One of the most challenging parts of being a contracted employee is negotiating your salary. You want to make what you believe you're worth, after all, which is why it's important to open up to your boss or business owner about room for improvement. For those that would like to tackle the matter of negotiating payment, there a few ways that it should be done. Here are the few do's and don'ts that, according to Robert Jain, will improve your chances of boosting your pay.
If you'd like to negotiate your pay, understand that being open works wonder. The reason for this is that it's easy to approach your boss with an abrasive demeanor, which the likes of Bob Jain will tell you is a less than ideal strategy. Instead of starting a conversation this way, try to discuss work-related opportunities instead. After all, these may lead to you being given an opportunity you wouldn't have had otherwise.
Next, state your case as clearly as possible. Discuss why you believe you deserve more money for the work that you do. Offer hard facts and statistics including the improvements you've made in your work, how it's benefited the company from a financial standpoint, and what have you. The more that you offer in the way of numbers and clear examples, the better your chances will be of making more money in the long term.
When it comes to the don'ts of payment negotiation, doing so early into your tenure may not be in your best interest. The reason for this is that you're still new to the company, which means that you have to prove yourself over the course of time. This is when you have to show what you're able to do, not only as an employee but a positive source in the workplace. Timing matters, so keep this in mind when you begin a new job.
It's also worth noting that a lack of flexibility can hurt you during the negotiation process. While it's important to stick to your morals and strive for the highest amount possible, there may come a time when you have to work with what your employer provides. Taking a raise less than what you expected isn't a sign of weakness. If anything, it shows that you're willing to compromise, which is a great trait for any employee.
If you'd like to negotiate your pay, understand that being open works wonder. The reason for this is that it's easy to approach your boss with an abrasive demeanor, which the likes of Bob Jain will tell you is a less than ideal strategy. Instead of starting a conversation this way, try to discuss work-related opportunities instead. After all, these may lead to you being given an opportunity you wouldn't have had otherwise.
Next, state your case as clearly as possible. Discuss why you believe you deserve more money for the work that you do. Offer hard facts and statistics including the improvements you've made in your work, how it's benefited the company from a financial standpoint, and what have you. The more that you offer in the way of numbers and clear examples, the better your chances will be of making more money in the long term.
When it comes to the don'ts of payment negotiation, doing so early into your tenure may not be in your best interest. The reason for this is that you're still new to the company, which means that you have to prove yourself over the course of time. This is when you have to show what you're able to do, not only as an employee but a positive source in the workplace. Timing matters, so keep this in mind when you begin a new job.
It's also worth noting that a lack of flexibility can hurt you during the negotiation process. While it's important to stick to your morals and strive for the highest amount possible, there may come a time when you have to work with what your employer provides. Taking a raise less than what you expected isn't a sign of weakness. If anything, it shows that you're willing to compromise, which is a great trait for any employee.
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For more details regarding finance, please consult Bobby Jain now.. Unique version for reprint here: Robert Jain: The Do's And Don'ts Of Negotiating Your Pay.
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