How to negotiate your salary like a girl boss

Stepping into the corporate world can be a daunting experience, especially for those embarking on a new career path. The uncertainty and unfamiliarity of this environment often bring up hesitations, insecurities, and a lack of confidence, particularly when negotiating compensation with HR. For those who struggle with people-pleasing, the apprehension surrounding these discussions can be overwhelming. This desire to avoid conflict and gain approval can make it exceptionally difficult to assertively advocate for fair and equitable compensation, leading to potential long-term impacts on career satisfaction and financial well-being.

But even though it is difficult, you can still sail through and grab onto the opportunity of what you deserve. Here’s how.

Before entering a negotiation, make sure to do your homework. Be absolutely clear about what you need and what you deserve. Knowledge is power in the real world, so the more you know, the more confident you will feel, and the better you will be able to negotiate. Begin by researching the salary ranges for your position—understand the market value, and know the average rates for your role.

Set an aspiration price, which is the dream number or the best-case scenario you’re aiming for. It’s okay to dream big. They might say no but at least you’ll be able to negotiate a substantial rate from there.

Set a limit

Have you ever gone window shopping and stumbled upon a dress you just had to have? You might've felt compelled to buy it but the price tag made it an impossible dream. Well, this is where reservation price comes in. The reservation price is the maximum cost you’re willing to spend on something. It’s like your personal walk-away number. If the shopkeeper doesn’t budge on the price, you simply thank them and move on to the next shop. In the corporate world, your reservation price becomes the lowest salary or compensation package you’re willing to accept or settle for. Knowing your reservation price helps you stay grounded and ensures you don’t settle for anything less than what you deserve. It’s your safety net, so make sure you’re clear about it and stick to it.

Have a BATNA! 

BATNA stands for “Best Alternative To a Negotiated Agreement” or in simpler words, a plan B. It is all about knowing your options in case things don’t go your way. Knowing your BATNA gives you the confidence to walk away if the terms aren’t favourable. It’s essential to have a rock-solid alternative in mind, so you never feel pressured to accept a bad deal. So be sure to do your research well in advance and have other opportunities, so you are covered. 

Don’t hesitate when negotiating

Hesitation can make it seem like you are unsure, which highlights your lack of confidence. And, nobody wants a person with self-doubt. When you know what you want, go for it! Speak clearly and assertively. Your confidence will show that you mean business and are not afraid to ask for what you deserve.

Don't forget about your perks

When negotiating your job offer, think beyond just the salary! Consider asking for additional perks that can significantly enhance your work-life balance. Flexible working hours, work-from-home days, and extra vacation days can provide you with the freedom and flexibility you need to recharge and enjoy life outside of work. You could spend a few days working from the comfort of your home or even take a well-deserved break and hit the beaches of Bali. These benefits can contribute to your overall job satisfaction and well-being, making your professional life more fulfilling and enjoyable.

Be honest and humble

Confidence is key, but don’t be afraid to acknowledge your growth potential. Express your eagerness to learn and take on new challenges. This humility shows you’re invested in the long game, not just a quick win.

 

Confidence is key, but it’s equally important to recognise and acknowledge your growth potential. By expressing a genuine eagerness to learn and tackle new challenges, you demonstrate a willingness to develop and adapt. This humility signals a commitment to long-term success and continuous improvement, rather than immediate, short-term gains. It shows that you’re dedicated to evolving both personally and professionally, which is a valuable trait in any endeavour.

Lead image credit: Pexels

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