{"id":6637,"date":"2008-10-22T11:11:56","date_gmt":"2008-10-22T16:11:56","guid":{"rendered":"http:\/\/magic1host.com\/blog\/2008\/10\/22\/salary-negotiation-in-your-current-job\/"},"modified":"2008-10-22T11:11:56","modified_gmt":"2008-10-22T16:11:56","slug":"salary-negotiation-in-your-current-job","status":"publish","type":"post","link":"https:\/\/magic1host.com\/blog\/?p=6637","title":{"rendered":"Salary negotiation in your current job"},"content":{"rendered":"
by Trevor Davide Grant<\/div>\n

A colleague of mine asked me if it was normal or even possible to renegotiate the salary of your current job. He discovered by doing some research on the job market that he was quite underpaid in his field. He was wondering if it was easier to quit his job, and come back to the same company with a higher salary after working elsewhere for a while.<\/p>\n

Absolutely! You can definitely negotiate a pay raise in your career. I recommend people start considering a number of things in order to approach their bosses for a raise.<\/p>\n

Of course, if you just accepted a job offer, it is not a good time to ask for more money, but once you have some time and accomplishments behind you, you should look to salary negotiation. If you just accepted the offer, you did so fair and square. That is why it is important to know your value before accepting any job offer.<\/p>\n

Salary is not the only means of increasing your compensation package. You can also consider things like extra vacation, time off in lieu of overtime worked, and stock options as extra ways to add value to your compensation, and make it more easy for the employer to accept.<\/p>\n

Prior to asking for a pay increase you should do make sure to take a number of steps.<\/p>\n

1) Research and have confidence in your value in the job market. Make sure you have multiple sources for this information. Many salary sites are based on anonymous reports by unqualified individuals. Surveys conducted by market research firms are far more reliable when they go to the HR sources in the region.<\/p>\n

2) Know your value in terms of the contribution you add to the business. Also be aware of value adds you do in terms of saving company costs, delivering projects on time, and delivering quality in your work.<\/p>\n

3) Prepare yourself to discuss this with the boss, and mention that you would like an increase to be in line with the current job market salary range.<\/p>\n

4) Having done your research and having an intuition for where your performance falls within the percentile range, you will need to have a conversation with your boss and agree on the level you are performing at.<\/p>\n

There are many factors to consider. I recommend doing a lot of research. One thing is for sure, you will not likely get the raise as quickly or necessarily as much as you were hoping for without mastering your skills in salary negotiation.<\/p>\n

I highly recommend negotiating salary in your current job before considering leaving your job and trying to earn more money. This is particularly relevant if you are happy with your job aside from the salary. <\/p>\n

Having a job offer from another employer is a great tactic to give yourself an upper hand when asking for a pay raise. It is a trump card that you should only play if you feel you need to.<\/p>\n

\n
About the Author:<\/div>\n
Trevor Davide Grant is a project manager in the IT field and has extensive experience in salary negotiation<\/a>. Trevor has worked for large telecom, electric utilities, software development consulting, and a prevalent social network. He has learned how to negotiate a salary in the most powerfulway. Learn great tacticson the topic of salary negotiating at www.HowToNegotiateASalary.com<\/a>.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A colleague of mine asked me if it was normal or even possible to renegotiate the salary of your current job. He discovered by doing some research on the job market that he was quite underpaid in his field. He was wondering if it was easier to quit his job, and come back to the same company with a higher salary after working elsewhere for a while.<\/p>\n","protected":false},"author":2568,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[81],"class_list":["post-6637","post","type-post","status-publish","format-standard","hentry","category-careers","tag-careers"],"_links":{"self":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/6637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/2568"}],"replies":[{"embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6637"}],"version-history":[{"count":0,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/6637\/revisions"}],"wp:attachment":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}