10 Amazing Facts Helpful To Boost Your Future Job Salary
1. Position yourself early
Before you ask for a raise, make your value to the company clear, “Show that you can take on extra tasks, work outside of your job description, and rise to challenges,” he says. “This should make the concept of increasing your salary pretty straightforward to most managers. This proves your value to the company and that if it takes some extra funds to keep you around, it’s worth doing.”
2. Do your research
How’s your company doing? Has revenue increased or decreased? How is your company performing in the stock market? Take the pulse of your company before you ask for a raise. “These are all factors that can benefit the conversation you have with your boss.”
Before you meet with your manager, make a list of your accomplishments, skills, and the value you provide and be prepared to talk about them. “Whether you’ve been working with a company for six months or six years, you want facts and figures outlining the value you’ve added.
4. Give yourself a pep talk
When you meet with your manager, exude confidence. “Raises do not pop out of thin air. If you’re at a company that doesn’t have a structured salary schedule, it is up to you to ask the question.” And do your best to settle your nerves. “You deserve this, and you are not going to be the first person in your company to ask for a raise. Don’t let your nerves come across as uncertainty.”
5. Don’t make demands
While threatening to quit if you don’t get what you want might work in some scenarios, it sets a bad precedent for you in the future. “You’re really playing with fire here. Even if you get the raise you wanted, your company now assumes that you’re ready to leave and this may cost you more than your raise in the long run.” Instead of taking an aggressive stance, be confident because “Aggression makes for an uncomfortable conversation — especially if you’re giving an ultimatum — and leaves your boss with a negative feeling regarding your employment,” she says.
6. Ask For More Time, Then More Money
A day or two will help you figure out what you think of a job offer or re-negotiation number and what your next move should be is just to “Ask for at least 24 to 48 hours. Silence is golden when you just let it hang their awhile following an initial offer. Don’t rush to fill the quiet void!” says Meg Montford, career coach and CEO of Abilities Enhanced, a career coaching service.
7. Don’t get discouraged
If your manager left without considering your request for an increase then don’t give up. “Sometimes it takes more than one conversation to receive a raise and “If it’s not possible today, how do you get there then you are required to Ask your boss what you need to do in order to take it to the next level.”
8. Get creative
Maybe there’s not enough money in the budget for the raise you want. Then think outside the box just because This might include asking for a title change; travel, phone, or education reimbursements; or perks like a gym membership. Other options: Ask for an extra week of paid vacation or the ability to telecommute, suggests John Reed, senior executive director at recruiting firm Robert Half Technology.
9. Moving on? Avoid the salary question.
If you’re performing a new task then try to avoid compensation talk early in the process and “If you give a number that’s too low, you’ve left money on the table. If it’s too high, you might knock yourself out of the running,” he says. “Consider a response such as, ‘That depends on the job requirements. What’s the typical salary range for someone in this role?'”
10. Never Let Negotiations End With a “No”
If in case you have got a job offer or salary increase number that’s lower than what you want than that is the ” Time to start searching for another opportunity. Not so fast. “Say ‘I don’t know if I can accept it but is there some other way, like time off, or performance bonuses or something else that could make the package worthwhile?'” suggests Chapman. You might even offer to add a few responsibilities in order to increase your worth to the company, or ask about forgoing health insurance if you can buy it elsewhere for less.