Good question mate. I have a pretty standard approach to this and, interestingly, I communicated this approach to one of my employees very recently.
The reason I discussed this approach with my employee was pretty simple, she'd asked for more money during her performance review. But when asking for more money, she failed to give me any reason as to why I should give her more money.
You see, there's absolutely nothing wrong with asking for a pay rise. But if you plan to do it, you need a really good justification as to why you deserve a pay increase.
So when asking for a pay increase or negotiating your salary with your employer you need to be able to do the following:
You don't need to be able to demonstrate that you have achieved something for all of the above points, but being able to show that you have for a selection of them will put you in a strong position.
You haven't mentioned if this is a new role or not. So if you are negotiating a salary for a new position then you can only really negotiate based on:
Hope this helps.
Negotiation is an art and not everybody has this art and when it comes to salary, then very few people master this art of negotiation. While negotiating your salary, the following points should be given due consideration, which can help you in the negotiating table.
Before going for negotiation it is very essential to evaluate your self-worth first before putting yourself into the negotiating table and this evaluation should be based on the relevant skill you have to the specific industry and also the number of years of experience and expertise you have. If your self-worth to a specific industry is above par, then you are always in a commanding position in the negotiation table.
Hey…you are on the negotiation table right, but it is not a bargain market for sure. So don’t behave in way where it feels like you are negotiating with a vendor for some commodities. So behave in a well-organized way where the person across the table will fell like a business-way of conversation, in line with the spirit of office etiquette. Always try to highlight the important areas of the specific industry where you can contribute in an efficient way and can play the professional role. Don’t remain adamant, yet at the same time make your points highlighted in an organized way which can impact the person across the table.
Don’t rush in to a conclusion right from the start. Let the other person begin the salary aspect first and you should not jump into it. And even during the course of negotiations, be patient and listen to them calmly to every bit of it and then place your projection with very detailed back up which can have firm impact on the thinking process of the other person across the table and as long as your projection and expectation is backed with statistics and current market standards and also backed with you skills relevant to the specific industry, you are always home in the negotiation. So it is better to stay positive and patient till the last moment of negotiation.
While it is good to negotiate based on the relevant skill and expertise specific to the industry you are applying for, but at the same time it is also very bad to negotiate on the ground of your struggling financial situation in your personal life, no matter how bad your financial health is, if you quote it, in the negotiation table then it can ruin the entire negotiation and it will also give a bad impression.
There is no doubt that negotiation is really an art and very few people actually know this art and when it comes to application, again very few people apply it. So when you are on the negotiation table, always try to make negotiation in such a way that, the outcome of the negotiation is tending to accepting of the offer and should not be tending to decline of the offer. After all, you are doing the negotiation to do the job for the specific industry you have applied for. So the acceptance of the offer and negotiating value of your projected salary should converge to a meeting point at the end of negotiation and this will really make them fully convinced of your expected salary and this will also impress them
With a gun, ofc.
I think one of the ways is to write a letter to the employer and describe about the contributions that you have made in the company. Usual you will be criticized by the boss but one day the boss would really treasure your contributions when you are going to resign in the future. If after working for the company and still the company doesn't plan of raising your salary, try to work also on a side hustle. Maybe someday the side hustle will grow into a full fledged income that you can basically rely on.
The best way to respond is to say, "The salary I want is the salary that suits my ability as well as the position I am applying for," or "Yes, I would like my salary to be the same. Pay as other potential employees. " At this point you have the opportunity to win straight to the salary you want without hesitation, as the employer when the request has grasped your ability as well.