Thursday, May 14, 2020

7 savvy ways to negotiate the salary you deserve - Debut

7 savvy ways to negotiate the salary you deserve - Debut Negotiations are a tricky part of life. Do it right and you achieve safe release of any hostages, do it wrong and a supervillain blows them all sky-high but theyre no picnic in the office either. You and your manager arent always gonna see eye-to-eye, so going head-to-head with them is all the more nerve-wracking. And thats all before you even add salary to the mix. Remuneration is an important topic in the work place, and if you feel you should get more for what youre doing, its important that youre able to talk about it. Negotiating the salary you deserve neednt be a difficult time either. Just keep these things in mind and youll dramatically grow your chances of success. Do your homework Dont go in blind. Remember, knowledge is power. Youre probably not the only person in the world to have your job title, so have a look around. Check sites like Glassdoor and talk to friends with similar jobs to get a feel for what the standard pay is and how much you can ask for. Note: make sure to get data for a diverse cross-section of society, i.e. male and female, different races and ages, lest you fall afoul of any pay gaps. Time it well Good things come to those who wait, and sometimes the timing for a pay rise wont be as perfect as you hope. A good time might be after a particularly profitable quarter, a new wave of investment or a good time for your industry as a whole. Alternatively, you can make your own opportunity by going above and beyond and working at a high level for a long time. It may take a while but once youve proved your worth, no-one can deny you. Support your claim with data Your word against your managers word isnt really enough to get the job done. You need to come correct with quantifiable statistics that express your contribution to the company. Track everything you do in the weeks leading up to your negotiation meeting and make sure you bring up the stuff that makes you eligible for a payrise. Be the first to throw a number out This part is all psychological. Take the initiative and use your research to show that you know what you want. Being the first to quote a figure puts you in an advantageous position when it comes to negotiating since youve chosen the starting point. As youd expect, your manager will likely counter with a lower offer before you settle somewhere in the middle, so start higher than you aim to end up. Remember its not all about the money You need to also consider being flexible if its not possible that your demands will be met. Say you can only get a £2,000 instead of the £4,000 you wanted. Maybe you could get some more flexible hours or a bit more holiday to compensate? Salary negotiations need not revolve around a paycheck theres plenty else you could ask for in the interim. Dont be afraid of no Youre going to hear the word no a lot during negotiations. Thats okay though. Negotiations cant start in earnest until someone says no. No begins the process in which you work your way to a solution that fits both you and the company. And no no is permanent  in this situation. Be patient Above all, patience is the key. You might not come to a solution right away or negotiations might come to a standstill. But dont worry, this doesnt mean a pay rise is entirely off the cards. Your manager just might want to see a little bit more from you or perhaps the timing is off. Either way, keep killing it, be persistent and dont get frustrated. Its gonna happen. Connect with Debut on Facebook, Twitter, and LinkedIn for more careers insights.

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