FutureAdvisor More Articles Source: Thinkstock You can’t always wait for your boss to give you a raise. Perhaps you yourself have to take the step of bargaining for a higher salary. But when do you start the process of negotiation, and what can you bring to the table to help make a case for your wage increase? Understanding how to negotiate a higher wage will make the difference between making good on last year’s pay rate and moving up to your rightful reward.
When are you going to ask for an increase?
Sometimes it makes sense to negotiate a higher salary: when you are offered a job When you are offered a raise When your work has taken on significant new responsibilities After you have accomplished something beyond and beyond expectations such as securing a new major customer How do you negotiate?
Here are some negotiating tips to keep in mind: GlassdoorBureau of Labor Statistics to discover whether you’re paying above or below the average for your job and career. If you’re underpaid, it’s a great starting point to negotiate an increase in pay. Ask for more: This is a clear guide for negotiation, but a lot of people are ignoring it. Often ask for more than you would like so there is room for negotiation. The Muse has to follow a perfect salary negotiation template that involves preparing a report posing the issue as a suggestion instead of a request pointing out your proposals demonstrating your research and making some sort of decision before the meeting ends. The decision could be Yes we ll increase your salary or in six months it could be Let s reconsider that. This leads us to our next item. Just get the next step: the initial salary negotiation meeting always ends with a phrase like Well I have to talk to the Department of Finance or I can see what I can do. Ask your boss when you can expect to hear the pay decision back. Set a meeting right then for the conversation to continue. If it turns out that for whatever reason you can ask to set up a meeting six months from now to discuss the question, you can t get a salary increase. Never leave the meeting without understanding what the next step in your salary negotiation process is. If you are underpaid or do not receive regular salary increases as your job responsibilities grow it is time to start the discussion of the negotiations. If your employer has won t budge it may be time to start looking for a different job. FutureConsultant. Differences in account size timing of transactions and market conditions that occur at the time of investment will result in different results, and customers can lose money. Past performance doesn’t suggest future outcomes.
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