3 Ways to Negotiate a Higher Salary

27 September 2011 No Comment Print This Post Email This Post

 

 

 

 

 

 

“Success in life is directly proportional to the number of awkward conversations you’re willing to have.”  ~ Unknown

It’s something we all want, but many of us don’t know how to confidently ask for it and get it!  A higher salary is your quickest ticket to reaching your retirement and financial goals.  The amount you save is proportional to the amount you earn.

New York Times best-selling author, Ramit Sethi has written about his top tips for negotiating a higher salary.   Here’s what you need to do:

1.)    Never let your boss dictate when to discuss a salary raise (i.e. the dreaded performance reviews) – instead you need to initiate the discussion.

2.)    Know what you’re worth – never ask for a raise simply because you want one.  Demonstrate your value and then quantify it in terms of salary, and remember 85% of a negotiation happens before you even sit down to talk.

3.)    Leverage other offers – Not only will offers from other company’s validate your worth, but it will also provide you with the most influential leverage that you can use.

These seem like easy rules to follow, but the #1 rule that you absolutely MUST follow, is you have to ask for it!  You’re far less likely to get something you don’t ask for and top earners know what their worth and know how to get what they’re worth. So go ask for it!