Monday, January 18, 2010

Think You Deserve A Pay Increase? Read This.

Many people are afraid to ask for a pay increase when there's really nothing wrong with doing it. If you are unsatisfied with your current pay rate and believe that you deserve to earn more, don't hesitate to discuss the matters with your boss. Trust us, you won't make your boss think lowly of you if you do it PROPERLY and LOGICALLY. In what ways can you make your negotiations proper and logical, you ask? Adecco, a popular recruiter in Singapore, shares these pay negotiation tips to Singapore.

-Research to know your REAL worth. We don't want you to take your current salary as your baseline of what to ask. Find out how much people in the same profession as you are earning.

-Take advantage of counter-offers. You might want to consider being open about your job offers from other companies with your current company, but don't bluff. "You might be surprised with the counter offer that they come back with", says Adecco.

-Remain flexible. Be willing to accept a small increase. "Accepting a smaller increase could also include a guaranteed bonus or other forms of compensations that would boost the final number", says Adecco.

Simply put,

The key is to present a logical argument as to why you deserve a pay raise. And of course, to have a firm standing that backs up your compelling reasons for the request.

To get more tips to ask for a pay increase, please visit our Career Advice section.

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