Whether you already have the job of your dreams or if you are seeking an entirely new position, improving your salary and the amount of money you are earning annually can be done with a bit of preparation, research and a commitment to earning the amount you have in mind. Improving your salary can be done with a few methods depending on your current employment status, your experience and the amount of knowledge you have about your industry and the value of the work you plan to contribute.
Research Salaries in Your Industry
Before you begin to interview for positions that you desire, it is important to stay up to date and informed on the current salaries in the industry you plan to work in. Researching salary ranges online can be done by utilizing various online job communities where you can compare positions, salary ranges and even benefits that others are receiving for the jobs you are qualified for yourself. The more research you conduct on your industry and the salaries that are being offered, the more confident you will feel when asking for a raise yourself.
Asking for More Time
Once you have been asked to join a team or to become an official employee in a position you want, be sure to ask for an additional 24 to 48 hours to consider the offer and the salary that has been presented. When you are firm with the salary you have in mind once the time is up and the employer is still interested in hiring you, you are more likely to receive the pay you desire without much negotiation. By asking for more time after the initial interview process, employers may believe you are being considered for other positions and weighing your options before you make a final decision. This can be appealing to potential employers, who may then be more likely to accept any salary request that you present.
Know Your Value
If you have had a position for years or if you are content with the job you have but you are looking for a salary boost, knowing your value is just as important as doing the job each day, regardless of your current position. When it comes time for your semi or annual job performance review, it is important to lay out all of the positive aspects and qualities you bring into the workplace while also organizing how you contribute and the reason you are needed for your employer. The more valuable you present yourself to be, the more likely you are to find success when you are negotiating your pay or annual salary, even if you are already in the position you want.
Actively Seek Other Offers
When you want to keep your current job but you would like an increase in pay, actively seeking out additional job offers can help. When you are offered additional positions elsewhere for other employers, your current employer may be more inclined to boost your pay and salary just to keep you satisfied. The more “in demand” you are based on your skills and the position you are working in, the easier it will be to convince your current employer that you deserve the salary increase you have in mind.
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Kimberly Evans works as a regional corporate manager for a clothing company and enjoys writing about fashion, business, and business education. Kimberly also contributed to finding the cheapest online MBA for people looking for quality online education while adhering to a tight budget.