If you've been at your place of work for a few years, there's a good chance that you enjoy multiple aspects of it. Perhaps you like the people that you work with or maybe there are certain benefits, like dental and vision, that are simply too good to pass up. Regardless, you may believe that you can make more money. Payment negotiation, despite how intimidating it might be on the surface, doesn't have to be challenging. Here are a few do's and don'ts that Robert Jain can provide for this purpose.
When it comes to payment negotiation, openness is key. You may be inclined to simply throw out the first number that comes to mind, but this doesn't necessarily open a conversation. Instead, speak about opportunities within the workplace. Discuss your progress at work and what can be done, if anything, to improve your chances of making more money. Conversations like these matter and names like Bob Jain will say the same.
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.
You shouldn't be rigid when it comes to the negotiation process, either. No matter how hard you have worked or how many results you produced, the truth is that your expectations may not be possible. This is where compromises come into the picture. Work with your employer to see if there is a middle ground that can benefit everyone. You won't be able to reach such middle ground, however, unless you're willing to work with your employer.
When it comes to payment negotiation, openness is key. You may be inclined to simply throw out the first number that comes to mind, but this doesn't necessarily open a conversation. Instead, speak about opportunities within the workplace. Discuss your progress at work and what can be done, if anything, to improve your chances of making more money. Conversations like these matter and names like Bob Jain will say the same.
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.
You shouldn't be rigid when it comes to the negotiation process, either. No matter how hard you have worked or how many results you produced, the truth is that your expectations may not be possible. This is where compromises come into the picture. Work with your employer to see if there is a middle ground that can benefit everyone. You won't be able to reach such middle ground, however, unless you're willing to work with your employer.
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For additional information about finance, please contact Bobby Jain now.. This article, Negotiation Do's And Don'ts, For Salary Purposes, By Robert Jain has free reprint rights.