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Last updated on 2024年7月10日

Here's how you can research industry standards before negotiating a salary or raise.

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When it comes to negotiating your salary or asking for a raise, entering the conversation with a well-researched understanding of industry standards is crucial. Knowing the going rate for your position in your specific industry and geographic area can arm you with the confidence and facts needed to make your case effectively. This isn't just about numbers; it's about recognizing your value and being able to communicate it clearly. By taking the time to thoroughly research and prepare, you position yourself to engage in a negotiation that reflects your worth and contributions to your company.

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Consult local resources:

Utilize local professional groups and regional job boards to find accurate salary data for your area. These sources help adjust your expectations according to the cost of living where you work.### *Leverage industry associations:Tap into industry-specific professional associations and publications for salary insights. They offer valuable information on trends and standards that can strengthen your negotiation stance.

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1 Gather Data

Begin your research by gathering data on average salaries for your position . Look for information from industry publications, job boards, and professional associations . These sources often provide salary surveys or reports that can give you a general idea of what professionals with your job title and experience level are earning. Remember, these figures are averages, so they should serve as a starting point for understanding the salary landscape, not as definitive numbers to demand.

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Kranthi Pasula (KP)

Sales Professional dedicated to Market Research and Lead Generation | Strategic Thinker | Connecting Top-Tier IT Professionals To Our Trusted Partners | Collaborate Solutions Inc
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To research industry standards before negotiating a salary, use online databases, professional associations, financial reports, networking events, job listings, HR advice, cost of living adjustments, professional associations, social media, and industry discussions. Compare your educational background, experience, and skills with industry standards to determine your market value and confidently negotiate.

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Khursheed Begum

creativity is intelligence having fun
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Research skills ?? Dive into online resources like Glassdoor, PayScale, and LinkedIn Salary Insights. These platforms reveal average salaries for roles similar to yours in your field. Consider Context: Remember, different factors like experience, location, and company size affect pay. Adjust your expectations according to the role. Highlight your achievements—projects led, goals exceeded, problems solved. Be your own advocate! Evidence Speaks Louder: Tangible examples show your commitment to the company’s growth. Craft Your Narrative: Explain how you contribute to the organization. What unique value do you bring? Practice articulating this confidently. Flexibility Matters: Develop alternative negotiation scenarios.??

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Shikha Sharma

Helping Create & Scale Up Careers | Educator | Chief Buzz Creator | Social Media & Growth Strategist at Bizwiz | EX-AVP| Chartered Accountant
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Before negotiating a salary or raise, researching industry standards is crucial. Start by using online resources like Glassdoor, Payscale, and LinkedIn Salary Insights to gather data on average salaries for your role and location. Network with industry peers to get firsthand insights. Review job postings to understand the market demand and compensation trends. Consider your own experience, skills, and achievements to benchmark against industry standards. Use this information, to confidently present a well-informed case during salary negotiations, ensuring your request is both reasonable and competitive

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2 Location Matters

Your location significantly influences salary standards, as the cost of living varies widely across different regions. Research the average salary for your position in your city or state to get a more accurate picture of what you can expect. Local professional groups and regional job boards can be particularly helpful for this type of localized information. Adjust your salary expectations according to the cost of living in your area.

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Mirna Arriazola Lujambio

Comunicación & Relaciones Públicas | MBA | +14 a?os en Comms Corporativa, Estrategia & Consultoría | Colaboradora en MIT Sloan Management Review
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When preparing to negotiate a salary or raise, it's vital to research industry standards, especially considering how your location influences salary benchmarks. Local factors such as cost of living, demand for skills, and regional economic conditions play a significant role in determining what employers typically pay. Being informed about these nuances allows you to approach negotiations strategically, ensuring your salary expectations are grounded in the realities of your specific location's job market.

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3 Experience Counts

Factor in your experience level when researching salaries. Entry-level positions typically pay less than jobs requiring several years of experience. Look for data that breaks down salaries by years of experience to gauge where you stand. This will also help you understand potential growth in your field and set realistic expectations for salary progression over time.

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4 Industry Specifics

Different industries can have vastly different salary standards for the same job title. Research your specific industry to understand how it compares to others. Industry-specific professional associations, publications, and networking groups can be valuable resources for this information. They often have insights into industry trends that can affect salary , such as technological advancements or regulatory changes.

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Olivia Rutman, CTP

Leader | Innovator | Speaker | VC Backed Founder | Childcare Expert | Top 40 Under 40 | 3x Boy Mom | CEO at Kids Care Finder | Seasoned Sales Enablement and Training Professional
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Experience and performance matter some, but you can usually move the needle the most when it comes to industry data, location, and both internal and external benchmarking. Find market research reports on average salary for your role and area. Find out what the average is within your organization. Show them data on what the range is and where you should fall based on all the relevant factors. Find more than one example , and ideally have examples from your competitors. It’s very hard to argue with data.

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5 Role Relevance

Consider the relevance of your role within your organization when researching salaries. Some positions are more critical to an organization's core business and may command higher salaries. Understand where your role fits within the broader industry context and how it contributes to the company's success. This can strengthen your argument for a higher salary or raise during negotiations.

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6 Future Outlook

Lastly, consider the future outlook of your industry and position . Emerging trends and future demand for your skills can influence salary standards. If you're in a field that's experiencing growth or a shortage of skilled professionals, this can be a compelling point in your negotiations. Stay informed about industry forecasts and how they might impact the value of your role .

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7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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Here's how you can research industry standards before negotiating a salary or raise.

1

2

3

4

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1 Gather Data

2 Location Matters

3 Experience Counts

4 Industry Specifics

5 Role Relevance

6 Future Outlook

7 Here’s what else to consider

Communication

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Here's how you can research industry standards before negotiating a salary or raise.

1

2

3

4

5

6

7

1 Gather Data

2 Location Matters

3 Experience Counts

4 Industry Specifics

5 Role Relevance

6 Future Outlook

7 Here’s what else to consider

Communication

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感谢您的反馈

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