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Tips for Successful Salary Negotiations

Tips for Successful Salary Negotiations

It can be hard for people to land a job, especially in a field that is popular and attracts many qualified candidates. So, when they do get hired, they may be afraid to rock the boat. They know that they can earn more money, but should they try to ask for a raise, knowing that it could jeopardize their position?

Keep in mind that there are jobs aplenty right now, with hiring exceeding pre-pandemic levels. People with a good amount of skills and education in certain fields are in high demand. Many workers are quitting their jobs and getting much higher salaries elsewhere. You could be one of them.

Do not leave money on the table. Get paid what you are really worth with these tips for negotiating your salary with confidence.

Stay on Top of Trends

Look to see what jobs are hot and trending. Do you have a skill or background that is in demand? If so, figure out what you are worth. Find the going rate for your position based on experience. Then, adjust it based on your location. This will give you an idea of what you should be asking in terms of salary.

Explain Yourself

It is not enough to know how much you are worth. You need evidence to back it up. Do you have a lot of experience? Are you skilled in certain programs? Think about how your background can benefit your employer. Tie your strengths to your position so you can prove that you are worth much more than your current salary.

Practice the Discussion

You want a raise. How will you get your point across to your employer? Make it a point to practice the conversation you want to have. Think about questions you might be asked and go over your speech a few times so you feel confident. You may even want to practice with someone who is business savvy.

Look Elsewhere if Necessary

If your employer is not receptive to salary negotiation, you may want to try it again at a later date—perhaps at the time when raises are typically given out. You may also want to wait until you complete a major project. But if your employer is still giving you the cold shoulder, it may be time to look elsewhere for a higher salary.

Get it in Writing

Do not rely on an oral agreement. Get an employment contract in writing so that you have something to refer to in negotiations. The agreement should include the salary amount and any other information such as bonuses and incentives. 

Contact a Newark Employment Attorney

Whether you are starting a new job or want a raise at your current job, successfully negotiating your salary is key. You do not want to sell yourself short in this economy.

The employment law attorneys at Marshall Forman & Schlein can help with employment agreements and contracts. Do not sign anything until you let us review it first. We will help you look for any red flags. Contact us today for a consultation by calling our office or filling out the online form

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