How to Negotiate Salary Offer in a Performance Review
Your performance review is coming up, and you are excited since you feel you've done an excellent job in the past year. While you may view your output as a success story worth a significant pay raise, your manager may not share the same sentiments. Performance reviews always feel like they're designed to put you at odds with your manager. That, coupled with you requesting a salary increase, can make for a tricky situation. DoNotPay can help you .
Tips to Negotiate a Salary
Provide Evidence of What You’ve Accomplished
Collect all documents regarding your accomplishments in the few months before your yearly review. Keep a record of all projects you've overseen, any positive customer feedback, or successfully implemented strategies. Also, do your research on the going pay rates in your field and your title.
Tie the Accomplishments to Added Value
The achievements need to prove that you added value to the company in one way or another. You can verify that Strategy A helped the company save money in various ways. You can also show how much sales you've increased or how many customers you've brought to the company.
Go In With a Figure in Mind
Always have a figure in mind when walking into your annual review. This also includes the perks and benefits. Ensure you are clear on the salary you would like, and any other benefits you feel should come with the job.
Avoid Justifying Your Case
Don't use personal needs as leverage. Remember your performance review has nothing to do with your expenses but everything to do with your work as an employee. Set aside your issues, such as financial woes, and don't plead for the raise.
Don’t Put Down Your Colleagues
Your colleagues might be earning higher than you for different reasons. Possibly they have proven their worth to the company or have been with the organization longer than you have. When negotiating for a salary increase in your annual review, don't put down their accomplishments by claiming you've done much better. Also, don't say you know how much they earn. You'll only appear petty.
Reasons to Get a Raise
When discussing your salary increase in your annual review, you need to prove why you deserve a raise. The reasons can be:
|Length of employment
|If you've been with the company for a while, your salary needs to have increased. You can remind the manager how long you've been an employee at the organization to prove your case.
|You got promoted
|A promotion means you're earning more. Before accepting the promotion, ensure your salary will be increased. Otherwise, you'll have the same income for extra responsibilities.
|You have more responsibilities
|If your responsibilities increase even without promotion, it causes you to ask for a salary increase.
|As the cost of living rises, so should your compensation. Your employer needs to pay competitive wages that match the cost of living.
How to Ask For a Raise on Your Own
Here's how to navigate a salary negotiation performance review to get a higher salary:
- Wait for the opportunity to present itself: Wait for the manager to go through your review detailing your accomplishments within the year. After they are done with your performance review, they may ask you for your opinion or questions. This is the perfect time to make the request, as your accomplishments have already been highlighted.
- Make your case: Ensure you have all the research to make your case. Gather all the documentation and pay rates in your industry to prove why you need to be making more than what you currently are making.
- Know how much you want: Ensure you know how much of a salary increase you want before walking into the review. This will show you were prepared for this moment and have done your research. It also shows you know your worth.
- Be open to anything: The company may be able to honor your salary increase request currently but may offer benefits in return. Find out more about the benefits before agreeing to anything.
- Be gracious: After the meeting with your employer, finalize by thanking them for their time regardless of how the meeting went.
Ask For a Salary Increase With DoNotPay
During a salary negotiation performance review, you need to be prepared and have your facts right. It's okay not to know what to write or say. Luckily, DoNotPay has a solution. Here's how it works:
- Search for 'Negotiate My Salary' on DoNotPay.
- Fill in your company's name and the industry you're in for us to compile wage statistics in your field.
- Write your achievements and qualifications.
- Enter your preferred base salary.
And that's it. We will generate a salary negotiation letter that you can send to your boss or use during your salary negotiation.
DoNotPay Works Across All Groups
Helping you figure out how to negotiate a salary increase at an annual review is one of our many salary-related services. We can also help you
- Ask for a raise by email
- Negotiate your salary
- Figure out how much money to ask for
- Get a raise
- How to ask for a raise
- How often can I ask for a raise
What Else Can DoNotPay Do?
Aside from helping you with your salary negotiation performance review issue, DoNotPay can also help you:
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