It goes without saying that people want to make good money for what they do. Over time, making money that’s truly worth what you put into your job every day means knowing how to ask for a raise or negotiate for the salary you know you really deserve. However, this is naturally more easily said than done. Saying that it can be hard to ask for more money from a current or potential employer is the understatement of the year, but the process becomes infinitely easier when you know how to go about things in advance.
Haggling for Higher Salaries
We’re living in a day and age when people really need their jobs. As a result, they live in constant fear of being laid off or of being deemed expendable by the company they work for. That said, many people are skittish when it comes to bargaining for higher salaries. However, if you know you have something to offer the company you work for – like a solid education and unparalleled experience – it’s important to consider pursuing a raise.
- Wait until you’re actually offered a position before getting into salary negotiations. Otherwise you risk asking for less than they might have been willing to offer.
- Let the potential employer go first when it comes to negotiations if possible to avoid the same. If they insist you start, then say you expect a salary that matches current industry standards.
- In the event salary is non-negotiable, try lobbying for other benefits like vacation days or sick time.
Asking for Pay Raises
Unfortunately, it’s rather unrealistic to expect your boss to simply offer you a raise in exchange for a job well done. You more or less always have to ask for them. Here’s how to make sure you succeed.
- Learn the ins and outs of company policy when it comes to raises to make sure you know what you’re doing when you ask. When are employees eligible for raises and how much are they entitled to?
- Understand your worth to your company. Have you acquired any additional skills or education? It could be they’re worth paying more for.
- Fine-tune your negotiation strategy to your boss’s personality, managerial style, and so forth. Practice what you’ll say beforehand if necessary. Sometimes it can help to keep and present detailed performance records to prove your worth. Many bosses respond to seeing things on paper in this way.
- Don’t simply take no for an answer. If your boss says no to an immediate raise, ask how you can be sure you’ll be considered for one in the future. Then follow directions to the best of your ability. If your boss suggests special training, ask whether or not the company will pay for it.
At the end of the day, it’s not impossible to successfully lobby for the salary you know you really deserve. All it takes is a little know-how, persistence, and strategy when it comes to how you negotiate.