The Economist: How To Negotiate A Pay Raise

During the negotiation dont compare yourself to other employees. Employers have a lot of things to think about.

How To Negotiate A Salary Raise With Your Promotion

A raise is business not personal.

How to negotiate a pay raise. There are good chances that you are getting paid more than what you deserve and in such cases you should just enjoy your current salary. In a recent Indeed survey more than half 58 of respondents claim to never or rarely ever negotiate their pay. If you approach your boss to ask for a raise while you are already overpaid your request might backfire.

If you are currently employed and want a raise start by being prepared. Check out this video course from Udemy on how to negotiate a salary or a pay raise. A worker who asks for a pay raise at a bad time is rarely going to get what he is asking for.

For example you might negotiate an increase or bonus that is tied to the accomplishment of a specific goal. Be aware of company policy regarding compensation. The first step in trying to negotiate a raise is to find out the truth about your current salary.

Coming off the success of one of your major projects is another chance to make your pitch. The quickest way to get a definite nois a sign of jealousy or envy. Here is how to negotiate a higher salary or fees if you are self-employed or own a business.

Twenty-eight of those people said it was because theyre uncomfortable negotiating salary while an additional 19 percent didnt want to be perceived as pushy. Come with your pay raise excel sheet and a personal log of accomplishments for their reference. If my plan for decreasing production costs succeeds I think its fair to.

1 Choose the right time. Dont be too greedy or arrogant either. Heres how to negotiate a pay raise the right way.

For example if the average US. Annual salary increase is 3 and you accept a starting salary. Steps in negotiating a pay raise.

If youre negotiating a pay rise within your current company youll need to tweak accordingly. If youre one of the majority who have not approached your boss about a raise start a plan of attack now. Patience is key since asking for a raise at the wrong time can be an automatic no.

1 However not discussing your salary and benefits can negatively affect your lifelong earning potential. You also need to be prepared to negotiate the actual amount of that raise which means that you need to set an appropriate range. The idea of negotiating a job offer and discussing your pay may feel intimidating and uncomfortable to you and youre not alone.

Ive taken on a number of new responsibilities over the last year such as give three examples where youve taken the initiative or improved business. The keys to managing the tricky nerve-wracking process of negotiating a raise are preparation and a keen understanding of your organizations performance culture and market conditions. Pay attention to how well your company is doing and wait for an uptick.

Know how to ask for it. The best time is during the regular pay review time which is when most companies do it. Negotiating a Raise.

According to a survey by Payscale 57 percent of respondents said theyve never asked for a raise. How do we negotiate a pay raise. Gather your salary research average raise data recent performance appraisals that document your achievements and any other relevant information.

Your range should start with the lowest amount you would be happy with and end with the highest amount you think is reasonable to ask for based on your research. Choose the Right Time Contrary to what you might have heard the end of the year is not necessarily the best time to negotiate a raise.

An 8 Point Plan For Negotiating A Salary Increase 1life