Wednesday, April 15, 2020
How to Negotiate Tips on Effective Negotiation Strategies
How to Negotiate Tips on Effective Negotiation Strategies PayScaleâs data show that 75 percent of people who ask for a raise get one â" but only 43 percent of people who responded to our survey said theyâd ever asked for a raise in their current field. What gives? Mostly, the discrepancy boils down to being afraid of a negative result, or disliking confrontation, period. Twenty-eight percent of respondents said that they were afraid to negotiate salary, while 19 percent said they didnât want to be perceived as pushy, and 8 percent were scared of losing their job. Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button. These are not unreasonable fears in a post-recession job market, but theyâre also not based on reality. The vast majority of managers expect workers to negotiate, especially when theyâre contemplating a new job. Read More: How Mindfulness Could Change Your Career Donât be swayed by the horror stories that crop up in the news now and then â" itâs the rare employer that will condone firing someone (or yanking an offer) simply because that person tried to negotiate in a reasonable manner. The reason those stories stand out is precisely because theyâre so rare. And do you really want to work for a company that fires people for asking to be paid what they deserve? Still, if youâre confrontation-averse, you probably donât take much comfort in knowing that itâs OK to ask for more; your issue is how to do it in a way thatâs comfortable for you and likely to lead to a raise. Read More: No, Donald Trump, Jr., Women Shouldnât Have to âHandleâ Sexual Harassment in Order to Work These tips will get you there: Make sure youâre being reasonable. Experienced managers shouldnât be surprised to get a request for a raise, but not all managers are experienced ⦠or naturally skilled. On the off chance your boss is new at this, or bad at dealing with the unexpected, youâll need to set the tone by being confident in your asking price. The best way to do this is to make sure that what youâre asking for is actually reasonable. PayScaleâs Salary Survey generates a free report with ranges that are appropriate for your job title, experience, skills, education, and location â" so that you can go into your meeting secure in the knowledge that the raise you seek is appropriate. Remember that youâre on the same side. Salary negotiations are not a zero-sum game. You and your boss have the same goal: to find a number that will make everyone happy, so that you can do your best work and the company can succeed. Keeping this in mind can help you reframe the conversation: itâs not a confrontation, itâs a collaboration, and your boss is your negotiating partner. Understand company policy. If youâre someone who worries about making the boss mad during the negotiation process, putting yourself in her shoes ahead of time can help. Find out as much as possible about how raises work at your company. Are they meted out once a year, at review time? How long do people generally work for the organization before they receive a raise? Is there a lot of movement in your department, generally, or do people stay put? Pay attention to what you see around the office (while believing only half of what you hear, since people exaggerate about their own careers). You wonât get far if you try to push your boss to do something she isnât empowered to do at this time. Prepare your script. It always pays to be prepared, and writing a salary negotiation script can help you get what you want with a minimum of ums and uhs. Obviously, youâll have to be prepared to improvise, lest you look like youâre reading off a teleprompter, but having a plan in mind will set you up for success. Plan for the worst; hope for the best. Confidence counts. You wonât go wrong by going into the meeting with a positive outcome in mind. That said, sometimes the budget isnât there or itâs just not your day. Even the most successful negotiators come away empty-handed some of the time. Read More: PayScaleâs VIP Blog Roundup: How to Be Happier Just remember that the worst-case scenario is likely to be that: no raise, not the loss of your job and/or bossâ esteem. Prepare to be gracious in defeat, just in case. Then you can go back to the drawing board and figure out if itâs time for you to look elsewhere for the salary you deserve.
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