How much more should I aim for when trying to get a new job!

A lot of times as people are handed their new employment contract, there’s one thing that’s stuck at the forefront of their mind their new salary.

Sure, it’s a bit higher than the old salary, and the benefits are great. However, as you prepare to sign your name on the dotted line, you can’t help but ponder on if you got the best deal. You ask yourself, “How much more should I have gotten? What would they have offered if I had just asked for more or better yet, negotiated back-and-forth about my compensation?”

The average range for job increases is 5-10%, but that doesn’t mean you’re limited to these figures. When switching jobs, you should aim to negotiate for at least a 10-20% pay increase, for a few reasons.

- First, you’re unlikely to get the full amount you negotiated for, since a common tactic is for employers to counteroffer with a lower salary enabling both parties to meet in the middle of the range as a compromise.

- Second, you should aim high because you have the upper hand here. If things don’t go as planned, you can always return to your current job (assuming you didn’t quit before you had your new job lined up).

 - Negotiation never hurts anyone. Always negotiate your offer and stay away from automatically accepting the initial salary a company offers you, unless it’s right at the top of your expected salary range.

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