Oftentimes employees feel the value of the work they put into their jobs is not reflected in the dollar value on their paychecks. Other times, the wages or salary an employer provides may not be enough to make ends meet. Regardless of your reason, you have the right to try to negotiate a level of pay that meets your needs and wants. When it comes to asking for a raise, the first and most important step is the decision to do it. Simply gaining the nerve to request a raise can be the difference between the same old life and a new car, apartment, or house. There are many things you can do to give yourself the best chance of getting a raise. Trusted financial planner Jan Gleisner offers a few suggestions.
Be as Prepared as Possible When Meeting with Your Boss
You must be able to provide facts and evidence to make the case that you deserve a higher salary. You also need to determine the desired salary to request from your boss. Be aware of the salaries and levels of productivity of your colleagues. These steps can help you avoid uncertainty or confusion that may threaten your case. Additionally, doing your research before presenting your argument may increase your confidence.
Aim Higher Than Your Target Salary
Once you have prepared your case, consider aiming higher than you are willing to accept. You may be surprised at the willingness of your employer to accommodate your needs. If your employer attempts to negotiate down, you may still be satisfied with the end result.
Speak with Confidence, Poise, and Clarity
The delivery of the message can be just as important as the words out of your mouth. The ideal way to achieve confident cues during the meeting is to have broad shoulders, straight posture, and relaxed mannerisms. Even more importantly, make sure to maintain eye contact so you come off as confident and strengthen the interpersonal connection. A lower tone of voice also serves to give people more authority when talking, which again signals confidence.
Speak About the Future of the Company
You will be more likely to receive a raise if your employer considers you to be part of the long-term plan. Things to avoid doing include providing an ultimatum, appearing to be too focused on money, going over the top to impress your boss, and not letting the employer consider the options before making a decision.
Following all of the above steps will make you more likely to succeed and receive a higher salary. The more money you make, the more you can save along the way, which is an essential part of retirement planning. San Diego, CA, residents who need help planning their finances should reach out to Jan Gleisner today for advice.