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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.
If you'd like to negotiate your pay, understand that being open works wonder. The reason for this is that it's easy to approach your boss with an abrasive demeanor, which the likes of Bob Jain will tell you is a less than ideal strategy. Instead of starting a conversation this way, try to discuss work-related opportunities instead. After all, these may lead to you being given an opportunity you wouldn't have had otherwise.
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 that you know a few ways to effectively negotiate your pay, let's discuss a few methods that should be avoided at all costs. One of the most important is to negotiate in a timely manner. For instance, if you decide to discuss your salary a few years into your tenure, you're more likely to receive what you want or, at the very least, a compromise that benefits all parties. Negotiating too early into your tenure may not yield such results.
A lack of flexibility is another component to avoid when it comes to negotiating what you make at your job. The reason for this is that, simply put, you may not be able to come away with the ideal result you're looking for. This doesn't mean that the conversation is simply shut down. In fact, it's in your best interest to work with your employer so that a compromise can be made. Not only will you come away from the discussion better from a financial standpoint, but it will show your worth as an employee that much more.
If you'd like to negotiate your pay, understand that being open works wonder. The reason for this is that it's easy to approach your boss with an abrasive demeanor, which the likes of Bob Jain will tell you is a less than ideal strategy. Instead of starting a conversation this way, try to discuss work-related opportunities instead. After all, these may lead to you being given an opportunity you wouldn't have had otherwise.
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 that you know a few ways to effectively negotiate your pay, let's discuss a few methods that should be avoided at all costs. One of the most important is to negotiate in a timely manner. For instance, if you decide to discuss your salary a few years into your tenure, you're more likely to receive what you want or, at the very least, a compromise that benefits all parties. Negotiating too early into your tenure may not yield such results.
A lack of flexibility is another component to avoid when it comes to negotiating what you make at your job. The reason for this is that, simply put, you may not be able to come away with the ideal result you're looking for. This doesn't mean that the conversation is simply shut down. In fact, it's in your best interest to work with your employer so that a compromise can be made. Not only will you come away from the discussion better from a financial standpoint, but it will show your worth as an employee that much more.
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For additional information about finance, kindly consult Bobby Jain today.. Free reprint available from: The Do's And Don'ts Of Payment Negotiation, With Robert Jain.
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