The Things You Need to Do to Get a Raise (read it on salary.com)
Why Read It? If you are looking to increase your income, you will need to start laying the groundwork down now in order to ask for a raise later.
- Find out how your earnings rank against others in the same industry and assess if (and how much) you are currently being underpaid.
- Note your most noteworthy successes, and be prepared to share them with your boss when you ask for a raise.
- Add an extra duty or two to your job that will be significant, but won't make you drown at your desk.
- Try to be genuinely friendly with everyone you work with and avoid the petty office gossip. Your upbeat attitude can be contagious—and your positive outlook will be even more motivation for your boss to give you a raise.
"The first thing you should do is research, so you're able to come to the table armed with the knowledge of what your job is worth."
Did You Negotiate Your Initial Employment Offer? (read it on fastcompany.com)
Why Read It? Because even though many employers admit to lowballing initial offers in the expectation of a negotiation, many job candidates, it turns out, just grab the first offer.
- A recent study shows that 49% of job candidates never negotiate an initial employment offer, which could lead those employees to miss out on over half a million bucks over the course of a career.
- "Researchers Michelle Marks and Crystal Harold found that employees who negotiated their salary boosted their annual pay on average of $5,000. According to the researchers, assuming a 5% average annual pay increase over a 40-year career, a 25-year-old who negotiated a starting salary of $55,000 will earn $634,000 more than a non-negotiator who accepted an initial offer of $50,000."
- Don't lost hope if salary is not negotiable, remember that there might be something else you can negotiate. You can say, 'Okay, you can't give me more money but can you give me schedule flexibility? Because that's also worth something to me.'
"When you're in the market to buy a house, you put it an offer. There might be a counter. Then you might go back with something else. And then you're kind of done. The same rule applies with job offers."
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