Chicago Tribune (Sunday)

Alphabet coup: An A to Z guide to negotiatin­g a raise

- – Marco Buscaglia

If you want an increase in your salary, you’re going to have to put some work in, says William Diamond, a recruiter in Tampa, Florida. To build your case, Diamond has created an A-through-Z guide to getting a raise:

A: Assert yourself

Don’t be afraid to speak up and assert your value. Confidence is key in salary negotiatio­ns.

B: Be prepared

Research salary ranges for your position and industry. Come prepared with data to support your request. C: Choose the right time

Don’t go stor ming into the office with an off-the-cuff request. Timing matters. D: Demonstrat­e your worth Highlight your achievemen­ts and contributi­ons to your employer. Show how you’ve added value.

E: Evaluate the offer

Carefully analyze the initial offer. Consider not only the base salary but also benefits and bonuses.

F: Focus on the future Emphasize your commitment and continued dedication to the company’s growth.

G: Get creative

Consider non-monetary benefits, like flexibl e hours, remote work or additional vacation days as part of your negotiatio­n. H: Have a range in mind Instead of stating a specific number, provide a salary range to allow room for negotiatio­n.

I: Inquire about the process for raises Ask about the company’s policy on salary reviews and potential for future raises.

J: Justify your request

Back up your salary request with specific reasons related to your skills, experience, and market value.

K: Keep your emotions in check Stay c alm and composed during the negotiatio­n. While what you earn to make a living is personal, reaching the proper amount requires profession­alism. L: Listen actively

Pay attention to the employer’s responses and be open to counteroff­ers and compromise­s.

M: Market yourself

Highlight any unique skills, certificat­ions or experience­s that set you apart from other candidates.

N: Negotiate benefits

Don’t focus solely on salary. Consider negotiatin­g for benefits, such as hea lthcare, retirement plans and stock options.

O: Opt for profession­alism Maintain a profession­al tone and demeanor throughout the negotiatio­n process.

P: Practice your pitch

Practice your negotiatio­n with a friend or mentor to refine your pitch and responses.

Q: Quantify your achievemen­ts

Use measurable results to showcase your impact on the company’s success. R: Research your industry

Stay updated on industry standards and salary trends to ensure your request align s with the current market.

S: Seek feedback

Ask for feedback on your performanc­e and seek informatio­n on those areas you can improve to strengthen your negotiatio­n position.

T: Think long-term

Consider the long-term implicatio­ns of your salary request. A higher starting point can lead to more significan­t earnings over time.

U: Understand their perspectiv­e While it may be difficult, try to see the negotiatio­n from the employer’s viewpoint.

V: Value propositio­n Communic ate how your skills and expertise align with the company’s goals and how this adds value.

W: Work toward a win-win solution Strive for a mutually beneficial outcome where you and your employer feel satisfied with the agreement.

X: X factor

What can you say to set yourself apart from others? You need to offer some tangible proof about why you deserve more money.

Y: Yield to reason

Be open to compromise and flexible in your negotiatio­n strategy.

Z: Zero in on your goals

Stay focused on your ultimate goal, which is to achieve fair compensati­on for your skills and contributi­ons.

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