How To Negotiate A Raise

2024 Author: Steven Freeman | [email protected]. Last modified: 2023-12-17 08:15

One of the questions I get very often is how to negotiate a raise. Actually, this topic is very uncomfortable, especially for women.

Why? Because there are many myths on this question. Among them that all negotiations are for men, that it is a process of confrontation, that women need to educate themselves on the art of how to negotiate, or they simply have the belief that colleagues have more experience.

So what do we do to ask for what we think we deserve? Here are some little tips that can help you.

Make a list of your achievements:

• What additional responsibilities have you assumed?
• How much have you contributed to your team, your clients and the company you work for?
• What difficulties does your company have in the market? What can you contribute?

Educate yourself:

• Prepare emotionally. It is natural to be nervous before and during the meeting.
• Find out how much people in your position earn at other companies in the same industry [https://www.payscale.com, https://www.glassdoor.com or
• Have a proposal of what you think you deserve

Find the right time:

• Practice what you are going to say.
• Make an appointment to have that conversation.
• Avoid busy or chaotic moments.
• Prepare notes for the conversation.
• Ask for what you want.

What do you do if the boss tells you that there is no budget for what you ask for?

• Try to negotiate more free time
• Introduce the idea of being able to work outside the office
• Research the possibilities of taking courses that help you advance your career
• Ask to participate in special projects that give you access to other parts of the company

First of all, arm yourself with information and maintain your professionalism at all times. Luck!

Roxanne Flores is Senior Vice President of the Human Resources department at Time Inc.

@FloresRoxie