7 Salary Negotiation Strategies You Must Know
Were you offered a new job recently, but hoped for a better salary? Or, have you been at your present place of employment and think it's time to ask for a raise? If either of these two situations sounds like you, you'll definitely want to keep reading.
Today, we’ll cover seven salary negotiation strategies anyone can use. If the task seems too difficult or you simply are unsure on when’s the best time to ask for a better salary, you can turn to DoNotPay.
We know how to speak legalese in such a way that you have a better chance of success in getting that raise. Read on to find out more.
Understanding Salary Negotiations
Empowerment is key here and length of time of employment, such as being an old-timer or a new hire, shouldn't impact this empowerment.
Below are some important steps to take during salary negotiations:
||You've got to be able to prove that you are worth being invested in. You can do this by showing how you've provided value to various employers.|
||Even if your case is air-tight, you may face resistance. You'll need to be ready to justify your request and be prepared to address resistance if it comes up.|
||You need to be willing to consider lowering your demand if a reasonable option is offered. However, you don't want to immediately say yes. You must be sure that whatever compromise you make is acceptable to you.|
By keeping these points in mind, you'll be able to respectfully and successfully negotiate a raise.
7 Salary Negotiation Strategies That Work
Knowing salary negotiation strategies does not guarantee that you will get the increase that you are looking for. These key strategies, however, can improve the chances of your request being granted.
- Talk to your boss after a major accomplishment.
- Approach management early in the morning, not when they’re ready to leave.
- Don’t ask for a raise right before or right after your employee evaluations.
- Be ready with documentation to prove your accomplishments.
- Practice your conversation with a friend.
- Don’t tell your co-workers. Workplace sabotage does exist and you wouldn’t want for your colleagues to know of your intentions too early.
- Dress for success!
Now that you’re ready with some salary negotiation strategies, let’s talk more about raises and how DoNotPay can help you in getting one.
About Pay Raises
Frequency of Getting a Raise
The general rule of thumb for getting a raise is once per year. However, if you're rising through the ranks or have taken on new responsibilities, it may be a good time to ask for a raise.
Annual Raise Amount
There's no firm rule on how much of a raise you should get each year. A good expectation is about 3%. Again, this depends on what you do, where you work, and the financial position of the company.
How to Negotiate a Raise on Your Own
You can either talk to your employer in person or send/present them a letter of salary negotiation. If you're meeting in person, you'll need to be dressed professionally and be willing to negotiate, not just make your request without having clear and verifiable evidence to back it up.
If you're not a public speaker, this could be difficult. If you're taking the route of a letter of salary negotiation, it needs to be formatted in a professional way. In either case, it may take some time to get a response.
Next Steps to Negotiate a Salary Raise
As you can imagine, negotiating a salary raise on your own can take a long time and can be frustrating. However, there is a better way. DoNotPay can help.
DoNotPay Knows Salary Negotiation Strategies
Having trouble negotiating a salary? DoNotPay is the perfect solution for you. You need someone on your side to back you up.
Here's how DoNotPay works for negotiating your salary:
- Search "negotiate my salary" on DoNotPay.
- Enter the name of your company and the industry you work in, so we can find the right wage statistics for your role.
- Answer a series of questions regarding your qualifications and achievements, relocation expenses, and other job offers if applicable.
- Enter the new base salary you would like to request.
That's it! Once you've entered all the information needed, DoNotPay will generate an official salary negotiation letter that can be printed and presented or e-mailed to your employer. You can rest easy knowing all your documents look professional.
Other Services by DoNotPay
Beyond helping you with salary negotiation techniques, DoNotPay can help with many different tasks. Here are a few:
- Asking for a raise in an email
- Reduce property taxes
- Cancel subscriptions and memberships
- Fight workplace discrimination
- Get chargebacks and refunds
Sign up with DoNotPay to accomplish more while spending less time, money, and effort.