The Economist: How To Negotiate A Raise

Heres how to negotiate a pay raise the right way. Define the exact salary goal you want to achieve.

How To Negotiate A Salary Raise With Your Promotion

The first step in trying to negotiate a raise is to find out the truth about your current salary.

How to negotiate a raise. This way when it comes to preparing for the conversation. 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. 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.

Using our example earlier of you closing a million-dollar deal for your company is an excellent way to discover your worth. 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. If you want to ask for a raise youll need to know your worth.

The time has come to finally mention to your boss that youd like to talk about a raise in a meeting the next month. Ask what is necessary to make the discussion fruitful and use this information later. That is a huge ROI for your time.

A worker who asks for a pay raise at a bad time is rarely going to get what he is asking for. While asking for a raise can seem intimidating the process is manageable if you go into it fully prepared. At first closing any million-dollar deal might seem impressive.

To negotiate properly you want to bring with you a number to the table. Here are the basic steps for negotiating a raise. One way you can make this process easier is by keeping a running list of all of your accolades and achievements.

How do we negotiate a pay raise. Employers have a lot of things to think about. Objective research is another major factor in successfully negotiating a raise says Michelle Joseph CEO of PeopleFoundry.

In her situation and in a few of my own access to this kind of information was vital. 1 Choose the right time. The best time is during the regular pay review time which is when most companies do it.

Smartly she used that information to carefully negotiate a pay increase. Its important that you put in the work in order to get what you want. Steps in negotiating a pay raise.

Lets assume you put 10 hours 2 hours for reading this long detailed guide D in learning how to negotiate using the V-Negotiation system. You also need to be prepared to negotiate the actual amount of that raise which means that you need to set an appropriate range. Research your positions salary range.

1 month before the conversation. When working out the percentage or dollar amount to ask for in your request for a raise you need to understand your value to your employer. How to negotiate a raise you deserve in 3 months These principles will help you prepare to negotiate your raise allowing you to talk to the boss confidently and be ready to earn more money.

3 months before you ask for a raise The key to getting a raise is remembering that its not about you. Just by moving to a 5 raise instead of a 2 raise once you raise your salary by thousands in the first year. Know how your current geographic location the cost.

If you approach your boss to ask for a raise while you are already overpaid your request might backfire. With a performance plan you know exactly what you need to do to secure the raise you want. This will help you to be able to negotiate effectively.

Negotiating a raise is something that youll likely come across a few times throughout your career.

How To Negotiate A Raise Without Losing Your Job Barron S Business Success Guides Hartman George M 9780812098952 Amazon Com Books