Every professional comes to the point in their career when they must negotiate a higher salary, but it can be nerve wrecking.
Asking for the pay you deserve is a necessary thing, that takes real thought and confidence to pull off successfully. Some people are very unrealistic when thinking about asking for more money, because they often think it can happen in a short amount of time or for doing just satisfactory work.
According to Paysa 35% of manager suggest asking for a raise when you are doing excellent work. Other reasons suggest by hiring manager for why you should ask for a raise include being asked to take on more difficult work, and being underpaid compared to others in the same field.
Some of the worse reasons to ask for a raise varied from the company you work for can afford it and because you hate your job. Trying to get more money from a large company because they can won't go over well with your boss. And earning more money in a job you hate, isn't going to make you like it any better.
It's important to pay attention and ask questions during the hiring process so you can get a salary you are comfortable with from the start. No need to ask for a raise when you've only been their a year or less.
Here are 5 tips to give you the confidence to ask for the pay you deserve:
Don't make it personal.
Your annual review isn't the time to talk to any personal relationship you have with your boss. Asking for a raise is a tough thing to do, and people are often told no the first try. If you receive a no, don't bother making your approach about how much you have done for your manager, that you always babysit, or how much you bonded at the company retreat. Your reasons for deserving as yet should be much more impressive.
Also, don't take it personally when get told no. It's not because your boss doesn't like you (not necessarily) but maybe you haven't proven yourself yet.
Focus on the numbers.
Again, its not about you personally - so don't make it about that. When you are rehearsing your pitch, think about all the things you were able to accomplish, the challenges you overcame and have the numbers to back it up. Nothing says you deserve a raise more than having proof that you impacted the company's bottom line.
You have to practice if you want to sound sure of yourself. Sit down with a friend and rehearse exactly what you plan to say and ask for feedback. Reach to your mentors and see what they suggest for the meeting. Don't be afraid to go over your pitch with them as well.
Confidence is key. You have to exude confidence to make it clear that you mean business. Take extra time getting ready that day - put on some makeup, style your hair and wear your best clothes. Wear something you won't have to fiddle with all day and can feel good in. When you look good, you feel good; and when you feel good, you do good.
Make it about company success.
Like I mentioned before, this isn't personal and not entirely about you. If you are doing excellent work, it means that you are an engaged employee. When you are engaged and doing great work, you obviously care about the company and its growth and success.
Express that. Let your manager know that this raise is needed to allow you to continue making the company more successful, without burning out from your job. After all, your raise isn't solely about more money but more benefits too.
Have you ever negotiating a pay raise? What are your suggestions?