How long it actually takes to land a raise
It is difficult to talk about money and it can be more difficult to ask for more from your boss. However, after taking the time to investigate your market value and to investigate Mull on your compensation targets, you are probably ready to start. Negotiating for a higher salary.
No matter how ready you are, the first conversation with your boss with your fee or advantages says Worthmore Strategies CEO Kathryn Valentine, which helps hundreds of customers successfully negotiate compensation packages.
The process is more likely to require a few weeks of meetings, follow -up and documents.
Valentine should not worry you when you need to negotiate your compensation. “Some people think of it as a one -time speech and is very stressful as buying a house, or he says. “He doesn’t buy a house.”
On the contrary, the negotiation is an ongoing process that will emerge several times during your career. And like any skill, you may be better over time.
What Valentine recommends to be kept in mind in order to get patience in the negotiation process and get what you are looking for is explained below.
Make the timing correctly
Valentine says that your annual examination may feel like a natural time to want an increase, but until then, most companies have already set their annual budgets.
Starting the conversation in mid-year check-in can be much more effective, because your boss can plan compensation changes for the following year. In addition, if your annual examination does not include serious salary speech, it may feel more like a celebration.
Do not miss: The final guide to negotiate a higher salary
Valentine says that choosing the right timing to negotiate is not only about the company calendar. At the same time, your boss is most likely to open a dialogue at a time when it is more likely to be open and recipient – not when dealing with a crisis at home or a company disaster continues at full speed.
Set the meeting with your administrator as you edited another check-in with your manager after Valentine undertakes new responsibilities or realizes a large company earnings. Be sure to explain in advance that you want to discuss your compensation package. And before sitting, check that they are still in a good area to start talking twice.
Prepare for a long distance
At the first meeting to negotiate a change in an increase or other changes in your compensation, your goal should be to “prepare yourself to succeed”.
After you start talking about the other aspects of your target salary or other aspects of your compensation, your boss will probably say that they should consult or consult higher levels before making any major agreement or consider changes. That doesn’t mean you fail, he says Valentine – it’s time to just use some patience and ready to follow.
Before leaving the meeting, make sure that you have strengthened a time to keep both of you responsible for the second, says Valentine.
Then, in a tracking e-mail, confirm the timing for this second discussion and add your notes from the first, so that the lack of documentation says that the process does not even delay the process.
Ultimately, successful negotiations are collaborator, so you need to be patient when crushing the numbers and considering the applicable options.
Would you like to make more money at work? Take CNBC’s online course How to negotiate a higher salary. Expert trainers will teach the skills you need to get a larger salary withdrawal, including how to prepare and create your trust, what to do and say and how to create a counter server.
Plus, Sign up to CNBC Make It Bulletin Here are tips and tips for money and success in life and Request to participate in our private community in LinkedIn To connect with experts and peers.
