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HOW TO GET A GOOD SALARY
INCREASE



  Sukanya Patwardhan
  Sukanya.patwardhan@gmail.com
  98500-37928
  20th January 2013
KNOW YOUR WORTH




                                                                  20-01-2013
  Go to google.com and type
 “Pay Scale Salary Calculator India”




                                                                  Sukanya Patwardhan
This is a India specific link where you put your job title,
city/state etc. and check the market rate for your job.
 This general information will help you determine
   what to expect in your field.
 Best is to check with others on the market rates.

 However never ask people about their personal
   income number
 Instead ask someone who is regularly involved in
   hiring process about the current market trends.
 Be careful about cross country comparison.                  2
UPGRADE YOUR SKILLS
 Keep an eye on the relevant skills and consistently
  upgrade your skills




                                                             20-01-2013
 Assess your current skills and recognise what you
  need to do, to advance in your career.




                                                             Sukanya Patwardhan
 Companies are demanding fresh faces, sharp skills,
  fast thinkers and a variety of skills that will help
  them move quickly into the ever changing global
  economy.
 Some industries require constant upgradations
  through certifications. If your industry does not
  require that join professional organisations and
  attend relevant conferences.
 Keep a watch on relevant websites, trade magazines
                                                         3
  on what is latest.
THINK YOU DESERVE A RAISE? ASK FOR IT.




                                                          20-01-2013
 Make sure you really deserve a raise. Just
  showing up for work and doing what is required
  does not qualify you for a raise. Employers know




                                                          Sukanya Patwardhan
  that nobody is indispensable.
 Be clear about what you give to your company
  and the unique role you play.
 What are your special strengths?

 What expertise do you possess that makes you
  unique? How do you put your strengths to work?
 Carefully assess all these points to be sure that
  you deserve a raise.
                                                      4
MAKE A LIST OF ACCOMPLISHMENTS




                                                          20-01-2013
 Many people think that their employer knows
  what they achieved in the last year, but usually
  they do not, at least not to the extent you think




                                                          Sukanya Patwardhan
  they know.
 Keep a weekly journal on your goals and
  accomplishments. This will help you for the next
  appraisal and also for the job search.(If needed)
 Are there any work projects where you excelled?
  Did you take any classes on your time to improve
  your work performance? Make a list …

                                                      5
CHECK COMPANY POLICY




                                                           20-01-2013
 Be sure of your company policy and its financial
  performance.




                                                           Sukanya Patwardhan
 May be it is better to make your case before the
  appraisal cycle, as some companies make raise
  decisions before that.
 Have a reasonable figure in your mind.

 No matter what, no employer will give you a
  raise greater than the market rate.
 Negotiate perks as well depending on the phase
  of your life ( having a small child or having very
  old parents etc)
                                                       6
DON’T GET PERSONAL




                                                          20-01-2013
   Do not discuss your personal reasons regarding
    why you need a raise ( want to buy a house etc)




                                                          Sukanya Patwardhan
   Focus on what value you brought to the company

   Your boss does not care about your personal
    needs, instead cares about how you will make
    him/her win through your worth.



                                                      7
CHECK YOUR ATTITUDE




                                                          20-01-2013
 Never go into a meeting with a attitude
 “I deserve this”




                                                          Sukanya Patwardhan
 Never indicate or say that “I work harder than
  everyone else” or “ How come he/she got a raise”
 Keep your emotions in check. Tantrums, Tears
  and Ultimatums make you look unprofessional.
 Aim for a friendly but professional tone and keep
  the goal in sight all the time.
 In the event your boss acts hostile, maintain a
  calm, cordial and detached air.
                                                      8
READY TO WALK AWAY? THEN WHAT?




                                                          20-01-2013
 Keep your options open if your negotiations fail.
 Don’t act in a hurry, instead say that you




                                                          Sukanya Patwardhan
  understand that it is not possible now.
 Ask what you need to do to merit an increase.

 Be sure that your communication bridge with
  your boss is healthy.
 If your boss acts aggressively, be prepared to
  leave.
 If you decide to quit, make sure you are
  financially, psychologically and logistically
  prepared to do so and that the timing is right.     9
A NEW JOB OFFER …




                                                       20-01-2013
 If you have a new job offer in hand, when it
  comes to negotiation, go about it in a courteous,
  direct and an honest manner.




                                                       Sukanya Patwardhan
 Determine the realistic number in advance and
  wait for the talks.
 Don’t be the first one to mention the salary
  number in the job interview, let the employer
  introduce the number first.
 Talk about your worth by way of your previous
  contributions.
  You may have to tell about your salary history or
  use it to justify the desired raise. Be prepared
  with facts and figures.                             10
THE NEW JOB OFFER




                                                      20-01-2013
 Be diplomatic if you were underpaid, as this can
  become a block and make you look inadequate to
  the next employer.




                                                      Sukanya Patwardhan
 Quote a salary range in your company and say
  that you are looking for that salary range.
 Employers eliminate you because your salary
  was too low, hence avoid talking about salary
  right at the beginning.
 Talking about money is always stressful, but
  being prepared in advance and believing in your
  worth are keys to presenting your case.
                                                     11
REFERENCES
   Flavia Gonsalves Ger – New Woman – October 2008




                                                                   20-01-2013
   Why Women Earn Less:How to make what is you’re really
    worth – Mikeman Valretta
   Big Sister’s Guide to the World of Work: The Inside Rules




