Convincing your boss to increase compensation in the current role is intimidating and overwhelming. However, it does not need to be a nerve-wracking task. Instead, show your company that you are an asset and worth the investment.
If you are unhappy with your current hike, you can discuss the same with your superiors. And explain your contribution to the company.
In fact, we have asked many mentees about this concern and thought to share practical tips to consider. This article will teach you how to prepare for salary negotiations and remain effective during that time.
Know Your Worth
Though your superiors do your work, it is not wrong to admit that you are handling additional tasks also. So, you must play your part and know your capacity for an excellent salary or wage improvement.
You are your own advocate and must make the company believe your worth. It does not matter how good you are at your job profile or what skills you own; sometimes, it becomes essential to define your capabilities.
Certainly, recognition and praise are paramount, but salary increment is considerable also. Hence, making the necessary, proactive, and positive efforts is important.
Always negotiate
Considering salary negotiation for a new job is not an optimistic approach. It is essential to do that at all the opportunities in your hand, such as annual reviews, while taking new opportunities and when realizing that your market value is more comparative to the current salary.
For example, if you are a Facebook data scientist and want to confirm if you are getting paid right. Research with facebook data scientist salary according to the company size, the experience you hold, and the location. As a matter of fact, you will have a clear picture. Accordingly, you can negotiate the salary and earn the pay you deserve.
Expand your skills
Leverage the opportunities to expand the skill sets and enhance knowledge, like:
- Following the seniors/superiors
- Asking provocative questions
- Learning from online courses
- Attending seminars and conferences
- Reading academic books
With regular learning, you can show your dedication and commitment to the work. There are chances that your company might think to boost your income as per these opportunities.
Have clear communication
The employer’s profile juggles between managing several tasks and employees. So, there are possibilities that they cannot monitor everyone closely.
Consequently, they might not have realized that you deserve more salary compensation until you have said No to them. Therefore, effectively communicate with them and let managers know what additional tasks you have been doing and your expectations.
Patience is the key
The salary growth might take a long time, even if you have asked and worked to show your value to the company. So, remain patient because the superiors know your request. Anyhow, they also have to take approval from others to make it official.
Concluding Remarks
There is no excuse for knowing how things stand regarding your aspirations and career. If you get a salary increase, remain professional. Show gratitude and give your best. Have good relationships with other employees.
Or if you are not getting a salary boost or are unhappy with the raise, then it is time to determine if you want to stay with the firm. Anyways, remain positive!
