You already know that most women make less money than their male coworkers. As women we need to know that it is up to us to stand up for ourselves and negotiate your salary so that you can get paid what you’re worth!
A lot of the times, the reason women get paid less is because we simply don’t ask for more money. You may be afraid that you won’t get the job or that your employer will see you as ungrateful.
By knowing what the going rate is for your particular position and learning a few tips, you can flawlessly negotiate your salary or ask for a raise. According to a study, 75% of women who asked for more money got it!
It never hurts to ask. All they can do is say “No”.
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How to Negotiate Your Salary
Know How Much to Ask For
When it comes to sitting down for the interview or asking for a raise, you need to do your homework ahead of time.
Do a bit of research on the company as well. Are they growing? Are they struggling to stay in business? What are other starting salaries for comparable companies? What are their goals for the next 5 years and how can you help them get there?
By having all of this data, you can be a fierce and confident negotiator.
Best Way to Ask for a Raise
Pick the Right Time
If your company is growing and adding more jobs, it may be the perfect time to ask for a raise. If on the other hand, people are being laid off, you may want to wait a few months to see if things improve before asking for a raise.
Focus on the Company’s Goals
After you have done some research about what your salary should be, focus on what you have done to improve the company. How have you contributed to helping them achieve their goals?
You can focus on things that you have done like:
- working overtime
- picking up the slack when people are laid off or quit their job
- saving the company money
- reaching goals ahead of time
- coming up with new ideas to make the company more profitable
- continuing your education to make yourself a more valuable employee
Let them know exactly what you have done to improve the company and what you plan on doing in the future to help reach the company’s goals or vision.
Keep it simple and concise. Then be quiet. You can undermine your case by over explaining.
Keep your Options Open
Even if you don’t succeed in getting a raise or higher salary, there are still other things you can negotiate with. If your boss says no to a raise, ask about getting extra vacation days instead.
You may even be able to negotiate company perks or benefits like the use of a company car.
Just because you have a job and it may be comfortable there, always keep your options open. Continue to look at new job listings within or outside of your company.
Know your value and have a Plan B in mind. New opportunities can come along very often so take advantage of them when they do and you can get paid the market value that you deserve.
Use the tips above to negotiate your salary and get paid what you’re worth every single time.