Every employee has gone through the dilemma of wanting to get paid more but not sure how to move forward with it. There are plenty of reasons why one could possibly want a pay increase – there is a new investment you would like to venture on, you are starting a new family, or you could just simply be wanting to see your professional worth in the company. Whatever it is, make sure that before making any move, you align your goals and your experience during your expectation setting.
Every profession differs and industry practice varies, so understand that you cannot be comparing apples to oranges. Another smart thing is that you should probably do market research and conduct and industry benchmarking. There are a bunch of salary negotiation guides that can help you on your negotiation journey.
Meanwhile, here are five practical tips you can use to get paid more.
1. Keep track of your accomplishments
Over the years, you have attended important seminars or workshops and have made significant accomplishments in your professional career. While these may seem like fond memories to remember, the better move you can do is keep track of all these things.
If you are not one to stash a bunch of papers in your office, digitalize copies of your certificates and create a simple and organized list of the milestones you have achieved for you and the organizations you are working for. This may not seem much but these things will surely come in handy on the day you walk into the management office for your negotiations.
2. Acquire new skills
While you surely are great at what you do, there are a hundred more skills that you could learn to excel in your field. Don’t get too cozy in your comfort zone and try to freelance once in a while. Find something to learn and challenge yourself to acquire new learnings in a certain field.
This will not only enrich your work prowess, it will also give you an exceptional edge in your profession. Don’t get intimidated that it might hurt your savings because there are plenty of classes that you can get for free online or for a minimal amount of investment.
3. Learn from others
While it’s not a good idea to compare yourself to others, it is an ideal move to learn from your peers. People have different ways of working and they might have a strategy on how to do things more efficiently which you can pick on and apply in your own day-to-day job.
We all have our own techniques we use to make our jobs easier or faster and you can make use of what others do better by shadowing them. As you go along with this process, you might be surprised with how integrating new ways to your work will greatly improve your performance and become a tool you can later bank on.
4. Research your market value
There are times when we want something too much that we get too focused on that one thing that we fail to see the bigger picture. Again, before even thinking about doing any form of negotiation, make sure your feet are on the ground. Researching your market value shouldn’t be a difficult task. There are job posting websites these days that will give you an idea about your value in the market.
All you need to look for is the same level of category of your job title, make a quick comparison of how much others in the same title gets, and take a look at the job description to see if you are doing around the same level of work. This will give you a rough idea of how much your counterparts around the area are getting.
5. Chat it up with your boss
Before anything gets out of hand, why not sit down with your boss and share your thoughts and sentiments on the matter? If there is anything he would appreciate, it is your openness and transparency. Letting your boss know how you feel will be a great step moving forward if you want to go through with this pay hike.
Make him understand your goals but make sure that when you come knocking on his office, you come with an objective basis and not just merely emotions. With the proper approach, who knows, you might be walking out from his desk with a smile on your face.
Earning more will allow you to prepare for the future. Follow these tips and hope for the best!