Tuesday, January 27, 2009

Need Some Reasons To Work on Your Salary Negotiation Skills?

By Trevor Davide Grant

Do you give your all to the company you work for? Do you feel you could be recognized more by the boss for the professional work you do? Do you feel you work too hard for too little compensation? You may well be one of the millions of professionals globally who need to learn to negotiate your salary.

If you want to move ahead in the rat race, and stand out above the millions of others, you need to learn to negotiate a salary raise from a place of empowerment. In order to get to that place, you need to plan ahead and intimately know how you will approach your boss for a pay raise. What will you say? What is your case for salary negotiation?

What are your motivations for stepping up your salary negotiation game? These are some great reasons to learn how to negotiate a salary like a pro.

1. Earn the respect of your employer. For many people, being treated with respect and feeling that respect from their supervisors is a big reason to stay with that company. When you are successful in negotiating your salary, you will have earned the respect you were looking for. Your boss wouldn't have agreed to a pay increase if they didn't respect you. They will respect you for your approach to salary negotiation.

2. Respect for yourself. By going after the salary raise, and planning and preparing for a salary negotiation that you bring to a successful close, you will feel a great sense of accomplishment. You not only know you're a hard working and deserving employee, you also know others believe it too. You will feel a great sense of pride in yourself when you negotiate a higher salary!

3. More disposable income. Whether you chose to save your increased salary, or spend it on something nice for yourself, you have to acknowledge that you want more money so you can do what you choose with it. Whatever your motivation, you will have to know the strategies and tactics to succeed!

4. Other compensation beyond salary. For many people the salary is a big deal, but they also place a lot of value on the other things. Benefits like pension plan, stock options or extra vacation mean a lot to people. You may be able to negotiate extra benefits if you are on top of your game.

5. Raising the bar on your future salary negotiations. When you increase your salary, you will establish a new baseline for your career earnings. When you continue to perform like a superstar, you will enable yourself to negotiate future salary increases as well. By negotiating a higher salary now, you will have increased your future earning potential.

Everyone has their own reasons for asking for a pay raise. You know your reasons too. What is most important is that you go into the salary negotiation well prepared with a well thought out plan that includes expert strategies. You will not regret the effort you spend preparing when you close the deal on a new higher salary.

To your financial success.

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