One of the most challenging parts of being a contracted employee is negotiating your salary. You want to make what you believe you're worth, after all, which is why it's important to open up to your boss or business owner about room for improvement. For those that would like to tackle the matter of negotiating payment, there a few ways that it should be done. Here are the few do's and don'ts that, according to Robert Jain, will improve your chances of boosting your pay.
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.
Next, state your case as clearly as possible. Discuss why you believe you deserve more money for the work that you do. Offer hard facts and statistics including the improvements you've made in your work, how it's benefited the company from a financial standpoint, and what have you. The more that you offer in the way of numbers and clear examples, the better your chances will be of making more money in the long term.
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.
A lack of flexibility is another component to avoid when it comes to negotiating what you make at your job. The reason for this is that, simply put, you may not be able to come away with the ideal result you're looking for. This doesn't mean that the conversation is simply shut down. In fact, it's in your best interest to work with your employer so that a compromise can be made. Not only will you come away from the discussion better from a financial standpoint, but it will show your worth as an employee that much more.
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.
Next, state your case as clearly as possible. Discuss why you believe you deserve more money for the work that you do. Offer hard facts and statistics including the improvements you've made in your work, how it's benefited the company from a financial standpoint, and what have you. The more that you offer in the way of numbers and clear examples, the better your chances will be of making more money in the long term.
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.
A lack of flexibility is another component to avoid when it comes to negotiating what you make at your job. The reason for this is that, simply put, you may not be able to come away with the ideal result you're looking for. This doesn't mean that the conversation is simply shut down. In fact, it's in your best interest to work with your employer so that a compromise can be made. Not only will you come away from the discussion better from a financial standpoint, but it will show your worth as an employee that much more.
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