Saturday, December 6, 2008

Need Some Reasons To Work on Your Salary Negotiation Skills?

By Trevor Davide Grant

Do you feel like you're one of the millions of people who are underpaid for the highly professional hard work that you do? Are you putting in too much energy into your job and not getting enough back from the company you work for? If so, there is something you can do about it!

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. Self respect. When you stand up for yourself, and negotiate a salary increase successfully, you will feel a sense of pride for your accomplishment. It is not self indulgent, it is rather well founded pride in both working hard and deserving the raise, and in preparing yourself with a solid case for salary negotiation.

3. Increased spending money. Honestly, if you're going to negotiate salary, you are going to do it for the extra cash flow you will have. Whether your reason for wanting to earn more money is based on your wish list, or because you need more money for the day to day cost of living, having more income is your main motivation of salary negotiation. If you're going to succeed in negotiation, you need to have the best salary negotiating skills.

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.

There are a tons of reasons to increase your skills in salary negotiation. Your career is not something to be taken lightly, and having a solid foundation in negotiating will be highly beneficial to your career.

Wishing you the best for an excellent salary negotiation. - 15246

About the Author: