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If you’re in a position that requires you to need convincing in order to change jobs, this article will identify some tips for you on how you can negotiate salary and benefits at your current company.
Negotiating salary at your current job can be intimidating. It’s important to remember that you are entitled to a raise and you deserve it.
The first step is to determine what kind of raise you want. Do you want a one-time increase? Do you want a pay increase every year? Or do you just want the opportunity for more money in the future, for example by asking for a promotion or new responsibilities?
Next, think about how much money you need before going into this conversation. You can use our Salary Calculator to determine what kind of salary would be appropriate for your unique situation. Just enter your current salary, desired salary and location as well as any other variables that might affect compensation (such as years of experience or education level) then click “Get Started.” The tool will display results based on industry averages so that you know exactly what others in your field make!
If your employer doesn’t offer a competitive salary, it’s time to negotiate! It’s best if both parties come prepared with facts rather than emotions when discussing compensation changes so make sure all relevant documentation is on hand when meeting with HR or upper management if possible; however even without these materials (
How to negotiate salary at current job
Negotiating salary before you begin a new job is an essential part of the process, but it can still feel like a lot to take on.
You’ll want to start by doing some research into what your role is worth in the current market, as well as researching what other similar roles are paying. This will help you determine what your skills and experience are worth, so that when you do finally get into negotiations with your employer (which hopefully will happen before they even offer the job), you’ll have strong information backing up any requests or demands that come up during those discussions.
Remember: You’re not just negotiating compensation; there’s also room here for discussing things like benefits or bonuses too!
Prepare yourself with these tips:
Do your research
Researching salary data is an important part of the negotiating process. Start by getting a general idea of what other people with similar experience are earning in your industry and location, then narrow your focus to look at salaries within your company. If you’re not sure where to start, use sites like Glassdoor or PayScale. They provide an easy way to find salary information on different roles and levels of experience, plus they provide valuable insights into how much companies value certain skillsets and work experiences.
For example, if I’m looking for a job as a mechanical engineer at an aerospace company in Seattle (where I live), there’s no need for me to bother searching for aerospace jobs in other locations or industries—the local market data will give me enough information about my options here.
Prepare your argument
- Research your market value.
- Consider how much time you’ve been at the company, and if there have been any performance reviews since then.
- List your achievements and contributions to the company, and make sure they’re quantifiable: “I increased sales by 10% this quarter” is better than “I did a good job helping out!” It’s also important to consider how these contributions relate to what you’d like in a raise or bonus; if you want more responsibility but haven’t demonstrated that either on the job or in school (if applicable), it might be hard for your boss to justify giving it to you right now.
Write a script
You may have heard that it’s best to be prepared for a job interview, but what about when it comes time to negotiate your salary? Do you have a script ready? I can’t stress enough how important this is. The more prepared you are, and the more confident you look and feel, the better chance you’ll have of getting what you want.
- Rehearse your script beforehand. Write down the key points you want to make in an easy-to-read format so that they’re fresh in your brain when it counts.
- Use notes rather than reading from them during negotiations—this will show confidence and allow for fluidity as the conversation flows naturally without being forced by having something written on paper right in front of your face at all times (which would make many people nervous).
- Practice with friends or family members before going into negotiations with someone who could potentially ruin their life forever by offering them less than they deserve! This is no joke—the stakes are high here; prepare accordingly!
Streamline the process
In order to streamline the process, create a script that helps you clearly communicate your value and expectations. Start by creating a list of what you want in the new role, then ask yourself how much money each item is worth to your company and to you personally. Once you have this information compiled, go ahead and write down everything in bullet points or as numbered points within an email template.
After that, think about whether or not there are any other ways in which you could demonstrate value beyond just making more money—for example, if there’s room for career growth at the new job so that it’s not just about making more money but also learning new skills; if there will be opportunities for professional development through conferences or mentorship programs; or if there are other benefits like health insurance benefits. Think about all these things when negotiating salary at current job because they can help make up for lost income from negotiating lower salary than expected (or even expected).
If possible, find out what others who work at similar companies earn in their roles as well as how much they get paid per hour if they’re hourly employees instead of salaried ones so that when discussing pay with recruiters during interviews (or after being offered the job), we’ll know what figures should be expected based on industry standards rather than our own personal experience outside of work environments where pay varies widely based on location or type of business involved.”
Knowing how and when to negotiate your salary is essential to getting what you deserve.
Negotiating your salary is a skill that can be learned through practice, but there are some basic methods to help you get started.
- Study the art of negotiation. Whether you choose to read a book or listen to an audio guide, these resources will give you the tools and strategies necessary to increase your chances of being successful in negotiations.
- Practice negotiation tactics. It’s important to put into practice what you’ve learned before attempting any real-life negotiations with others like bosses or clients because they’ll be able to tell if you’re not prepared for this conversation. If possible, try role-playing with someone who has experience negotiating salaries—this will help build confidence and make sure that all bases are covered before going into your first meeting!
- Study salary negotiation examples so that when it comes time for them (and it will) then everything will go smoothly without any surprises along the way.”
