If you want to get paid what you’re worth, you must first understand the market rate for your position in your sector and geographical location. As Ramit Sethi of I Will Teach You to Be Rich puts out, if you enter a pay negotiation without a number in mind, you’re at the whim of an experienced recruiting manager who can simply control the conversation.
Another method for conducting research? Pick up the phone when recruiters call. They know how much someone with your knowledge and expertise is worth, so take advantage of it! Engage in a discussion about the position’s responsibilities and remuneration the next time one contacts you. Even if you don’t acquire an exact number, a range is useful.
Before you request a raise, you should ask yourself a few questions. Have you worked at your current employment for a year? Have you taken on any new tasks since being hired? Have you gone above and beyond? All of them should be answered “yes.”
Practice, practice, practice. Write out what you want to say and rehearse it in front of a mirror, on camera, or with a buddy until you feel completely at ease having the discussion.
When calculating your numbers, set a “walk-away point”—the last offer that is so low that you must decline it. This could be based on financial necessity, market worth, or simply what you need to feel good about your pay. Walking away from an offer is never easy, but knowing when to do so is essential, as is being able to say “no.”
Also Read: Hacks To Get A Better Salary Package
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