• Tech News
    • Games
    • Pc & Laptop
    • Mobile Tech
    • Ar & Vr
    • Security
  • Startup
    • Fintech
  • Reviews
  • How To
What's Hot

Elementor #32036

January 24, 2025

The Redmi Note 13 is a bigger downgrade compared to the 5G model than you might think

April 18, 2024

Xiaomi Redmi Watch 4 is a budget smartwatch with a premium look and feel

April 16, 2024
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Facebook Twitter Instagram Pinterest VKontakte
Behind The ScreenBehind The Screen
  • Tech News
    1. Games
    2. Pc & Laptop
    3. Mobile Tech
    4. Ar & Vr
    5. Security
    6. View All

    Bring Elden Ring to the table with the upcoming board game adaptation

    September 19, 2022

    ONI: Road to be the Mightiest Oni reveals its opening movie

    September 19, 2022

    GTA 6 images and footage allegedly leak

    September 19, 2022

    Wild west adventure Card Cowboy turns cards into weird and silly stories

    September 18, 2022

    7 Reasons Why You Should Study PHP Programming Language

    October 19, 2022

    Logitech MX Master 3S and MX Keys Combo for Business Gen 2 Review

    October 9, 2022

    Lenovo ThinkPad X1 Carbon Gen10 Review

    September 18, 2022

    Lenovo IdeaPad 5i Chromebook, 16-inch+120Hz

    September 3, 2022

    It’s 2023 and Spotify Still Can’t Say When AirPlay 2 Support Will Arrive

    April 4, 2023

    YouTube adds very convenient iPhone homescreen widgets

    October 15, 2022

    Google finishes iOS 16 Lock Screen widgets rollout w/ Maps

    October 14, 2022

    Is Apple actually turning iMessage into AIM or is this sketchy redesign rumor for laughs?

    October 14, 2022

    MeetKai launches AI-powered metaverse, starting with a billboard in Times Square

    August 10, 2022

    The DeanBeat: RP1 simulates putting 4,000 people together in a single metaverse plaza

    August 10, 2022

    Improving the customer experience with virtual and augmented reality

    August 10, 2022

    Why the metaverse won’t fall to Clubhouse’s fate

    August 10, 2022

    How Apple privacy changes have forced social media marketing to evolve

    October 16, 2022

    Microsoft Patch Tuesday October Fixed 85 Vulnerabilities – Latest Hacking News

    October 16, 2022

    Decentralization and KYC compliance: Critical concepts in sovereign policy

    October 15, 2022

    What Thoma Bravo’s latest acquisition reveals about identity management

    October 14, 2022

    What is a Service Robot? The vision of an intelligent service application is possible.

    November 7, 2022

    Tom Brady just chucked another Microsoft Surface tablet

    September 18, 2022

    The best AIO coolers for your PC in 2022

    September 18, 2022

    YC’s Michael Seibel clarifies some misconceptions about the accelerator • DailyTech

    September 18, 2022
  • Startup
    • Fintech
  • Reviews
  • How To
Behind The ScreenBehind The Screen
Home»Startup»How To Negotiate Your Salary (According To These Business Leaders)
Startup

How To Negotiate Your Salary (According To These Business Leaders)

August 29, 2023No Comments6 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
How To Negotiate Your Salary (According To These Business Leaders)
Share
Facebook Twitter LinkedIn Pinterest Email
getty

As inflation continues to take its toll on the economy, many professionals are looking for ways to increase their income. While some may choose to take their talents elsewhere and seek a higher-paying job, or even add on to their workload by taking on a potentially lucrative side hustle, others are content with their current career of choice and would rather earn their bump in pay another way: a raise.

However, unlike applying for a new position at another company, the path to achieving a salary increase at your current job may not feel as clear. That’s why we asked nine members of Young Entrepreneur Council to share their best tips for how to successfully negotiate a salary increase and why doing so can help you get the increase in pay you deserve.

1. Build A Clear Case For Why You Deserve It

Asking for a salary increase because you’ve “been here a while” or because someone else got one won’t get you far, but proactively presenting hard evidence of the impact your work has had on business KPIs can be a very effective strategy. If possible, come prepared with data demonstrating how your efforts contributed to increases in sales or conversions, retention, traffic or engagement and more. If your role is not directly tied to metrics, be sure to provide positive customer or colleague feedback. Not only will this demonstrate your value to the company, but it will also make it easier on your manager to advocate for you to upper management. – Samuel Saxton, ConsumerRating.org

2. Do Your Homework On The Market

When it comes to negotiating a higher salary, do your homework! Take some time to research and gather market data on what others in your position and industry are earning. Having this solid evidence on your side allows you to confidently explain why you deserve better compensation based on industry standards and the value you bring to the table. When you’re armed with factual data, it becomes harder for your employer to brush off or underestimate your contributions. Plus, by comparing your current salary to similar roles, you can build a strong case for a salary adjustment. Taking this strategic and professional approach shows that you’ve done your due diligence, making it more likely for your negotiation to end successfully. – Jennifer A Barnes, Optima Office, Inc.

