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Billion Dollar Income

Negotiating a Raise


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Negotiating a raise. Real Life examples of how to negotiate a raise, from those who have negotiated a pay raise successfully.

How to negotiate a raise

Examples of how others have negotiated a raise successfully, as suggested by Hartman:

Upon taking on new duties

You: In the six months since my last salary review, I have taken over the responsibilities of Mr. X as well as retaining my own duties. Since he left the department, you turned over his accounts to me. While this additional work is challenging and I enjoy it, I believe it warrants additional compensation.

Upon promotion

Mr Supervisor: I thought getting the promotion you’ve been promised would please you. And the increase in salary is indeed commensurate with the new title. I can’t understand why you’re not satisfied. What salary would you be happy with?

You: I think you can understand better than anyone else, what raise should accompany a promotion – certainly not one that is just equal to a merit raise. I request that you reconsider what may be suitable.

Consider Fringe Benefits

In addition to or instead of negotiations for a raise, you might also want to consider negotiating for more fringe benefits. Some perks can be very valuable – consider the list below and see which ones you are comfortable with negotiating for:

  • Interest-free loans that can cover the purchase of a house
  • Spousal-assistance benefits
  • Health-club or gym memberships
  • Financial planning assistance
  • Additional commissions and bonuses
  • Cars and expense accounts
  • Professional dues
  • Time off for conferences and training sessions
  • Additional vacation and holiday leave
  • Extra payment for over time hours
  • Company contributions to insurance, stock-purchase plans, pensions
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