Tips to Negotiate Your Salary at a Tech Company

By Elita TorresBusiness, Career, PERSONAL DEVELOPMENT
Obstacles Senior Executives Must Overcome when Changing Career When we talk about people facing a career change, we mostly think about younger people who have realized that their current careers aren’t offering enough or who made a wrong career choice. Unfortunately, they are not the only ones who want or need to jump ship. Even seasoned professionals sometimes change their jobs, but that comes with many challenges. If you’re one of them, take a look at the following list of tips on how to overcome such problems. Hurt ego It’s logical that senior executives feel loss of self-esteem and self-worth, embarrassment and shame. After all, they’ve reached a respectable position in their profession and are used to a managerial position. This problem is best overcome by keeping the “usual life” going (family activities, hobbies, etc.) and focusing on your worth outside of the job. You should also be open to learning new things and connecting and sharing the experience with other top executives in transition. Don’t be afraid to ask them for help! Losing resources You may not be used to doing the day-to-day administrative tasks yourself or you may lack some basic habits and skills for details and logistics. If you fall into that category, it’s time you learned new behaviors and organizational skills and started respecting the small tasks that support the whole process. You probably won’t get a high-end job Such jobs are much more difficult to find, and your search will definitely take longer. There are fewer opportunities at this level, which means you’ll need to be much more patient if you’re looking for such a job. That’s why you need to expand your scope, be more flexible and ready to relocate. You might want to take a short-term step back in title in order to eventually move forward. Alternatively, you could explore consulting or starting/buying a business. Feeling abandoned Another problem that senior executives face when changing career is that they feel left out, which leads to lack of self-confidence and self-esteem. Such a crisis of confidence can be very debilitating. One of the best ways to deal with it is to turn to experts in efficient career coaching, who can help professionals unlock unrealized strengths and pursue their limitless potential and who find themselves at a career crossroads and are unsure where to turn. Get in touch with right people Experienced professionals find it difficult to get through senior executives’ gatekeepers, especially since human resources can offer little or no help in this regard. You need to talk to hiring managers about how you can help them reach their business goals. Also, join and participate in executive networking programs, board or directors and venture capital groups. Call-in favors and get help from senior-level friends and colleagues. Age Chances are, you’ll be perceived as being too old or “washed-up”. Naturally, employers will fear that you won’t remain long at the company and will have their concerns about investing in you, especially if you don’t have technology skills necessary to thrive in today’s work environment. To tackle this problem, you should refocus on your exceptional qualifications, proven results and experience, rather than your age. However, you need to know the culture of the company: if there is no-one older than 40, you shouldn’t apply for a job there if you’re 65. Instead, target smaller companies that would appreciate experience, contacts and credibility and stay up-to-date and informed about your industry. Perception of others You might not be taken seriously as a job candidate or others may project their own fears onto you or be in denial or act dismissive. In those situations, you need to tell the story about your departure from the company and let everyone know that you’re ok with the situation. Be genuine, relaxed and humble. If you have a better understanding of the special challenges you’re facing and implement the solutions suggested above, you’ll significantly improve your job search results and decrease your level of anxiety and frustration. This should, hopefully, lead you to a successful career transition.

Are you looking for a new job in the tech industry? If so, salary negotiation is going to be a key part of the process. 

Many people get cold feet when it comes to negotiating their salary, but it’s important to remember that you have nothing to lose by asking for more money. 

This blog post will discuss some tips that will help you get the salary you deserve!

Get to Know How Your Salary Is Formed

The salary that you’ll be offered for a position at a tech company is usually based on three factors:

  • The role that you’re being hired for.
  • The skills required to do said role.
  •  The location of the company. 

Your salary will also be relative to other employees within the company and be directly proportional to your position. 

With this knowledge in mind, be sure to search for more specific negotiations tips and information. For instance, if you want to work for a social media giant, you can check out TikTok engineer salary negotiation tips.

Remember that the location of the company can also affect your salary. If you’re living in an expensive city, then you may need to adjust your expectations accordingly.

Collect Feedback from Current and Previous Employees

Gathering feedback from current and previous employees can save you a lot of time and nerves. This will give you a good idea of what the company is willing to pay for your position. You can also use this information to negotiate a higher salary. 

Another salary negotiation tip is to research the company’s financial stability. This will help you determine how much they can afford to pay you. 

Finally, be sure to have a counteroffer ready in case the company doesn’t meet your expectations.

Know Your Worth and Be Ready to Voice It

One of the most important things you can do when salary negotiation tips is to know your worth and be ready to voice it. 

Do your research on salary ranges for your position and be prepared to back up why you deserve a certain salary. 

Be confident in yourself and your value to the company, but also be respectful of the budget constraints that may be in place. 

If you have a good relationship with your boss or hiring manager, salary negotiation may be easier since they may already have an idea of what you’re worth to the company. 

However, don’t take this for granted – always come prepared with numbers and justification for why you deserve a higher salary.

Prepare and Ask Questions 

Asking questions is a key part of salary negotiation. You should go into your salary negotiation prepared with a list of questions to ask about the role, the company, and what they are offering. 

This will show that you are interested in the position and that you have done your research. Some good questions to ask include:

  • What are the company’s values?
  • What is the development path for this role?
  • What are the expectations for this role?
  •  How did you come to this salary number?
  • Can you explain the benefits package?
  • Is there room for salary growth?
  • What are some challenges I can expect in this role?

How to Handle Salary Negotiation?

Negotiating your salary can be a daunting task, but it doesn’t have to be. 

By knowing how your salary is formed and getting feedback from others in the industry, you can arm yourself with the information you need to advocate for yourself and get paid what you deserve. 

When you need to negotiate, remember that preparation is key. Have a list of questions ready and know your worth. 

Most importantly, be confident in what you are asking for – there is no shame in wanting to earn a fair wage for your skillset.