It’s likely that absolutely no one would turn down a raise if offered one. However, you can’t expect that your boss is going to always initiate a conversation about an increase in your salary, right?
So what does it take, exactly?
Our guide can help steer you in the right direction. If you’re willing to put in the time and effort it takes, we are confident these tips will make you successful in boosting your income.
Start with this thought. When was the last time you researched the average pay of someone working in your position or field of work? If it’s been a while, there’s a chance you’re not getting paid what you’re worth. A little research on your part could land you a raise that would propel you into a more financially stable future and give you extra spending money in the meantime.
An increase in pay can be significant for you and actually does very little in the way of putting a dent in your company’s net worth. When you think of it that way, there’s no reason not to negotiate for a higher salary.
Here’s some motivation for you to consider:
An increase of just $5,000 in your annual salary can turn into well over a million dollars when invested well and compounded over the next 40 years.
As you can see, a single conversation can literally change the trajectory of your financial future. Imagine how this would affect how you build your savings, pay off debt, save for travel or shopping and even pay off the mortgage on your home.
Most employers actually expect that you’re going to ask for a raise. Studies have even shown that employers are usually willing to negotiate your salary. Then why is it that a significant portion of the population does not initiate a request for an increase in pay?
Perhaps you’ve said, “I’ll just work harder until I get noticed by my boss.”
Or maybe you’d argue, “I really don’t negotiate well.”
You may even use excuses like, “the economy is not stable enough right now” or “my company isn’t doing well financially this year.”
But none of these statements reveal the real reason behind why we often don’t get a pay raise. Do you know what is?
We don’t know how to negotiate well. It’s plain and simple. If you don’t know how to negotiate, you’re less likely to land that job
or salary you’re dreaming of. It takes research, initiative and confidence to score a deal with an employer and it’s not impossible to do!
There are tried and true methods of how to land a higher salary and to make it easier, we’ve spelled them out for you. No more guessing games and fumbling through interviews!
Don’t be intimidated by a long listed of negotiating mistakes. There is a strategic way to overcome these errors and that’s exactly what we intend to show you!