How to negotiate a new salary?

Anonymous

March 10,2022 at 2:28PM UTC

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How to negotiate a new salary?

Hello beauties,

I am working for a company while finishing my degree and they’ve given me a letter of intent to promote me upon completion of my graduation (yay!). I was so excited but I still have a few months to go so naturally I’m building anxiety about how to ask for the salary I want, how to determine the right salary, and how to stand my ground in case they offer less than I’m anticipating.

What are the most reliable sources for salary information and what are some tactics that worked (or didn’t work) for you?

Wish you all the best!

Thanks!

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AnonymousMarch 10,2022 at 5:28PM UTC
I would start now gathering market information on your new title and responsibilities. You need to determine where the salary range is so that you can back up your compensation demand.
You need to add in your current knowledge of tge company, it's processes, strategic goals and your contribution. Base your salary requirements on what you could get in the market plus what you already bring to the table (those mentioned above).
The key is to be very knowledgeable about your value, the market and speak to the advantage of having you promoted to this position .
AnonymousMarch 10,2022 at 7:05PM UTC
To add on to this recommendation, you also should be aware of what you need to live. If the salary range for your position in the market goes lower than what you need to survive (food, rent, gas, etc), you should have a plan for how to deal with that.
A good place to start for salary ranges is glassdoor. Also, don't forget to look at other things not included in salary (medical, dental, vacation) the things that will add a good work life balance.
Good luck and congrats on your upcoming graduation! :)