One of the most important aspects of work, as the likes of Robert Jain will attest, is what you make. You might think that you have a comfortable life given your salary, but there is always room for improvement. If you believe that you work well, there's nothing wrong with negotiating your pay so that, hopefully, you can end up making more. For a better understanding of how this can be done, start with the following do's and don'ts. Your chances of earning a better pay will be greater.
When it comes to payment negotiation, openness is key. You may be inclined to simply throw out the first number that comes to mind, but this doesn't necessarily open a conversation. Instead, speak about opportunities within the workplace. Discuss your progress at work and what can be done, if anything, to improve your chances of making more money. Conversations like these matter and names like Bob Jain will say the same.
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 let's discuss some of the things that shouldn't be done when it comes to negotiating one's payment. For instance, you should be mindful about negotiating too early into your tenure. After all, you might not have proven yourself up until that point. If you want to be paid more, it's important to show why you deserve it. This should be done steadily over the course of time, which speaks to the importance of timeliness in this regard.
You shouldn't be rigid when it comes to the negotiation process, either. No matter how hard you have worked or how many results you produced, the truth is that your expectations may not be possible. This is where compromises come into the picture. Work with your employer to see if there is a middle ground that can benefit everyone. You won't be able to reach such middle ground, however, unless you're willing to work with your employer.
When it comes to payment negotiation, openness is key. You may be inclined to simply throw out the first number that comes to mind, but this doesn't necessarily open a conversation. Instead, speak about opportunities within the workplace. Discuss your progress at work and what can be done, if anything, to improve your chances of making more money. Conversations like these matter and names like Bob Jain will say the same.
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 let's discuss some of the things that shouldn't be done when it comes to negotiating one's payment. For instance, you should be mindful about negotiating too early into your tenure. After all, you might not have proven yourself up until that point. If you want to be paid more, it's important to show why you deserve it. This should be done steadily over the course of time, which speaks to the importance of timeliness in this regard.
You shouldn't be rigid when it comes to the negotiation process, either. No matter how hard you have worked or how many results you produced, the truth is that your expectations may not be possible. This is where compromises come into the picture. Work with your employer to see if there is a middle ground that can benefit everyone. You won't be able to reach such middle ground, however, unless you're willing to work with your employer.
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For more details about finance, kindly consult Bobby Jain now.. Also published at Negotiation Do's And Don'ts, For Salary Purposes, By Robert Jain.
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