Are you looking to get a raise? If so, you’re definitely not alone. A recent study by Salary.com found that 78% of employees didn’t negotiate their salaries when they were offered a new job and that nearly half of all workers who don’t negotiate leave an average of $5,000 on the table.
So, how can you negotiate a raise – and other career benefits – successfully? In this blog post, we’ll give you some tips on how to do just that!
Why You Should Negotiate A Raise
If you’re thinking about whether or not to negotiate a raise, know that you definitely have some negotiating power – especially if you’re in high demand.
According to a recent article in Harvard Business Review, “In today’s job market, with unemployment at historically low levels, workers are increasingly in the driver’s seat when it comes to compensation.”
So, if you’re considering asking for a raise, remember that it never hurts to ask – and that you may be surprised at what you can achieve.
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What Are Some Other Career Benefits You Can Negotiate?
In addition to salary, there are a number of other career benefits that you can negotiate. These can include things like:
– Vacation time: If you’re looking to negotiate more vacation time, start by doing some research on the company’s policy. Find out how much vacation time is typically offered, and how much other employees at your level have.
– Signing bonus: If you’re being offered a signing bonus, make sure to negotiate a raise here. A good rule of thumb is to ask for at least 20% more than what’s being offered.
– Health insurance: If you’re looking to negotiate better health insurance, start by doing some research on the company’s policy. Find out what’s being offered, and compare it to other companies.
– Work from home days: If you’re looking to negotiate more work from home days, start by doing some research on the company’s policy. Find out how many days are typically offered, and how many other employees at your level have.
– Flexible hours: Find out what’s being offered, and how many other employees at your level work flexible hours.
– Retirement benefits: If you’re looking to negotiate better retirement benefits, start by doing some research on the company’s policy. Find out what’s being offered, and compare it to other companies.
– Student loan assistance: If you’re looking to negotiate student loan assistance, start by doing some research on the company’s policy. Find out what’s being offered, and compare it to other companies.
As you can see, there are a number of career benefits that you can negotiate. So, if you want to negotiate a raise, remember that you have some negotiating power.
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How to Negotiate a Raise: Your Guide to Getting the Career Benefits You Deserve
Now that we’ve gone over some of the reasons why you should negotiate a raise, as well as some of the other benefits you can negotiate, let’s take a look at how you can negotiate a raise successfully.
Here are some tips to keep in mind if you want to negotiate a raise or other benefits:
– Do your research: Know what the going rate is for your position, as well as what you’re worth to the company. This will help you come into the negotiation with confidence.
– Be prepared to walk away: If you don’t get the raise or benefit you’re asking for, be prepared to walk away from the negotiation. This doesn’t mean you have to quit your job, but it does show that you’re serious about getting what you want.
– Be confident: Confidence is key when you want to negotiate for a raise. Remember that you’re worth more than they’re offering, and don’t be afraid to ask for what you deserve.
– Be polite and professional: Even if you don’t get the raise or benefit you want, remember to be polite and professional. You never know when you’ll have to negotiate a raise with this person again.
Takeaway
We hope these tips have been helpful! We know that the decision to negotiate a raise and the process that follows can be a daunting task, but remember that you have more power than you think.
Do your research, be prepared to walk away, and be polite and professional, and you’re sure to get the career benefits you deserve.
Are there other ways you think you can better negotiate for a raise or other benefits at your workplace? Please leave them in the comment. We’ll be glad to hear from you as well.
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