Did you just get a new job? Are you in the position to negotiate your salary? Are you wondering how to negotiate a salary increase? Have you been working at your job for a while doing an excellent job and are wondering how to ask for a pay raise? Wondering how to write a job offer negotiation email? We have got the answers. Read on.
It is perfectly acceptable to have a transparent conversation with your employer or future employer about your salary. It’s going to be how you make a living right? I know that talking about this topic can feel taboo, especially for millennials. But if you have to save money from your salary, there’s no better way to begin other than requesting a pay raise.
As per the study guide, only 43% of workers negotiated their salary during their last job offer.
Negotiating for a salary raise can cause a nervous wreck by just thinking about it. It’s probably right up there with calling and making your appointments when you first prepare for the interview. Can we agree?
But negotiating for the salary you deserve is not as difficult as you may think. Don’t look at it as a war or future debate.
Just look at it as you discussing getting the pay that you deserve. You have to be willing to speak up about your salary and talk about the pay you want to get, or you will never get it. Closed mouths don’t get fed.
However, there is a way to do this.
You don’t want to walk up to your boss casually at an office party or after work when everyone is leaving. Additionally, you do not want to step in on your first day of work asking for more money once you hear how much others are making.
You want to be professional, and you want to have a sound case so that when you ask for this raise your employer has no real leg to stand on not giving you one. You can either voice your opinion through an interview or the mail. If you wish you can also go through some samples of salary negotiation email.
So how to ask for pay raise like a pro? Continue reading the tips for negotiating a better salary like a pro!
How to Negotiate Your Salary Raise or Pay Raise?
You must know the tips and tricks on how to negotiate a salary increase. Have a look at some of the best salary negotiation tips.
1. Be strategic in the timing to negotiate your salary
There’s a time for everything. You will up your chances of actually getting a better salary if you are careful of when you negotiate it. If you are about to start the new job, the best time to negotiate your salary is before you start the job.
Negotiate the salary once you have the offer letter in your possession.
The company will not take it well if you try and attempt to get a higher salary once you’ve already accepted the position as is. Another good time to negotiate salary increases is when you’ve proven yourself as a legit and vital member of the team.
If you can give an example of how valuable you are within a decent amount of time, then it’s a great time to negotiate. You shouldn’t try negotiating for a better salary if you don’t have any reason you can provide.
According to Forbes, Suzanne Roff-Wexler, Ph.D. psychologist and founder of CompassPoint Consulting says her intuitive preference to ask for a raise would be on a Friday mid-morning.
Assuming the person you would ask is probably in a good mood and looking forward to a nice weekend.
https://alignthoughts.com/what-are-the-scientific-reasons-behind-disliking-mondays/
2. Don’t accept the first offer
When you ask for a pay raise, you are likely going to get an offer. Do not take that offer. Why? Companies often expect people to want to negotiate the salary so they try and give a low ball number that is higher than the original salary but, not nearly what they could be receiving.
If you accept the first offer, know that you missed out on getting what you truly deserve. Similarly, if you are confused, you can take sometime before you respond. Furthermore, you can also send a salary negotiation email (you will find many sample emails on the net).
3. Research what your job is worth
As per Fortune, only, (36%) of employees at the most profitable companies agree that they’re paid what they’re worth.
I am going to use Social media management as an example. If you are a social media manager for a company and you are making a certain amount of money, but you feel it’s about time to get a raise.
- Before going in there, research the position of social media management. Look at the average salaries for the job.
- Compare it to what people are getting paid concerning their experience.
- See how much education other social media managers have in marketing management before getting the amount they are getting paid.
- Make sure that you know the statistics of the monies that should be expected in your position.
A lot of companies will try to bombard you with statistics that support them by paying you less, and you want to be prepared for that. Research is a crucial salary negotiation tip.
https://alignthoughts.com/why-corporate-culture-is-becoming-even-more-important/
4. Know how much you deserve to get paid
Before going into the negotiation, you need to know what it is that you deserve to get paid. Look at how much you were initially offered or have initially been getting paid. Then, look at how well you do at your job and how much money or business you are bringing the company.
Once you use that information and apply the research you did before to this information, that will give you the number that you deserve to get paid for what you do. That will help you decide on how much money you should be shooting to get out of this negotiation.
