Negotiating a Raise
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.
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