Working remotely has its benefits, but also its downsides. The fact that you don’t have the opportunity to interact with management as much can be tricky.
That means it might be hard to negotiate your salary, talk about challenges, and so on.
The truth is that especially when you work remotely, you can end up doing a lot of overtime and you are working even harder to surpass the challenges of remote work. This is why proper salary negotiation is very important.
How to determine the perfect salary when you negotiate for a remote job?
Normally, you want to check the salary for your particular job and then see if you need any extra money due to expenses related to remote work.
Having that knowledge helps a lot, and it will make your experience a whole lot better and more convenient every time.
Of course, it’s in your best interests to ask for the amount you feel that you’re worth. Ideally, you want to understand the lowest, median, and highest industry prices for your job, then adapt accordingly.
Consider The Cost of Living.
You can ask for a different amount depending on where you live.
For example, if you live in New York, you will ask for more money when compared to Alabama, North Carolina, or other regions, since the cost of living is more expensive.
You always want to focus on making sure that your income will help you cover your expenses, and then some.
Even if you work remotely, the cost of living will differ quite a bit, so figure out how much money you need and negotiate appropriately.
Consider The Non-monetary Benefits.
Figuring out which are the non-monetary benefits is very important, since these can also be great from a business perspective.
We recommend you assess and understand these since some bonuses can bring in quite a bit of money.
Some of the best non-monetary benefits include parental leave, paid education, food, vacation days, health insurance, and others.
Other important salary negotiation tips to keep in mind.
- Show off your new skills and things you learned to do since your previous negotiation. More skills or improved skills should warrant a higher salary.
- Showcase your achievements. It’s important to bring in front all your achievements, as it will show the value you are bringing to the table and how important you are for the team.
- Always go into this discussion with a good idea of what you would expect. It’s important to have a starting point, and then you negotiate from there. Stand your ground and maintain your ideas, as that’s what matters the most.
- It’s even better if you just ask for a fixed salary instead of working within a range. It shows the employer that you are determined and you know what you are worth.
- Try to ask for some other perks, if possible. These can be paid time off, relocation stipend, stock options, and so on.