You’ve made it this far. You’ve gotten through the HR screening, the interviews, and the reference checks. The offer is on the table (or coming shortly), and you know this could be a mutually beneficial relationship if you move forward.
Before making any decisions, make sure you’re prepared for proper negotiations with these simple steps.
Know the market rate by location
Conduct your own research to have a strong understanding of the market rate in both your city and your employer’s city. This is important to do so you can come into negotiations balancing your skillsets and the current market rate. If you’re working with a company outside of your country, stick to local currencies and consider how the cost of living differs.
Knowing the market rate in your city gives you an idea of what you would make if you accepted a full-time position locally, while looking into the employer’s city provides the rate they would be paying non-remote workers in the same role.
There are a lot of online resources that allow you to search specific job titles, years of experience, company size, and set regions. Check out Indeed Salary Search, Glassdoor, and Salary.com to get started. For an employer’s perspective, read Buffer’s Medium post on how it calculates remote worker salaries.
If you have time to prepare, it’s beneficial to explore other location rates before going into negotiations. As a remote worker, prospective offers could come from anywhere. Your employer needs to understand a better offer could come around next month if they’re not meeting a global standard—and maybe you would rather hold out for that offer and the higher compensation
Restate your value from a new perspective
At this point, the company has read through your resume and spoken to your references. Ultimately, the recruiter is sold, but the negotiation process is an opportunity to “re-sell” yourself from a new perspective.
Now is a good time to remind both yourself and your potential employer of the value you offer.
Don’t focus on what you’ve achieved in the past because that’s what brought you to the table. Focus on your unique value and how you see yourself impacting the company’s long-term growth. Be confident you can make a difference and show enthusiasm about the opportunity to join the team. Remind them of the guaranteed return on investment of your employment, and your negotiations will start off with a respectful offer.
Provide a strategic range
Do you hit them with a cold, hard number or propose an open range? It’s the ultimate salary negotiation question.
Some candidates prefer a range with their desired salary in the middle, hoping for the offer to “meet them halfway”. Some employment specialists lean towards providing a single number, because potential employers take advantage of the lower end of the range you offer.
But why not let them?
The trick here is how you set your salary range.
When hoping for a $75,000 salary, it’s natural to spit out a range of $70,000 to $80,000. Instead, try setting the bottom of your range to what you actually want. In this example, we would offer a range of $75,000-95,000. By doing this, your employer feels like they’re getting a deal at $75,000, and you walk away with what you wanted. If they meet you halfway, you score some extra cash on top or alternatively, they may offer additional benefits to balance your request.
As long as you keep the “low” number reasonable based off your research and the value you provide, employers rarely come back with a refusal to meet you somewhere within your provided range.
Look at the whole package
Once you’ve conducted research and put your numbers on the table, it’s easy to forget about perks that aren’t reflected in the salary. Keep these in mind throughout your negotiations.
Some questions you can ask yourself include:
- Is there an opportunity to travel like you’ve always wanted to?
- Does the company offer flexible hours that fit into your early riser schedule?
- Does it allow you to manage an incredible team of skilled individuals?
- Can you work on your own projects on the side, if desired?
- How will this position help you progress in your career, learn new skills, or gain important experience?
While negotiations focus on financial compromise, keep these other components in mind. When evaluating two options, Company A may provide 20% more compensation but Company B might be the best choice because it fits your lifestyle and makes you excited to work.
Making your decision solely based off the numbers could mean finding yourself searching for something new in no time.
Be willing to walk away
There’s nothing more valuable than knowing your worth.
Negotiations are an opportunity for give and take, but ask yourself whether you’re giving too much, what value exists beyond salary, and if the job is the right step in your career.
These questions are what’s going to help you decide if a company’s final offer is the right decision for you. Sometimes you may just land your dream job, but other times you may be clouded with compliments before realizing someone is taking advantage of you.
See how their offer compares to what you feel you’re worth. If it’s not adding up, speak up, but accept that you may have to walk away.
Want to find a dream remote job? See open opportunities and subscribe to job alerts on Authentic Jobs.