How to Negotiate a Higher Salary
When it comes to negotiating your salary, the worst case scenario is that you don’t get a salary increase. This can definitely be uncomfortable and even embarrassing. However, you should NOT take a job offer off the table just because they didn’t give you a salary increase. You can still negotiate a higher salary or even negotiate other perks like more vacation time, more benefits or flexible working hours.
The research 🔎 is clear:
Those who ask for more money are likely to get it, and those who don’t ask may lose out on hundreds of thousands of dollars over the course of their career.
But salary negotiation is only one option for boosting your pay my LOVERS !
Let’s learn more about some others…
#1 TRANSFER TO ANOTHER DEPARTMENT: Love your employer but want more money? Ask about a transfer to a different department at the company. Look for signs that other teams at the organization have more room for growth.
#2 TAKE YOUR TRANSFERABLE SKILLS TO A NEW JOB: Do you feel like you’re at a professional dead end? You may be working in a career field that doesn’t have much room for growth. These abilities can increase your worth in more than one job role or industry.
#3 EARN HOT SKILLS: Picking up in-demand skills can help you get a promotion, land a higher-paying job, or earn more money without changing a thing. The last option depends on your company placing a premium on a certain skill set and recognizing the value of those skills in their compensation planning process. Be sure to ask your manager what skills are most valuable for your role.
#4 GET A NEW JOB: Changing jobs can be lucrative. Job changers experienced a 6.6% wage increase year-over-year for the third quarter of 2021. Workers who stayed at the same job, however, had their pay rise by 4.8% year-over-year.
You can use these three strategies to make yourself a hot commodity. If you get a job offer that’s higher than your current salary, you can negotiate for even more money. Or maybe you’ll prefer to do your research and then ask for more money from the employer. Ultimately, it’s up to you to decide what the best strategy is for you. You deserve to be paid fairly for the work that you do and how much value you add to your organization. But don’t settle until you’re paid exactly what you want (or even more if you have some negotiating power).