How to Negotiate Your Salary to Increase it 30%+!, by Self Made Millennial on YouTube. 14 min 37 s.
- Video length
- 14 min 37 s
- Time to do it
- 1 week
- Difficulty
- Medium
- Steps
- 8
What you need
Steps
Research the going rate for the role in your city. Check salary sites, recent job postings and talk to people in similar jobs. Write down a range, a target number and the lowest number you would accept.
Avoid naming a number early. If an application form demands salary requirements, write negotiable or give a wide range built from your research rather than one exact figure.
In the interview, ask about the budgeted range for the role before you answer. If they insist, give your researched range and put your target near the bottom of it.
Wait for the written offer before you negotiate. Thank them for it and ask for 24 to 48 hours to review the full package, including bonus and benefits.
Make one clear counter. Say your number, then give two or three reasons based on the scope of the role, market data and results you have delivered.
Use a calm script, such as: I am excited about the role. Based on my research and experience, I was expecting closer to X. Is that something you can do?
Ask for more than base pay if the salary is capped. Try a signing bonus, an earlier start date, extra holiday, a higher title or a pay review after six months.
Get the final offer in writing and check the salary, start date and benefits before you resign from your current job.
Tips and common mistakes
Negotiate politely once or twice, since repeated rounds of haggling can sour an offer you actually want.
Never inflate your current salary, because employers can verify it and it damages trust.
If they say the budget is fixed, ask for a signing bonus or an early review instead of pushing the same number.
Practise your script out loud so your number sounds calm and ordinary rather than apologetic.
Questions
Can I renegotiate after I already gave a number?
Yes. Tell them your research changed your view, then give the new range and the reasons behind it. Do this before you accept in writing.
What if the company withdraws the offer when I negotiate?
That is rare when your ask is polite and backed by market data. Ask for the range in writing first and keep your counter within what the research supports.
How much more should I ask for?
Ask for a figure a little above the offer, then justify it with market data and the results you bring. A bigger jump needs stronger evidence.
This guide was drafted from the video's details and general task knowledge. It has not been checked against the full video. Check the video and relevant product instructions before following a procedure. Report a correction.
