Making money is an art on its own, but asking for more money is an entirely different ball game. It is even more delicate with a raise, but it is not as daunting as it seems. As you gather all the points you need to negotiate a salary bump, remember these points and allow them to act as a map as you navigate your way to a new tax bracket.
Don't Grovel:
While you must enter a negotiation with a positive and professional attitude, it is even more important that you understand the dynamics of money in relation to human nature. You must present yourself in a manner that shows you're deserving of a raise. You have to stand your ground and present concrete evidence of how you have been an asset to the organization. When you plead and talk about how badly you need the extra money, you go from presenting yourself as an asset to submitting your sovereignty in the negotiation. You automatically give the organization the upper hand. You are an asset!
Be Consistent:
There are many ways to negotiate a pay raise, but a consistent track record has a more significant effect on the success of a negotiation than the promise of what you will do if you get a raise. The truth is that securing a bigger bag starts from day one. Getting your boss to agree to a pay raise is a lot more hassle-free when your results and performance can speak for themselves. It even helps to make a detailed list of your accomplishments. Give examples of all the things you have done to promote the company's growth over time. So, from your first day on the job, ensure that you record everything you do to add value to the company. After all, you are not working for free.
Timing Is Everything:
Seize the chance to ask for a raise immediately after you secure that deal for your firm when the company is financially healthy and after you have delivered consistently. It might not be the most tactful thing to ask for a pay raise after having a series of tardy days at work or after going on a vacation. Plan out the entire negotiation carefully and strike while the iron is still hot. After lunch might not be the worst time to talk to your boss either.
Tell Them Why They Want To Give You A Raise:
After making a concise and straightforward list singing your praises, backed by data and numbers, present the idea to your boss and give them reasons to give you a raise. Consider all the things you can bring to the team in subsequent years and use that to add to your argument.
Don't Be Coy:
You have come this far, and this is one point that you must be sure about before entering into negotiations with your employer. Ensure that you have an accurate figure or percentage before beginning the negotiation process. Never make the figure seem too much or too little, as both approaches will work against you. Alternatively, you can present a figure slightly higher than your target salary. How does the popular phrase go? "Shoot for the moon. Even if you miss, you'll land among the stars." That's the idea.
As you navigate the corporate world and your workplace, remember to keep a positive attitude. Thank your boss for their time regardless of the outcome, don't get involved in office politics, and drama if you can avoid it and make it clear to your boss that all you're looking for is a raise based on your results and not a promotion.