Are you being underpaid? If you are, are you doing anything to change the situation? This is an area where you’re not alone. It’s very common for people to feel that they aren’t being fairly compensated for the work that they do on the job.
While a job isn’t always about the salary, it certainly pays to feel like you are being paid what you’re worth. According to PayScale, 59% of employees say they aren’t being fairly compensated. One issue is that people aren’t fully aware of how to advocate for themselves. They don’t know what the fair pay rate is for their job or even what to say when pursuing more money.
Below, you will learn about how to negotiate for fair pay so that you can feel more appreciated for the job that you are doing.
Back Your Claims with the Latest Research
The first thing you want to do is research what your job title should be getting paid. Any time you negotiate, you have to have solid facts to back yourself up. Not coming prepared shows exactly why your boss justifies not giving you more money. Don’t just try to persuade but bring your research with you.
One useful tool is a salary calculator that uses data from anonymous surveys to show what you should be getting paid in your geographical area. Education and skillset also come into play when using such tools to calculate your worth on the job.
Negotiate at the Right Time
Whether you are already on the job or in the interviewing process, hiring managers are expecting you to negotiate your salary. If you are interviewing, don’t miss the chance to ask for more money from the very start. Consider this moment as the time you can set the tone for what you are going to get paid in the long-term. Be confident in your response. If you don’t know how to ask about salary, you can ask the employer for more details about the position so you can research the salary range.
If possible, refer to research when negotiating. This shows you’ve taken the proper initiative before the interview. If the employer is very strict with their budget, you can negotiate your salary at the top end of the employer’s pay range.
During your negotiations, you don’t have to focus just on salary. Your employer might have limits to how much they can offer. Consider making suggestions that open the opportunity to revisit the salary at a later date. You can also talk about the frequency in which you’ll be reviewed so you can find additional opportunities to negotiate performance-based rewards.
In the end, you want to show initiative and enthusiasm for your job. Companies are more likely to accommodate those that show they are excited for the work that they do. When it comes to getting what you want, be patient because patience usually leads to an opportunity that is well worth the wait.