5 Tips On Negotiating A Raise You Deserve At Work
If you are working your butt off but not being paid the monies that you deserve, we think it is time that you negotiated a pay raise with your employer. We caught up with Terry, 46, a senior manager at a recruitment agency that hires for the IT, Banking and Management sectors. Terry gives us these 5 tips to use when you want to negotiate a raise with your employer.
1. Know the industry average for your profession
“This tip to negotiate a raise with your employer is really not rocket science. Take a look at the industry averages for your profession. Companies, especially the big corporate houses, pride themselves in being at par with the industry averages especially when it comes to compensating their employees”, says Terry. You can negotiate a raise with your employer if you point out to them that you are being paid less than others who are working in the same profession in the industry.
2. Show your bosses that you can get the job done
In any company or work environment, bosses love to hire women who can get the job done. Are you one of them? Do you make sure that the tasks you’ve been given get completed regardless of any issues, problems or situations there may exist? If you are, Terry advises that you raise this point when you try to negotiate a pay raise with your employer. “Remind your bosses that they will be chopping off their own arm if they don’t give you a pay rise”, chuckles Terry.
3. Remind your bosses that a raise for you is in the interest of the organization
“If you are working under a manager or a boss who is not the owner of the company or organization, it is important to remember that he/she too, is an employee of the same organization. Both your interests lie to further the performance and profitability of your organization”, quips Terry. While you negotiate a pay raise with your employer, make sure that you point out how you are an asset to the company and how you can play a role in increasing profitability or performance of your organization in the long run.