Having problems thinking of the best strategy to discuss pay and benefits after accepting a job offer? Salary negotiations are never easy. You have to accept that. Done?
Great, let’s now assist you in preparing for pay negotiation, teach you how to control your emotions, and provide you with some guidance on how to calmly and effectively communicate your compensation package without being combative.
Talking Money and Negotiating a Job Offer
The following are some justifications for using effective salary negotiation techniques and honing your negotiating abilities:
On average, you can increase the amount that has been provided to you by 7.4 percent. Your earnings at the next employment will be determined by your wage for current position.
Your employer gains a deeper grasp of your potential for teamwork and the value you can provide to the business. You develop business ties, openness & trust, and open communication about money.
But how can you feel comfortable discussing pay with your boss without being bogged down in a sea of financial issues? Utilize the practical suggestions and professional counsel listed below.
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How to Handle the Salary Negotiation Sea
Five suggestions for discussion preparation. Take advantage of these five tested suggestions to negotiate your pay rate like a pro:
Accept and control your feelings
Do you have trepidation and nervousness before discussing money with those who are prepared to hire you?
A pointless inquiry. You do, of course. more so if it’s your first employment in the crypto industry. You must be concerned about the results of your salary discussion with the employer even if you are not.
You cannot simply suppress fear or block worry. However, you may emotionally prepare yourself for the pay rate debate, advises Logan Mallory, VP of Motivosity.
“Fear obviously kills motivation and creativity. But based on your answers, you can answer some questions and do something,” he says.
When preparing emotionally for a salary negotiation, consider the following questions from Logan Mallory:
- What aspect of the talk do you fear most?
- What proportion of what you anticipate happening will actually occur? Do not worry if the percentage is less than 2%. If more, respond to the following query.
- What can you do in this regard? Nothing is not a suitable response.
- Have you taken every precaution to make sure that won’t happen? If not, go ahead and do it while making every effort to prepare for a positive discussion.
“The most difficult thing in any negotiation, almost, is making sure that you strip it of the emotion and deal with the facts.” – Howard Baker.
Investigate cryptocurrency salary trends and set your own price in the market
Examine the pay scales for the job categories relevant to cryptocurrencies, especially the one to which your job offer corresponds.
You can find the following compensation estimations by taking a deeper look at blockchain salaries:
- Average salary: $92,000 per year
- Bottom 10%: $23,000 per year
- Top 10%: $165,000 per year
However, these are simply rough totals. In the meanwhile, you must decide on your personal prices for a certain crypto job. Calculate your hourly rate to get started.
There is only one thing left to decide: are you prepared to accept bitcoin payments?
Consider a few standard salary negotiating situations
Examine the precise guidelines for how to respond in various salary negotiating circumstances. Additionally, Brian Dechesare, the founder and CEO of BIWS, advises that you create a list of questions and arguments relating to money in case you need to bargain.
Make a list of them and keep it handy for use during interviews. If required, be prepared to make a counteroffer. It is not humiliating to understand and defend your value as a worker.
Defend your worth
What kind of value do you bring to the blockchain industry as a worker? If that’s the case, see if you possess all the skills required for NFT positions, for instance.
You should project confidence and maintain control of your body language when discussing your credentials and special skill set with an interviewer. Be persuasive and provide instances to support your abilities. Importantly, be sure to cite your on-chain resume as evidence of your crypto competence.
Be respectful, courteous, and upbeat throughout this talk. Transform the negotiation process into a collaborative effort to reach a win-win accord. Tori Dunlap took that action. The millennial financial and career expert successfully renegotiated her pay offer to receive $10,000 extra.
Give specific figures or a range
Do you know what qualifies a candidate in the cryptocurrency industry? a clear understanding of your compensation expectations.
Founder and CEO of WallStreetZen Nate Tsang holds that “the more explicit you sound about your expected compensation, the more likely you’re going to have an acceptable amount at the end of your salary negotiation.”
“Don’t use ambiguous words or expressions, such as ‘I don’t know,’ ‘Maybe,’ ‘I’m not sure what I can say about this topic,’ ‘I haven’t thought about it,’ etc. They demonstrate your lack of planning and disinterest, he continues.
You should keep in mind, nevertheless, that round prices may not always be advantageous. For instance, because precise offers have more potential, it is preferable to state $84,750 rather than $84,000. They mislead your employer into thinking you’ve
However, keep in mind that round prices might not always be advantageous. For instance, it is preferable to state $84,750 rather than $84,000 because exact bids have a higher chance of being accepted. They persuade your company that you have done enough research on this subject and concur on the closest value to the one you provide.
Job Benefits Negotiation: What to Talk About & How
Salary discussions shouldn’t be restricted to money alone. While terms advance your career, salary covers your mortgage. (Christopher Voss)
In addition to the pay, other benefits and perks at work should also be highly negotiated while negotiating a job offer.
Continue reading to learn what you may talk about without feeling guilty or afraid and how to do it properly.
Top 5 Employee Benefits to Take into Account
Don’t be afraid to bring up the top benefits that crypto companies might provide employees, even if it’s an entry-level position:
- various bonus kinds
- Paid vacation days/li>
- Paid time off for sick and parental leave Fund for education and professional development/li>
- Long-term rewards, such as stock options and student loan repayment, are also available.
How to Discuss Job Benefits & Perks
The moment has come to discuss the following during a job offer negotiation now that you are aware of the most common work benefits:
Examine the benefits package for employees
To have time to review this packet, ask your company to give a copy to you beforehand.
Determine any perks that might be negotiated
Once you’ve reviewed the collection of non-wage compensation, make note of any points that want clarification and get ready to talk about them while defending your demands and wants.
Support your arguments
Give an example of how your employer might profit if they support your professional and personal development and pay for your blockchain training.
Document the final offer.
To have official documentation of your acceptance, your wage offer and the stated list of benefits should both be included.
How to Successfully Negotiate Salary and Benefits: Final Thoughts
The job market for bitcoin in the age of the digital revolution is bursting with opportunities. Once you have one, your first and greatest task is to understand how to discuss your pay rate in order to obtain the recompense you justly merit.
In this post, we’ve given you some tried-and-true advice on how to prepare for pay negotiations and conduct yourself appropriately. Be cautious while negotiating a salary so that it corresponds to your qualifications and skills.
Wishing you luck and the highest pay!