                                                                   Sukanya Patwardhan
    Every Working Girl Must know – Marcelle DiFalco and
    Jocelyn Greenkey Herz
   What Color is Your Parachute? – Richard Bolles
   Secrets of Winning at Office Politics – Dr Marie G McIntyre
   How to squeeze Every Penny from Your Boss – Norman
    Liberman
   CareerBuilder.com
   Job offer! A How to Negotiation Guide – Maryanne L.
    Wegerbaue
   Negotiating your Salary : how to make $1,000 a minute –
    Jack Chapman                                                  12
   60 Seconds & you are Hired – Robin Ryan

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How to get good salary increase

  • 1. HOW TO GET A GOOD SALARY INCREASE Sukanya Patwardhan Sukanya.patwardhan@gmail.com 98500-37928 20th January 2013
  • 2. KNOW YOUR WORTH 20-01-2013  Go to google.com and type “Pay Scale Salary Calculator India” Sukanya Patwardhan This is a India specific link where you put your job title, city/state etc. and check the market rate for your job.  This general information will help you determine what to expect in your field.  Best is to check with others on the market rates.  However never ask people about their personal income number  Instead ask someone who is regularly involved in hiring process about the current market trends.  Be careful about cross country comparison. 2
  • 3. UPGRADE YOUR SKILLS  Keep an eye on the relevant skills and consistently upgrade your skills 20-01-2013  Assess your current skills and recognise what you need to do, to advance in your career. Sukanya Patwardhan  Companies are demanding fresh faces, sharp skills, fast thinkers and a variety of skills that will help them move quickly into the ever changing global economy.  Some industries require constant upgradations through certifications. If your industry does not require that join professional organisations and attend relevant conferences.  Keep a watch on relevant websites, trade magazines 3 on what is latest.
  • 4. THINK YOU DESERVE A RAISE? ASK FOR IT. 20-01-2013  Make sure you really deserve a raise. Just showing up for work and doing what is required does not qualify you for a raise. Employers know Sukanya Patwardhan that nobody is indispensable.  Be clear about what you give to your company and the unique role you play.  What are your special strengths?  What expertise do you possess that makes you unique? How do you put your strengths to work?  Carefully assess all these points to be sure that you deserve a raise. 4
  • 5. MAKE A LIST OF ACCOMPLISHMENTS 20-01-2013  Many people think that their employer knows what they achieved in the last year, but usually they do not, at least not to the extent you think Sukanya Patwardhan they know.  Keep a weekly journal on your goals and accomplishments. This will help you for the next appraisal and also for the job search.(If needed)  Are there any work projects where you excelled? Did you take any classes on your time to improve your work performance? Make a list … 5
  • 6. CHECK COMPANY POLICY 20-01-2013  Be sure of your company policy and its financial performance. Sukanya Patwardhan  May be it is better to make your case before the appraisal cycle, as some companies make raise decisions before that.  Have a reasonable figure in your mind.  No matter what, no employer will give you a raise greater than the market rate.  Negotiate perks as well depending on the phase of your life ( having a small child or having very old parents etc) 6
  • 7. DON’T GET PERSONAL 20-01-2013  Do not discuss your personal reasons regarding why you need a raise ( want to buy a house etc) Sukanya Patwardhan  Focus on what value you brought to the company  Your boss does not care about your personal needs, instead cares about how you will make him/her win through your worth. 7
  • 8. CHECK YOUR ATTITUDE 20-01-2013  Never go into a meeting with a attitude “I deserve this” Sukanya Patwardhan  Never indicate or say that “I work harder than everyone else” or “ How come he/she got a raise”  Keep your emotions in check. Tantrums, Tears and Ultimatums make you look unprofessional.  Aim for a friendly but professional tone and keep the goal in sight all the time.  In the event your boss acts hostile, maintain a calm, cordial and detached air. 8
  • 9. READY TO WALK AWAY? THEN WHAT? 20-01-2013  Keep your options open if your negotiations fail.  Don’t act in a hurry, instead say that you Sukanya Patwardhan understand that it is not possible now.  Ask what you need to do to merit an increase.  Be sure that your communication bridge with your boss is healthy.  If your boss acts aggressively, be prepared to leave.  If you decide to quit, make sure you are financially, psychologically and logistically prepared to do so and that the timing is right. 9
  • 10. A NEW JOB OFFER … 20-01-2013  If you have a new job offer in hand, when it comes to negotiation, go about it in a courteous, direct and an honest manner. Sukanya Patwardhan  Determine the realistic number in advance and wait for the talks.  Don’t be the first one to mention the salary number in the job interview, let the employer introduce the number first.  Talk about your worth by way of your previous contributions. You may have to tell about your salary history or use it to justify the desired raise. Be prepared with facts and figures. 10
  • 11. THE NEW JOB OFFER 20-01-2013  Be diplomatic if you were underpaid, as this can become a block and make you look inadequate to the next employer. Sukanya Patwardhan  Quote a salary range in your company and say that you are looking for that salary range.  Employers eliminate you because your salary was too low, hence avoid talking about salary right at the beginning.  Talking about money is always stressful, but being prepared in advance and believing in your worth are keys to presenting your case. 11
  • 12. REFERENCES  Flavia Gonsalves Ger – New Woman – October 2008 20-01-2013  Why Women Earn Less:How to make what is you’re really worth – Mikeman Valretta  Big Sister’s Guide to the World of Work: The Inside Rules Sukanya Patwardhan Every Working Girl Must know – Marcelle DiFalco and Jocelyn Greenkey Herz  What Color is Your Parachute? – Richard Bolles  Secrets of Winning at Office Politics – Dr Marie G McIntyre  How to squeeze Every Penny from Your Boss – Norman Liberman  CareerBuilder.com  Job offer! A How to Negotiation Guide – Maryanne L. Wegerbaue  Negotiating your Salary : how to make $1,000 a minute – Jack Chapman 12  60 Seconds & you are Hired – Robin Ryan