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Switching jobs can boost your salary if done right. Research market trends, avoid disclosing current salary early, highlight achievements, time negotiations well, and consider the full package.
Boost your salary by switching jobs wisely. (Representative Image/ Getty)
Job switching can be a golden opportunity to boost your salary—if you play your cards right. Whether you’re looking for a better work environment, more challenging roles, or simply a bigger paycheck, making the right decisions at the right time is important during a job switch. Here are some master tips to help you secure a better salary during negotiations.
Know Your Worth
Before you tell your salary expectations to the recruiter or step into salary negotiations, research the current market trends for your role, experience, and location. Platforms like LinkedIn Salary Insights can give you a ballpark figure of what professionals in your domain are earning. Knowing your market value gives you a strong point to negotiate a good annual salary package.
Don’t Disclose Your Current Salary Too Early
Try to avoid revealing your current salary during initial interviews. Instead, steer the conversation toward your salary expectations based on market rates and the value you bring to the table. This shifts the focus from what you’re currently making to what you’re truly worth.
Highlight Your Achievements
When pitching yourself, don’t just list your job duties—focus on results. Quantify your achievements (e.g., increased sales by 30% or managed to deliver the project a week before the deadline). Employers are more likely to offer good salaries to those candidates who have proven performance.
Master The Timing
Salary discussions are best held after you’ve demonstrated your value—typically after the final interview or once you receive an offer. Jumping into negotiations too early might send the wrong signal.
Be Ready To Walk Away
Sometimes, turning down an offer is a step toward finding the right one. If the offer doesn’t meet your expectations or industry standards, and there’s no room for negotiation, be prepared to walk away. In this context, confidence is the key.
Consider The Full Package
Salary is important, but don’t ignore benefits like health insurance, bonuses, remote work options, learning opportunities, and growth prospects. A slightly lower salary with excellent perks might still be a great deal.
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