Are you feeling the financial squeeze? If so, you’re certainly not alone. In today’s economy, many of us are feeling the pinch – and it can be a real source of stress. Fortunately, there is one potential solution that could help relieve some of your financial burden: negotiating a better salary.
Negotiating your current salary or asking for more money when applying for a new job can be intimidating – but it doesn’t have to be! With the right knowledge and preparation, you can successfully negotiate a higher salary.
Here are some tips to help!
Preparation for Negotiating
Before you schedule a meeting with your boss, make sure you’re ready.
You’ll need to do some research to ensure you know your worth and understand what others with your experience are making. Set a target that’s strong but realistic. You want room to negotiate downward without losing the chance to get a raise.
You also need more than numbers on your side. Be sure to highlight your skills, experience, and qualifications that make you an asset to the company. Be aware of what value you bring to the table and be able to articulate it in your negotiation.
Finally, make sure you choose a good time. If the company is struggling financially or has just laid off workers, or your boss has been facing difficulties, you might want to wait.
Negotiating the Raise
When you meet with your boss, go in with a positive attitude and expect things to go well. During the conversation, remain professional and positive.
Focus the negotiation on what your boss and the company will gain from your work. Talk about your skills, aspirations within the company, and how your performance merits a raise. Point out ways you’ve gone above and beyond and showcase the value you bring to the organization, especially in terms of revenue. Everything from sales to customer service helps the bottom line, so quantify it!
Finally, be prepared to give your boss the same request in writing. They will probably need approval from others in the organization.
Other Ways to Ease Your Finances
Getting a raise is great, but if it doesn’t work or you don’t get enough, you have other options.
You might decide to start looking for a new job that pays what you’re worth. Or, you might start a side gig to earn extra money.
Another great idea is to shop around for better rates on your current bills, from your cell phone to streaming services to insurance. If you want to shop your current provider or need insurance, you can call Freeway Car Insurance. They have a reputation for helping people find affordable car insurance, even without a perfect driving record, so that could be a good place to start.
There are many ways to ease your financial strain — be creative!
Get Paid What You’re Worth
All in all, negotiating your salary regularly does not have to be a daunting or unpleasant task. It’s important to stay current with the market and ensure you get paid what you’re worth.
It can even be an empowering experience if approached with the right attitude and research. Good luck with your negotiation!