5. Prepare an explanation for why you want your deserved salary
Wanting more money for the sake of wanting more money isn’t going to cut it. Now is the time to prepare the speech on why you need this salary raise as well as why you deserve it. Get your thoughts and words together.
Sample Explanation for Pay Raise:
I’m delighted to be a part of the team in contributing XXX. Based on my recent research on the market standards for my experience and my current competencies, I believe to have a pay raise in the upcoming cycle. I am also a go-to member in the team with skills and knowledge from every sector that my peers lack. So I deserve to have a salary hike to feel more rewarded. Please feel free to share your thoughts. I look forward to speaking with you soon.
6. When you negotiate a salary, don’t overdo it
When you negotiate a salary, don’t be greedy. The most important salary negotiation tip is to be reasonable. Make sure that what you’re asking for, you deserve. It doesn’t make any sense to ask for a 40% raise suddenly.
You need to be rational and gradually grow your salary within a company. So don’t go in there with dollar signs because that will become too apparent and you will likely lose favor with your employers as well as not get the salary that you desire. Similarly, don’t overdo it in your salary negotiation email and check samples before writing a mail.
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Should you go for that salary you deserve? Yes, you should.
Just like you should probably make that doctor’s appointment. However, it is essential to know what to say and how to go about things. There are an appropriate time and place for everything. To get the pay you deserve, you’re going to have to put in a little prep work. You can research about sample salary negotiation emails or interviews online.
The good thing about that is that once you have all of these things in order, you are so much more likely to go in there with confidence which in itself improves your chances of getting your salary increased.
Salary Negotiation By Email or In-Person?
Most of us are uncomfortable to talk about salary. On top of that, asking for a raise can sound like a night mare. So for those who are not confident to walk up to their boss’s office and talk about salary, the best way to negotiate for a pay raise is to drop an email with all the details required.
Some of the essential notes of the salary negotiation email and the step by step process of writing a job offer negotiation email are:
- Begin with why you would love to take the job/ why you’re glad to be a part of the team
- Mention the reason why you deserve a raise
- Highlight your achievements so far
- Note down the unique skills you possess that out-stand you from the crowd
Salary Negotiation Email Samples
1. Negotiating a higher base salary before accepting offer
Dear Mr. Recruiter,
Thank you for offering me the XXX (Job Role/Position). I would like to express again how excited I am to begin working for your company.
Before I can accept the offer, I would like to discuss the matter of compensation. As we discussed in the interviews, I have three more years of experience than you required in the job description. I have also demonstrated my capabilities in my last position at my previous company by increasing sales in my division by 35%. With my expertise, an acceptable salary would fall in the range of $119,000-$212,000, a bit higher than your offer of $104,000.
I can certainly see a future for myself at the company, and I’m confident that I can bring add value to the team. I know that we can come to a mutual agreement on an acceptable salary.
Thank you for your time,
Your name
2. Negotiating a salary raise while working in a company
Dear Manager/Boss,
I’m really enjoying working as XXX (Job Role/Position) in the team for the past two years. I would like to express again that I’m glad that I have decided to work for your company and hope to continue the same in the future.
After the success of my previous project, I would like to discuss the matter of salary raise. As we discussed previously, I have my capabilities by increasing sales and building trust with the client. With my expertise, an acceptable salary would fall in the range of $119,000-$212,000, a bit higher than what you’re currently paying – $104,000.
I can certainly see a future for myself at the company, and I’m confident that I can bring add value to the team. I know that we can come to a mutual agreement on an acceptable salary.
Thank you for your time,
Your name
Key Takeaways for Negotiating Your Salary Raise
- If you have to save money from your salary, there’s no better way to begin other than requesting a pay raise.
- As per a study, only 43% of workers negotiated their salary during their last job offer.
- Negotiating for a pay raise isn’t a taboo thing anymore. And may not be as difficult as you may think. Start with these simple steps.
- Research what your job is worth and know the market standards
- Remember to be strategic in the timing to negotiate your salary. For example, cultivate skills from different areas and become a key player in the team. It increase your value and your boss wouldn’t let you leave so easily.
- Prepare an explanation for why you want an increased salary.
Did you like our salary negotiation tips? Are you thinking it is about that time for you to get a salary raise? Ready to negotiate a salary increase? What kind of tips would you give someone on how to ask for a raise? Comment all of your thoughts and answers down below!
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