See also  How Prioritizing Emotional And Physical Health Benefits Business

3. Focus On The Positive Outcomes You’ve Achieved

You work hard, but the bottom line is real outcomes. During any discussion about salary, show the specific and positive changes you have made, especially any during an economic downturn. If you’re able to detail and quantify the impact you have at your job in positive terms, you’re more likely to receive a positive response, even in challenging times. For example, bring specific cases of how you’ve improved workflow, increased sales, improved traffic or attracted more clients. Using data to quantify your positive outcomes helps present your case in more logical and concrete ways. If your raise request is denied, ask for a salary review after a specific time and ask what quantifiable benchmarks you need to reach to get the raise you deserve. – Shu Saito, SpiroPure

4. Put Yourself In Your Employer’s Shoes

Put yourself in your employer’s shoes! This will help you come up with solid reasons as to why you should get that raise and why your employer might be willing to give it to you. With this in mind, you can think from your employer’s perspective. What are you bringing to the table that is of great value to them? What is your unique contribution? How has your work contributed to your company’s bottom line? By focusing on how your employer benefits, you will be able to discuss points they are interested in and they need to pay attention to, making your odds of a successful negotiation greater. – Riccardo Conte, Virtus Flow

See also  Be An Entrepreneur On YouTube With Insights On Ten Business Opportunities

5. Focus On The Value You Bring

One tip for successfully negotiating a salary increase is to gather evidence of your value and contributions to the company. Document your achievements and quantify results whenever possible. Research market rates to provide context for your negotiation. Align your contributions with the company’s goals and emphasize the positive impact you’ve made. Prepare a compelling case that connects your achievements, market research and alignment with company objectives. Choose an appropriate time to discuss the increase and approach the conversation professionally. Presenting evidence strengthens your position, increases credibility and improves your chances of a successful negotiation. – Jared Weitz, United Capital Source Inc.

6. Align Your Skills With Your Job Description

One effective tip for negotiating a salary increase is to highlight how your skills align with the job description. By emphasizing the direct correlation between your abilities and the requirements of the role, you demonstrate your value and worth to the organization. This approach is useful because it provides tangible evidence of your capabilities, making it difficult for employers to overlook your contributions and the impact you can have on their success. By showcasing your skills alignment, you position yourself as a valuable asset deserving of a higher salary, increasing your chances of a successful negotiation. – Pratik Chaskar, Spectra

7. Think About The ‘Why’

When negotiating your salary, always focus on the “why” aspect, because that’s what follows after you’ve stated your demands. So, work on your response to the why. Why should your employer increase your salary? Is it because of the current market conditions, better salaries offered by competitors for similar roles or your past accomplishments? The reasons could be one or many. So, come up with a solid response to the “why” and it could turn the odds in your favor. – Jared Atchison, WPForms

See also  Constructing a enterprise case for zero-trust, multicloud safety

8. Be Prepared To Answer Tough Questions

Want a better salary? You better be prepared. This could involve answering tough questions from your employer about why they should give you the raise or why you deserve a salary increase. Too many employees make the mistake of asking for a raise just for the sake of it. The ones who successfully negotiate higher rates maintain lists of talking points that establish their value. So, be ready to put everything you can offer on the table and do some research about the person you need to win over, including their limitations and their weak points. Preparation is useful because it helps you answer tough questions that may expose your weaknesses. It shows your employer that you’ve put thought and effort into what you’re asking, giving you more bargaining power. – Bryce Welker, Crush The CPA Exam

9. Let Your Achievements Do The Talking

To successfully negotiate your salary, it’s essential that you know how to showcase your skills and capabilities to let employers know your true worth. This doesn’t mean just filling up your resume but instead letting your accomplishments speak for themselves. In a nutshell, rather than worrying about hacks or shortcuts to negotiate your salary, just focus on your area of expertise, excel in it and let your achievements do all the talking. – Stephanie Wells, Formidable Forms

Source link

Business leaders negotiate salary
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Multiple Milestones As New Majority Capital Boosts Entrepreneurship Through Acquisition

September 26, 2023

Getty Images Plunges Into the Generative AI Pool

September 26, 2023

3 Hot Startup Opportunities In Augmented Reality

September 26, 2023

The ChatGPT App Can Now Talk to You—and Look Into Your Life

September 25, 2023
Add A Comment

Comments are closed.

Editors Picks

3 Hot Startup Opportunities In Augmented Reality

September 26, 2023

Skull & Bones gameplay will be revealed in Ubisoft Forward stream on Thursday

July 6, 2022

HP Envy 16 review: creative performance for less

September 18, 2022

Aliens single-player horror motion recreation within the works for consoles, PC, and VR

July 16, 2022

Subscribe to Updates

Get the latest news and Updates from Behind The Scene about Tech, Startup and more.

Top Post

Elementor #32036

The Redmi Note 13 is a bigger downgrade compared to the 5G model than you might think

Xiaomi Redmi Watch 4 is a budget smartwatch with a premium look and feel

Behind The Screen
Facebook Twitter Instagram Pinterest Vimeo YouTube
  • Contact
  • Privacy Policy
  • Terms & Conditions
© 2025 behindthescreen.uk - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.