Tips to negotiate your salary

Posted by Fed Finance in Our employment advice
Posted at 04/02/2022
Tips to negotiate your salary

Ensuring you receive a fair value for your work is a basic right. Having the courage to talk about it will show you have negotiating skills and may even impress. Here are some key tips to improve your chances of being successful in negotiating your salary:

First and foremost

Don't negotiate during the first interview with your future employer. The first interview is about whether you like the job. The process is different with a recruitment company like Fed Finance: you can talk about it freely, as we won't be your employer in the end. Choosing the right moment is important. When you want to talk about salary, it's essential to understand the best time to do so.

Read also: How is the Portuguese recruitment market at the moment?

Take into consideration your hard and soft skills to evaluate your value

You can use some help from online resources like Glassdoor, pay studies, Portdata or LinkedIn to compare yourself. Research helps as there are many sites that indicate the average salary for various positions.

Try to analyse what other professionals in the same field, with a similar profile to yours and with the same years of experience earn. Understand how much your work is worth and how much your training and experience are worth to the employer. Make an honest self-assessment about your value or deserving of a raise. An employee who is ready to make clear how much they can offer the company can negotiate for sure. And never forget to talk about your professional achievements.

It's always a plus to speak to a recruitment consultant, as these professionals deal with salary negotiations daily and can best advise on how much you should ask for. Fed Finance specialises in temporary and permanent recruitment for positions in finance, accounting and management. Ask for help, contact one of our consultants.

Also read: 5 important soft skills for finance roles

Always think about the full package, not the remuneration solely

Consider additional benefits and incentives. Beyond salary, think about other aspects and benefits to consider: perks such as paying for transport or company car, parking allowances, gym and fitness fees, more holiday days, mentoring programs, paying for courses, flexible working hours, health plan upgrade or other health and welfare expenses, time bank, technology expenses, telecom package, etc. can be key perks

where you can save a lot of money. Be sure to explore these possibilities. Flexible benefits have increasingly been used in attracting and retaining talent.

Think broadly about the remuneration package. Negotiate benefits, as salary is not just about the amount we receive at the end of the month.

Read also: 6 tips to do before your interview with a recruiter.

Step by step before negotiation:

  • Choose the right time.
  • Make a record of where you have succeeded and contributed to the success of both your team and the company.
  • List your professional achievements. Impress with figures.
  • Keep everything in mind and well argued.
  • Study the market;
  • Do a self-assessment.
  • Know what it is worth negotiating over and above the base salary. What other benefits the company can offer.
  • Show confidence and stability;
  • Use a friendly tone;
  • Prepare the conversation.

Remember that you don't have to accept the first offer they make you. When the company's offer officially arrives, thank them and ask for time to evaluate it. It is safer to ask for the offer in writing. You can always make a counteroffer or arrange a new meeting.

Apply to our job offers and apply these tips.

Read also: Guide to managing stress before an interview