there are a few things you can do to increase your chances of negotiating a successful salary. In this article, we'll discuss how to negotiate your salary and get paid what you're worth.
Do Your Research
The first step to negotiating your salary is to do your research. This means knowing what other people in your position with your experience level are earning. You can use online salary calculators and industry reports to get this information.
It's also important to understand your own value to your company. What skills and experience do you bring to the table? How have you contributed to the company's success? Knowing your worth will help you to negotiate from a position of strength.
Be Confident
One of the biggest challenges women face when negotiating salary is a lack of confidence. But it's important to remember that you deserve to be paid what you're worth. So before you start negotiating, take some time to boost your confidence.
One way to do this is to practice your negotiation skills. You could role-play with a friend or family member, or even record yourself and watch it back. This will help you to feel more comfortable and confident when you're actually negotiating.
Be Prepared to Walk Away
One of the most important things to remember when negotiating salary is that you're always prepared to walk away. This doesn't mean that you have to be aggressive or confrontational, but it does mean that you're not willing to settle for less than you're worth.
If the company isn't willing to meet your salary expectations, be prepared to end the negotiation and look for a job that will pay you what you're worth.
The Negotiation Process
Once you've done your research and you're feeling confident, it's time to start negotiating. Here are a few tips to help you get the best possible outcome:
- Start by asking for a salary that is higher than what you're willing to accept. This will give you some room to negotiate.
- Be prepared to justify your salary request. This means being able to articulate your skills, experience, and value to the company.
- Be willing to compromise. It's unlikely that you'll get everything you want, so be prepared to compromise on some things.
- Be professional and respectful. Even if the negotiation doesn't go your way, it's important to remain professional and respectful.
Negotiating your salary can be daunting, but it's important to remember that you deserve to be paid what you're worth. By following the tips, you can increase your chances of negotiating a successful salary.