Ask for too much and you might not get an offer; ask for too little and you could be kicking yourself for years. Under-negotiating your salary today has an impact on your lifetime earnings, because all future raises will be based on a lower starting point.
Fortunately, the correct answer can be found with a little research and a simple negotiation strategy.
Read MoreQuestion: Last week you talked about preparing a compensation negotiation. I have followed your advice and have developed a logical reason why I deserve greater compensation, researched and determined a specific request, and chosen a good time for all concerned. Now what do I do?
Answer: Here are some tips that will serve you well during your negotiating conversation:
Read More
Q. I want to get a raise but also realize that I’m lucky to have a job. Are there rules about negotiating a raise?
A. In coaching people, I’ve discovered that they fall into two categories of salary negotiators. People in the first group want more money but haven’t earned it. Those in the second group want more money and are worth twice what they’re earning but are scared to ask. If you fall into the first group, your job is to realize you...
Read More
Question: While the economy is in the pits, my company is having a record year and is sitting on a mountain of cash. Yet we employees are not getting a share of their fortune. Shouldn't we be rewarded for our exceptional effort in a tough market?
Answer: Yes. In a perfect world your employer would share its wealth and hand out bigger checks to everyone, but the American business scene isn't utopia. Employers almost always put employees behind stockholders and CEOs when it comes to dividing the spoils. If you want more compensation, and your company isn't giving it to you of its own volition, you'll have to ask for it, especially in this job market.
Striding up to your boss and demanding a raise isn't something most people relish. It's risky and fraught with the potential for rejection. Yet you can make it a much more comfortable and successful process, if you follow the guidelines below.
Read MoreWith official unemployment rates at over 9% and some analysts saying that when you add the under–employed and those who have given up looking for work, it’s over 15% of the workforce, many workers have begun to anticipate that dreaded feeling of being told that their services are no longer needed. Anyone who has experienced a termination knows it has severe emotional and physical consequences including depression and small to large persistent physical ailments. How can you prepare yourself for losing a job you thought was secure and, more to the point, what can you do to stay employed?
Read More
Question: I work for a large distribution company troubleshooting lost or delayed shipments. When I started here 16-months ago, I was told that I would have a performance review and a raise after one year. To date, my boss hasn’t approached me about either. Frankly, I’m beginning to resent the delay, as I think I’m doing a good job and deserve the overdue increase. What should I do?
Answer: First, recognize that your career is more important to you than to anyone else at your company, including your boss. He or she may not give your performance appraisal the same priority you do. Consider the possible reasons for the delay...
Read More