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If you've been at your place of work for a few years, there's a good chance that you enjoy multiple aspects of it. Perhaps you like the people that you work with or maybe there are certain benefits, like dental and vision, that are simply too good to pass up. Regardless, you may believe that you can make more money. Payment negotiation, despite how intimidating it might be on the surface, doesn't have to be challenging. Here are a few do's and don'ts that Robert Jain can provide for this purpose.
One of the do's of negotiating your pay - and names such as Bob Jain will agree - is by being open to discussion. Instead of simply saying that you want to make a certain amount each year, create a dialog with your boss. Discuss opportunities for growth that, in theory, will allow you to make more money based on responsibilities that can be taken up. This is just one of the many ways to negotiate what you make the right way.
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.
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.
One of the do's of negotiating your pay - and names such as Bob Jain will agree - is by being open to discussion. Instead of simply saying that you want to make a certain amount each year, create a dialog with your boss. Discuss opportunities for growth that, in theory, will allow you to make more money based on responsibilities that can be taken up. This is just one of the many ways to negotiate what you make the right way.
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.
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.
About the Author:
For additional information regarding finance, kindly consult Bobby Jain today.. Also published at The Do's And Don'ts Of Payment Negotiation, With Robert Jain.
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