Salary Negotiation TipsHow to ask for a raise and get the salary you deserve
Being good at what you do is not a 100% assurance for a high-paying job or career. To make the most out of your top-caliber skills you also have to be adept at maximizing their worth to employers in terms of dollars and cents. Before sitting with an employer for a job offer or a pay raise, it would be of great benefit to know some salary negotiation tips that can bolster your ability to highlight your capabilities or accomplishments. Your potential or actual contribution to an employer`s business objectives is the major factor which will determine how much you will be paid either as starting salary or a merit increase.
You can find many salary negotiation tips from how-to books and internet resources. Most of these materials harp on the importance of doing your homework prior to a job interview or a salary review with an employer. If you are being considered for a job in a company, a thorough knowledge of its line of business operations, as well as its history would be most helpful. With such a background, you will be able to effectively highlight your capabilities which can contribute to the further growth of the company`s line of business or to its competitiveness in the industry where it operates. Doing background research is now much easier as most companies maintain websites; much data on various industries can also be sourced online.
These resources can likewise be helpful for employees who are planning to seek a raise in pay from their employers. Labor experts agree that among the useful salary negotiation tips to follow is to have a firm reading of the pay levels prevailing in the different industries and the remuneration scale for various skills. Research on this information can likewise be accessed through the internet. The US Bureau of Labor Statistics` website is one rich reservoir of data on salary indicators for employees in business and industry. Accessing the websites of industry associations can likewise supplement such information.
It is also emphasized in most salary negotiation tips that the form is as important as substance in presenting an employee`s value proposition to his or her employer. In other words, you have to package yourself and your experience or track record very well prior to a job interview. An impeccably prepared resume providing detailed contributions, such as percentage of sales increase achieved, to a previous employment is one effective platform at getting a fat paycheck from a new job. On the same breadth, a well-documented presentation of job accomplishments can be a springboard for a substantial salary increase.
Both substance and form are therefore crucial elements in negotiating salary with an employer, be it for a starting pay or merit increase. Learn more about addressing both of these elements through the e-book "The Ultimate Guide for Salary Increase". This material, which can be accessed by following the link below, will provide you with salary negotiation tips and communication tools that can help you effectively highlight what you can do or has already done for a business or enterprise.