How to Negotiate a Salary Increase
Posted Friday, Jul 13, 2012 by
Use the right approach and take the wind from the sails of your opposition. Learn the secrets of how to negotiate a salary increase and increase the chances of your employer saying “yes” to your request for a raise.
There’s always a chance your superiors will call you in and offer you a raise. And there’s always the possibility they will not. If your goal is to earn more money in the future, you’ll have to put a process in place that helps you achieve your goal. While it may not always be an easy task, it’s doable.
Consider the following strategic approaches:
- Find out what you’re worth in the marketplace. Find out how much your company’s competition is willing to pay for your skill level. Executive search firms and compensation surveys might be good places to begin. Many people are surprised to find out how much their talents are really worth.
- Don’t feel bad about asking for a raise. Some people fear they’ll be fired as a result of asking for a raise. Most companies are aware that the cost of hiring and training your replacement is more than your raise would cost. Don’t be overly intimidated.
- Be assertive, but not overly aggressive. If you approach your request with an attitude that you deserve a raise “or else,” things may not go as planned. Let everyone involved know that you’d like a raise, but that you’re willing to stay if your request is denied. Take time to think things over and deliver your request through the right approach.
- Anticipate objections. With the right approach, you may be able to remove the “wind from their sails” and make it difficult for your employer to refuse a raise.
- Set limits on the amount you want. Ask for a certain amount and limit the time on a response. Ask to be informed within one or two weeks.
There will be plenty of time to negotiate salary increases throughout your career. The first step of the journey to success is to make sure your experience and education match the salary you’re asking for. This makes education a prime ingredient for success.
Everest University Online, a division of Everest University, offers practical online degree programs in a friendly online environment. Students take classes and set their schedules when and where they want. This means you can earn your associate, bachelor’s or master’s degree virtually on your own terms.
The content of this article is provided for general informational and discussion purposes only. These suggestions do not guarantee a successful outcome.