One of the most important aspects of work, as the likes of Robert Jain will attest, is what you make. You might think that you have a comfortable life given your salary, but there is always room for improvement. If you believe that you work well, there's nothing wrong with negotiating your pay so that, hopefully, you can end up making more. For a better understanding of how this can be done, start with the following do's and don'ts. Your chances of earning a better pay will be greater.
One of the do's of negotiating your pay - and names such as Bob Jain will agree - is by being open to discussion. Instead of simply saying that you want to make a certain amount each year, create a dialog with your boss. Discuss opportunities for growth that, in theory, will allow you to make more money based on responsibilities that can be taken up. This is just one of the many ways to negotiate what you make the right way.
You should also be mindful about stating your position with as many details as possible. If your goal is to negotiate your salary in the hopes of making more money, understand that simply requesting it won't yield the results you're looking for. Instead, discuss how you benefited the company. Talk about the strides you've made in not only helping co-workers but clients as well. These details will make it easier for negotiations to be made.
Now that you know a few ways to effectively negotiate your pay, let's discuss a few methods that should be avoided at all costs. One of the most important is to negotiate in a timely manner. For instance, if you decide to discuss your salary a few years into your tenure, you're more likely to receive what you want or, at the very least, a compromise that benefits all parties. Negotiating too early into your tenure may not yield such results.
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.
One of the do's of negotiating your pay - and names such as Bob Jain will agree - is by being open to discussion. Instead of simply saying that you want to make a certain amount each year, create a dialog with your boss. Discuss opportunities for growth that, in theory, will allow you to make more money based on responsibilities that can be taken up. This is just one of the many ways to negotiate what you make the right way.
You should also be mindful about stating your position with as many details as possible. If your goal is to negotiate your salary in the hopes of making more money, understand that simply requesting it won't yield the results you're looking for. Instead, discuss how you benefited the company. Talk about the strides you've made in not only helping co-workers but clients as well. These details will make it easier for negotiations to be made.
Now that you know a few ways to effectively negotiate your pay, let's discuss a few methods that should be avoided at all costs. One of the most important is to negotiate in a timely manner. For instance, if you decide to discuss your salary a few years into your tenure, you're more likely to receive what you want or, at the very least, a compromise that benefits all parties. Negotiating too early into your tenure may not yield such results.
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 more details about finance, kindly consult Bobby Jain today.. Free reprint available from: The Do's And Don'ts Of Payment Negotiation, With Robert Jain.
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