Being at the same exposition at our work can be suffocating. On top of that if your peers keep overtaking, it’s very common to feel stuck.
Promotion and raises solely depend on our superiors. They are the ones to decide your worth and acknowledge your work.
Many of us aren’t lucky enough to have an impartial superior or our work is never that much highlighted due to tough competition and office politics.
In times like this, one has no other way but to take matters in their own hand. Now the question is, how to negotiate in the best way possible.
These kinds of negotiation can be very delicate and intimidating. There are many ways to achieve the optimal outcomes but here the 5 most effective ways to deal with the situation :
- Self-worth Acknowledgement
We need to understand our worth for the job. We need to be confident in our abilities and also the value we bring to the company.
This self confidence does half of the job while salary negotiation and promotion. We also need to do market research on the job position and the amount of experience we have.
In this case, we can consult with other professionals in the same field who are working for different companies.
Moreover, websites like Glassdoor, Payscale, and LinkedIn can provide valuable insights on the current salary ranges for specific positions.
In place of any doubts, we need to show our dedication and improve our performance. Understanding our market value can help to leverage during the negotiation process.
- Highlighting Achievements
We need to showcase our value in front of our superiors. There is no place for shyness in this regard.
If we don’t know how to put ourselves on the stage, someone else will grab the spotlight and all the credit instead.
Even though this might seem like attention seeking, we need to advertise ourselves as sometimes the hierarchy is too busy to notice that. If required, we need to point it out to ourselves.
We need to quantify our successes whenever possible, such as exceeding targets, completing projects ahead of schedule, or generating revenue. Concrete examples demonstrate the best value to the company.
- Present a Compelling Pitch
Our presentation should be lucrative enough which will easily convince the management to give us a raise and promote us to our deserved positions.
If we are suggesting the raise, we need to sort out the key points beforehand. There is no place for stuttering; we need to clearly articulate the reasons and justify the promotion.
We have to point out the dedication, sincerity, achievements in our working period and make them believe that we deserve this raise.
We need to let them know that we are a valuable asset for our company and they should not lose us for a promotional or salary issue.
- Open to Compromise
While we are seeking promotion, we also need to be considerate. As uncle Ben said, “With great power, comes great responsibilities.”
When we are given a bigger post at our company, our workload, responsibilities and accountability also increases. We cannot expect lower workload with a higher pay.
Flexible work hours, additional vacation days, professional development opportunities, or remote work options can enhance our overall job satisfaction and work-life balance.
So we need to keep these things in mind as well while consultation as higher positions might not provide as many flexibilities as we are getting now.
- Willingness to Walk-way
As we need to be considerate, we also need to know our bottom line. We need to set a minimum range in raise or promotion expectations with which we are comfortable with before negotiation.
We also need our company to know those minimum requirements and if those are not fulfilled, we will walk away.
If the management is not open to come on any kinds of compromising grounds, maybe it is time to seek for other opportunities.
These cheat codes are the key for nailing the next negotiation we are preparing for. If applied from an early career stage, we can achieve a lot in a very less amount of time.
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Writer
Rifah Zakiah
Intern, Content Writing Department
YSSE