Tips for Negotiating Your Salary When Moving to an Expensive City

Moving to new, enpensive city is an exciting adventure. You can meet new peolpe and make new connections in a professional field. However, with moving to a big city comes new great responsibilities like negotiating your salary etc. It is totally reasonable that you would want higher salary when find yourself in an expensive city. That means you need to learn strategies that will help you negotiate your salary in the best possible way.

How and where should you start negotiating your salary?

It is not uncommon for employees to ask for a higher salary when they move to a new city. There are different aspects of life that change with moving; a new environment, a new workplace, and different costs of living can all seem a little daunting at first. Once you get over this, you should consider the following:

Research cost of living and market rates
Consider relocation costs
Plan your salary expectations accordingly
Highlight your qualities
Learn the dynamics of the job market
Practice your negotiating skills

Take a look at the cost of living and market rates

You should be well acquainted with the cost of living long before you step into an expensive city as a resident. Cost of living means knowing the average prices of basic things. This includes the average housing prices, utility prices, food, transportation, healthcare, and entertainment. If your new city is way more expensive than your previous one, asking for a pay rise is normal. Present these facts to your employer. Equip yourself with numbers and statistics and explain how a higher cost of living can impact your salary. Use online platforms and calculators to estimate what percentage of your salary goes to paying necessities only.

Relocation costs can impact your salary

Moving is a long process that involves a good price that needs to be paid. From packing to seeking reliable movers, it all seems like it is never-ending. Many satisfied clients chose relosmart.asia as their movers. Their professionalism is the first step in undertaking a hard task such as relocation. Furthermore, many companies have relocation package policies if you move to a different city for a new job. Be sure to bring this up with your employer.

Don’t overestimate your possibilities

Even though a salary a few percent higher than your current one can seem very attractive, you should not overestimate yourself. Be prepared to negotiate a salary slightly above your current one. If you ask for a salary way above your pay range, chances are high that your employer will not consider your question for a higher salary. Set the minimum number that you will consider and start negotiating from there.

Present yourself in the best light possible

Negotiating your salary is all about confidence. Be vocal about your achievements. Present your portfolio of successfully finished projects in a certain area in different companies. Emphasize your skills and how using them can be compensated with a new salary. Explain how your professionalism can benefit the company. You need to look trustworthy to your employer and ensure you will fulfill all required tasks. Include the following:

Your years of experience in the industry
Years of experience in leadership
Education level
Different licenses and certifications.

Once you do that, explain how your expertise deserves to be compensated.

Knowing how the job market functions

If the popularity of your company attracts new candidates for the same role, there is a possibility that your employer will not feel like raising a salary anytime soon. That is why knowing the dynamics of the job market is important. There will be times when a position for a certain role is closed. Use the timing and the knowledge of the job market to negotiate your salary with your employers carefully. This might be a good chance for a pay raise and a higher position in the company.

Rehearse your speech

The worst thing you can do is talk to your employer about a pay rise unprepared. Set the right time and place for negotiating. A talk in the office or over a video call is a good start. This way, your employer can see your determination. Make sure to look nice and presentable. Wear your most professional clothes, and be sure always to have confident facial expressions. However, before meeting with your boss, you can rehearse your speech with a trusted friend. Switch the roles and start practicing. They can tell you what mistakes you make; therefore, you will know your weak points and how to fix them.

Why should you negotiate your salary?

Many employees have never negotiated their salaries with employers. The reasons are somewhat similar. They are either afraid of their offer being rejected or are simply satisfied with their current pay. However, you would be surprised to know that recruiters and employers actually expect you to negotiate your salary. This way, you show your negotiation and speech skills, which can be useful for potential customers in the company.

Furthermore, if you accept a salary below your expectations, it will take a long time to compensate. For example, if you receive a salary that is 10% lower than your expectations, it will take two years to regain what you lost. This can impact living in an expensive city in very bad ways.

Final thoughts

Knowing how to negotiate your salary is a useful skill you can implement once you move to a new city. It can initially seem stressful and daunting, but it comes with great benefits. All you need to do is to be equipped with the right information at the right time, and everything will fall into place. Don’t be afraid to seek out a new adventure, such as relocation, for it can bring so many beautiful things, even though living in an expensive city can be different.