Each efficient person deserves a salary which is the best in the industry. To earn their expected salary, few people peruse to work harder, many others might find a way to talk directly to the manager to get a salary hike. If the plea is accepted a number of individuals hit the bull’s eye, although this is a rare case. Otherwise, in the situation of rejecting the plea a number of individuals get hurt (feel humiliated) and look out for better prospects shifting their jobs to other organizations. So, what are the ways to negotiate a desired salary in the present job role? Below mentioned a few of the steps to do so.
- Know your capabilities:
One has to dig down a little about your job title/position. Study about market trends and what various other organizations are paying or ready to pay for the right person (with talent & experience) just like you. This would provide you with an interpretation as to what you can get by negotiating while HR round. It would also help in eradicating the disbelief for a pay scale proposed to another individual of your potential for a similar job position inside an industry.
- Construct your scenario:
Put efforts to discover your worth to the organization. You can dig deep for the profits/advantages who are getting for the company with your performance/contributions. Try to assess these end results and measure them with the present salary of yours. In case the difference is very little then you can reassess your decision of negotiation for a hike otherwise you should be confident to seek a higher salary.
- Organize a face to face interaction with the person concerned:
Meeting the right person for asking for a salary hike is necessary. It is waste to share the concerns with anyone who does not have authority on the same.
- Talk about contributions and ambitions:
It is mandatory to have all the reasoning and logic for the negotiation. Talk about the factors as well as additional inputs that you do in the manner to get profits or attracting the clients. This talk will make the picture clear as, on what grounds you are asking for a hike as your contributions have to fetch profits in some or the other way to the organization.
- Get ready for Rejection:
Along with the negotiation plan, one should be ready for gulping the rejection as well. You might provide an advantage but it might be much higher than expected by the supervisor. Also, it could be the scenario that a manager might offer you less than what you desired/proposed. You can take it as a prospect to earn more and agree to it.
- Keep cool and Keep fingers Crossed:
You should be confident, display respect and obey the code of conduct. By doing so you can portray your manager that you deserve to be paid a higher, as well as the process of negotiation, has not altered your respect and gratitude for the organization along with your manager.
This article is part of our Magazine Issue 3 published in January, 2020. To read full magazine please click on the link.