There is no doubt that the rate of a pediatrician’s salary is usually quite favorable and respectful but that doesn’t mean that there isn’t room for improvement. In fact, negotiating a better salary is one of the keys to having a long, successful career.
But just because you want and deserve a better pay rate doesn’t mean you’ll always get it. It requires that you know a few things about salary negotiations, how to deal with other people, and how to stand up for yourself.
Let’s discuss how to have successful and respectful salary negotiations!
Know The Market
Before you can do anything else, you need to know just what to expect. And what is the best way to do that? You need to understand what other people in your exact field and region are getting paid.
Therefore, you should find out what the going rates are for doctors in your area and specialization. You can do this by making use of tools including industry publications, wage surveys, and trade associations. Remember to always take into account elements such as demand for your skills, experience, and specialism.
Assess Your Value
It is vital that you know how much you’re worth. Don’t undersell yourself or limit your pay rate because you don’t have enough confidence. So before you negotiate your contract, list your special skills, background, and any further credentials. Find out all the ways that you’re worthy of better pay and then proudly stand behind that.
Make sure that you emphasize any unique abilities or talents you have to offer the company. And always stress how your experience fits the demands and objectives of the medical facility.
Remember Timing
You cannot just start your negotiations at any time. Instead, you need to consider when you are sitting down to ask for a better salary, because that can have a big impact on if your employer says yes or no. So, make sure that you select a suitable moment to start pay discussions. It is always best to negotiate following a formal employment offer, but prior to contract signing.
Be Ready To Compromise
You might not get everything that you want in contract negotiations but that isn’t a bad thing and it shouldn’t stop you from having this important conversation. Be sure to recognize that there are compromises made throughout a negotiation. You will have to set aside your non-negotiables first, and be prepared to make concessions on less important issues.
At all times, aim for a win-win solution that satisfies the requirements of both sides. If your employer is focused on employee retention, they will want to discuss all sorts of options for your salary. They will have their own goals for keeping you on board but also not spending too much so you need to be ready to state your case and also compromise.
Conclusion
If you remember these tips and tricks and follow these steps, there is a very good chance that you and your employer will both walk away happy from these negotiations.