How To Ask For A Raise And Negotiate The Salary You Deserve
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"Did You Know Many Employees Don’t Get A Raise Because They Don’t Ask For One?"
A salary.com survey found that only 12% of workers ask for more money during their annual performance reviews. And nearly half of the total employees (44%) never bring up the subject of a raise at all.
Passing up just one opportunity to negotiate for a higher salary can have staggering consequences over the course of a career. Michael Farr and Dick Gaither share the following example in their book Next-Day Job Interview:
“An 18-year-old high school graduate negotiates for $21,000 per year instead of accepting the $20,000 per year that was initially offered:
1. That graduate then gets an average 3% raise each year.
2. He or she works for 50 years (normal in today’s world).
3. The result is this person ends up with at least $112,000 more during the course of his or her career lifetime than a person who didn’t negotiate for that extra $1,000.”
Just $1,000 more a year -- a relatively small increase -- had an impact of over 100 times its original worth. And if even a portion of that extra income is invested, the impact could increase many times over.
Isn’t that potential worth any little bit of awkwardness experienced during a review?
Many people don’t ask for a raise because they’re afraid of appearing greedy, offending their employer, or being turned down, which are all common reasons for staying silent. Don’t let your fears keep you from earning the salary you deserve!
Here's what you need to know now to ask for a raise.
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How To Ask For A Raise And Negotiate The Salary You Deserve - M. William Hall
HOW TO ASK FOR A RAISE AND NEGOTIATE THE SALARY YOU DESERVE
M. William Hall
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Published by:
Laurenzana Press at Smashwords
Copyright (c) 2012 by Laurenzana Press
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Table of Contents
Introduction: You’re Your Own Advocate
1. Do Your Homework
2. Take Notes
3. Start Early
4. Time it Right
o You’re a newcomer at your company or in your position
o When you haven’t been performing well on the job
o When your company is facing financial struggles
o When you’ve been consistently meeting or exceeding expectations
o When you’ve knocked it out of the park
5. Know and Exceed Expectations
6. Use Salary Statistics with Care
o Be objective and honest about your qualifications and responsibilities when you search for salary data
o Consider your location
o Consider the source of your information
7. Don’t Make it Personal
8. Prove Your Value
9. Ask the Right Way
10. Practice! Practice! Practice!
11. Be Specific
o Did I save the company money?
o Did I save the company time?
o Did I bring in new business?
o Have I increased customer satisfaction?
o Are more co-workers staying at the company because of me?
o Did I generate positive publicity?
12. Use Body Language to Your Advantage
o Make eye contact
o Have a firm handshake
o For heaven’s sake, smile!
o Stand or sit up straight
o Don’t cross your arms
o Use a power position
o Sit confidently
o Keep your hands to yourself
o Keep your hands in the open
13. What If?
14. Have the Right Perspective
15. Sandwich Your Request Between Two Positives
16. Appeal to the Company’s Motivations
17. Be Likeable
o Be polite
o Smile
o Make people laugh
o Take interest in what people care about
o Give credit where credit is due
18. Keep Your Mouth Shut!
19. Plan a Counter-Offer
20. Be Sensitive
21. Incentive Pay
22. Seek a Promotion
23.