If you've worked in a position for long enough, you may feel confident enough to renegotiate your salary. There are certain ways to go about it, as the likes of Robert Jain will attest, which means that your approach matters. How do you go about talking to your boss in the hopes that you can come away with a more sizable paycheck every week or two weeks? The following do's and don'ts will help you do exactly that.
When it comes to salary negotiation, professionalism is the name of the game. Such names as Robert Jain will agree, mainly because this will make your boss more open about discussing a possible raise with you. Otherwise, they may shut down your request entirely, which can make it difficult, if not downright impossible, to renegotiate in the future. Keep this tip in mind, especially if you haven't discussed a raise with your boss yet.
Another way to go about negotiation the right way is to be flexible. You may have a specific number in mind, but this doesn't mean that you'll come away with that exact amount. Instead, discuss a possible range that you'd like to find yourself in. Provide your employer with options that they may be able to work with. Not only does this show professionalism, as discussed earlier, but you'll be more likely to successfully negotiate your pay.
When it comes to the don'ts of pay negotiation, failure to clearly convey your case is a big one. If you simply approach your boss and ask to be paid a certain amount of money, you're unlikely to receive it. Discuss the growth that you've made in the past year. Talk about how you've contributed to the workplace, either through your efforts or the ways that you've assisted others. By offering details, your employer may have an easier time providing you with a raise.
Lastly, don't become too discouraged if you fail to negotiate your salary. No one bats a thousand, which is why you may want to consider revisiting your case in the future. For instance, if your boss tells you that the money to justify your raise may be available down the road, why not ask again in a year or so? This will show initiative on your part and there's a solid chance that you'll end up with a higher salary, provided you continue to work hard.
When it comes to salary negotiation, professionalism is the name of the game. Such names as Robert Jain will agree, mainly because this will make your boss more open about discussing a possible raise with you. Otherwise, they may shut down your request entirely, which can make it difficult, if not downright impossible, to renegotiate in the future. Keep this tip in mind, especially if you haven't discussed a raise with your boss yet.
Another way to go about negotiation the right way is to be flexible. You may have a specific number in mind, but this doesn't mean that you'll come away with that exact amount. Instead, discuss a possible range that you'd like to find yourself in. Provide your employer with options that they may be able to work with. Not only does this show professionalism, as discussed earlier, but you'll be more likely to successfully negotiate your pay.
When it comes to the don'ts of pay negotiation, failure to clearly convey your case is a big one. If you simply approach your boss and ask to be paid a certain amount of money, you're unlikely to receive it. Discuss the growth that you've made in the past year. Talk about how you've contributed to the workplace, either through your efforts or the ways that you've assisted others. By offering details, your employer may have an easier time providing you with a raise.
Lastly, don't become too discouraged if you fail to negotiate your salary. No one bats a thousand, which is why you may want to consider revisiting your case in the future. For instance, if your boss tells you that the money to justify your raise may be available down the road, why not ask again in a year or so? This will show initiative on your part and there's a solid chance that you'll end up with a higher salary, provided you continue to work hard.
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If you would care for additional information about finance, contact Bobby Jain today.
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