Salary Increase - One Cent At A Time

How to Negotiate Salary at a New Job

September 1, 2014 6 Comments

Imagine you got through your dream interview and the offer letter has been extended to you. However, the salary offered is way below your expectations. What would you do? Let go of the job or accept what has been offered? There is a third alternative also which most forget. Negotiate for a better compensation. Here is how you can do it.

Do you know how disastrous not negotiating your first salary could be? A study conducted by George Mason University and Temple University researchers, and published in the Journal of Organizational Behavior has found that new hires who negotiated their starting salaries gained $5,000 on an average, which was worth over $600,000 over the course of a 40 year career.

How to Negotiate on Your Salary at Current Job

October 10, 2012 8 Comments

For some reason, my wife decided to ask this question, “If I work, how do I tell my boss I want a raise?” I could not help but wonder if she is trying to tell me, “I want that pair of shoes because I work so hard at home.”

Well, anyway, her question inspired me to create this post for all of you. Surely, it is not only she who struggles with asking for salary increases. I have to do that once in a while. In fact here’s my story of how I increased my salary last year. The problem is many are apprehensive to do it for fear they’re going to be kicked out from work!

The Best Way To Get a Salary Increment, A Real Story

April 20, 2011 33 Comments

How difficult it is to resist temptation to buy a fringe item from a store, just to save $5? It’s hard, when you feel thirsty while you’re standing in front a cold soft drink. It’s hard to resist. For me particularly resisting a bar of snickers is too much. Well, the point is, you work too hard to save a few dollar. You deprive yourself to save such paltry amount. When it comes to asking for a raise, more than 70% of employees simply don’t ask for raise. They are afraid of making this simple request to their bosses. The best and smallest answer to getting raise is – ask you boss for a raise.

When it comes to saving money we go all out and try everything we can, well, most of us. Then why not at the time of your performance review? Salary can only be increased to satisfactory level when you ask for it. Ask for a salary increase at the time of year-end appraisal, ask for a bigger pay check when you switch your job.

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