Negotiating a salary raise can be frightening, but with the right approach, you can confidently secure the pay you deserve. Whether you’re asking for a raise in your current job or negotiating a higher offer, here’s how to do it like a pro. Eelive brings you six ways to negotiate a salary raise like a pro:
1. Do Your Research
Before initiating the conversation, gather data on industry salary standards for your role. Understanding your worth gives you a solid foundation for negotiation.
2. Highlight Your Contributions
Employers grant raises based on value. Make a list of your achievements for the organisation, Examples of such contributions include:
- Increased revenue or productivity.
- Successful projects you led.
- Positive feedback from clients or colleagues.
- Any additional responsibilities you’ve taken on.
3. Choose the Right Timing
Timing is crucial in salary negotiations. The best times to ask include:
- During performance reviews.
- After successfully completing a major project.
- When the company is financially stable and growing.
Avoid asking during budget cuts or when your boss is overwhelmed.
4. Practice Your Pitch
- Rehearse what you’ll say to ensure confidence and clarity. Structure your request like this:
- Start with gratitude for your current role.
- Highlight your achievements and the value you bring.
- Mention your research on salary trends.
- Politely ask for a specific salary increase or percentage.
5. Be Prepared for Counteroffers
Your employer may not immediately agree to your request. If they offer less than expected, consider negotiating benefits like:
- Performance-based bonuses.
- Additional vacation days.
- Professional development opportunities.
6. Stay Professional and Positive
Even if the answer is “no,” remain professional. Ask for feedback on how you can work toward a raise in the future and set achievable goals with your manager. This keeps the conversation open for future discussions.