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.
One of the most important rules about negotiating your pay, according to names like Bob Jain, is to be professional. The last thing that you'll want to do is approach your boss in a confrontational way, as this will make them less likely to hear you out. While it's important to be firm, it's possible to go past this and into the realm of unprofessional behavior. This is just one of the many things to know about the negotiation process.
Next, be as flexible as possible on the matter. One of the critical mistakes that one can make, when it comes to salary negotiation, is to stick with a number and fail to budge. Instead, focus on a range that you'd like to reach. Provide your employer with enough options so that they don't feel as though they're backed against the wall. This will make the negotiation process easier for all parties involved, which is another reason why it's worth keeping in mind.
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.
Of course, there's a chance that you'll fail to negotiate, even if you follow the steps discussed earlier. One of the worst things that you can do, in response, is fail to revisit the case. Perhaps your boss is unable to provide you a raise because of a lack of funds at the time. It's always possible that money will be made down the road, especially if your efforts contribute to this growth. Allow yourself anywhere from six months to a year to negotiate once more.
One of the most important rules about negotiating your pay, according to names like Bob Jain, is to be professional. The last thing that you'll want to do is approach your boss in a confrontational way, as this will make them less likely to hear you out. While it's important to be firm, it's possible to go past this and into the realm of unprofessional behavior. This is just one of the many things to know about the negotiation process.
Next, be as flexible as possible on the matter. One of the critical mistakes that one can make, when it comes to salary negotiation, is to stick with a number and fail to budge. Instead, focus on a range that you'd like to reach. Provide your employer with enough options so that they don't feel as though they're backed against the wall. This will make the negotiation process easier for all parties involved, which is another reason why it's worth keeping in mind.
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.
Of course, there's a chance that you'll fail to negotiate, even if you follow the steps discussed earlier. One of the worst things that you can do, in response, is fail to revisit the case. Perhaps your boss is unable to provide you a raise because of a lack of funds at the time. It's always possible that money will be made down the road, especially if your efforts contribute to this growth. Allow yourself anywhere from six months to a year to negotiate once more.
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If you would care for more information about finance, consult Bobby Jain today.. Free reprint available from: The Do's And Don'ts Of Pay Negotiation, With Robert Jain.
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