What do you do if you want to negotiate a raise with a new employer in the Web3 industry?

To negotiate a raise with a new employer in the Web3 industry, prepare by researching industry standards and your contributions. Schedule a meeting to discuss your performance and value to the company. Clearly articulate your accomplishments and the impact you've made. Present your salary expectations based on market data and your achievements, while remaining open to compromise.

One of the best ways to get the salary you are asking for in the Web3 domain is to demonstrate technical expertise. For example, let’s say you are being hired for a content creation role (which at the moment is one of the most important roles to get Web3 into mainstream business models). Your first step here is to make a reel about the employers business and products. And then show them this, this will demonstrate that you are unlike other candidates who just presented a CV and talked during an interview. It shows that you are a unique asset because you are forward thinking, take initiative and have the ability to implement effective technical solutions for the role. Now you are in position of power to negotiate and have a better chance.

?? Know Your Value: Assess your worth by considering both technical and soft skills relevant to the Web3 industry. ?? Research Market Trends: Stay updated on industry standards to support your negotiation with data-backed insights. ?? Document Achievements: Keep track of your contributions to Web3 projects and quantify your impact for a persuasive argument. ?? Practice Your Pitch: Prepare a concise and compelling case for why you deserve a raise, focusing on your unique skills and contributions. ?? Be Prepared to Compromise: Remain flexible and open to negotiation, considering alternative forms of compensation if necessary.

To negotiate a raise with a new employer in the web3 industry, research market rates, highlight achievements, schedule a meeting to discuss, communicate professionally, be flexible, consider the company's financial situation, and follow up if needed.

Landing a Web3 role is exciting, but don't undersell yourself on salary! "Know Your Worth" Before the negotiation, research what similar roles in your area and with your skills pay. Look at Web3 job boards and salary comparison sites. Once you have a ballpark figure, rehearse your pitch. Highlight the unique skills and experiences you bring, especially those relevant to Web3. Did you build a DeFi app in your free time? Mention it! Showcase your passion for the space and what you can bring to the company. Finally, Be Confident! Web3 companies value talent, and if you know your worth, you'll be well on your way to scoring that dream salary.

I have always said that satistics can give you a guide but should never be the standard. Because statistics is for the “average” and you clearly should aim to be more than average if you are in Web3 because it is not an “average” domain. It is for risk takers and the forwards thinkers. Therefore, when researching salaries for this role use the average as the starting point and demonstrate your ability to not be average. This will help you beat the statistics and get a more desirable salary & package in general.

Research standards for negotiating a raise by exploring salary surveys, industry reports, and job postings. Engage with professionals in the Web3 sector through networking events or online forums to gather insights into typical compensation packages. Additionally, consult with recruiters or mentors for guidance on market trends and salary expectations.

?? Utilize salary data from reputable sources to understand the average compensation range for similar positions within the Web3 industry. Consider factors like your location, experience level, and the specific skillset required for the role.

Timing in Web3 is one of the most important elements. This is because it is connected to the digital assets sector in almost every way. Therefore, employers are affected by the volatility of the digital asset markets. When the markets are doing well (bull market) it is important to try and get the best package possible. However, when the markets are not doing so well (bear market). It is important to be more understanding and be reasonable with your salary expectations so that employers don’t deny you simply because they can’t afford to hire you. Using this explanation you will be able to adjust your expectations.

A thorough understanding of the rise and fall of prices and traffic of individual blockchains within the Web3 ecosystem would be my suggestion here. Most Web3 businesses will be built on a smart contract type Blockchain which will have it's fair share of scandals, followers, haters, hired social media influencers and others. Try to find trends on X, formerly Twitter, and also follow some of the key people who write and commentate about your sector and even your firm. With the hype around Web3 there are many stories you could follow. Web3 is new. Everything in Web3 will depend on use cases, user numbers, traffic, speed and a host of things that are new to many of us. Learn your industry. Web3 is more than just a catchphrase.

Scoring a new Web3 role is awesome, but hold off on the salary talk just yet. Timing Is Everything! Those first few months are crucial to prove your worth. Focus on exceeding expectations, learning the company inside-out, and becoming a valuable asset. Once you've settled in and delivered results, schedule a meeting with your manager. Come prepared with data on your accomplishments and research on current market rates for your role in Web3. Show them you're invested in the company's success and that your contributions deserve recognition. By strategically waiting and building your value, you'll be in a much stronger position to negotiate that raise you deserve!

? Ideally, initiate the salary negotiation conversation after you've received a formal offer but before you've accepted it. This gives you leverage and strengthens your negotiating position.

Present your case by highlighting your achievements, such as completed projects or increased productivity. Discuss your contributions to the company's success and your commitment to its goals. Provide market data to support your salary request, demonstrating your value and alignment with industry standards. Be confident, respectful, and open to negotiation.

? Clearly articulate the specific skills, experience, and unique value you bring to the company. Explain how you can contribute to their success and exceed expectations in the role.

The salary offer isn't quite what you envisioned? Don't worry, negotiation is all part of the game! Here's how to be a smooth negotiator: First, do your research. Look up average salaries for similar roles in your skills in the Web3 space. practice your pitch. Highlight the unique skills and experience you bring to the table. Did you build anything or contribute to a successful DAO? Mention it! Finally, be confident and professional. Web3 companies value talent, and if you can showcase your worth and passion, you're more likely to land that raise. Remember, it's a conversation, not a battle. By being prepared and approaching it strategically, you'll be well on your way to securing the compensation you deserve!

?? Be prepared to walk away: Have a minimum acceptable salary in mind (your "walk-away point"). Knowing your bottom line helps you maintain composure and avoid accepting an offer that significantly undervalues your worth. ?? Negotiate beyond salary: Explore the possibility of negotiating additional benefits like equity, stock options, performance bonuses, or flexible work arrangements to create a more comprehensive and fulfilling compensation package. ?? Maintain professionalism: Negotiate with confidence but maintain a professional and respectful demeanor throughout the conversation. Even if you don't reach your desired outcome, a positive attitude can leave a lasting impression.

While negotiating, keep your job search active. Having other potential offers strengthens your bargaining position and provides leverage in case negotiations with your current employer fall through. Before entering negotiations, determine the minimum acceptable salary you're willing to accept. This helps you maintain your composure and avoid accepting an offer that significantly undervalues your worth.

?? Timing is key: Choose the right moment to initiate the conversation. Ideally, wait until you've proven your value through concrete contributions and exceeded expectations in your role. ?? Data-driven approach: Research average salaries for similar positions within the Web3 industry based on your experience, skillset, and location. This data provides a strong foundation for your desired compensation range. ?? Highlight your value: Clearly articulate the specific skills, experience, and contributions you bring to the company. Quantify your impact whenever possible to demonstrate the value you add beyond your core responsibilities.