Salary Negotiation
Salary negotiation is the process of discussing and agreeing on compensation terms between an employer and a potential or current employee, typically during job offers, promotions, or performance reviews. It involves strategies to communicate value, research market rates, and reach a mutually acceptable agreement on salary, benefits, and other perks. This skill is crucial for developers to ensure fair compensation aligned with their experience, skills, and industry standards.
Developers should learn salary negotiation to maximize their earnings and career satisfaction, as it directly impacts financial well-being and job satisfaction. It is essential during job offers, annual reviews, or when transitioning to roles with higher responsibility, helping to close gender and experience-based pay gaps. Specific use cases include negotiating starting salaries for new positions, raises based on performance or market changes, and benefits like remote work options or equity.