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How can you successfully negotiate a raise?

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Negotiating a raise can be a challenging and stressful process, especially if you are just starting your career. However, with some preparation, research, and communication skills, you can increase your chances of getting the compensation you deserve. Here are some tips on how to successfully negotiate a raise in the context of decision-making.

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1 Know your value

Before you approach your boss or HR manager, you need to have a clear idea of how much you are worth in the market and in the company. Do some research on the salary ranges for your role, industry, and location, and compare them with your current pay and benefits. Also, gather evidence of your achievements, contributions, and impact on the business, and quantify them as much as possible. This will help you justify your request and show your value to the employer.

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Christopher Lind

Bridging Business, Technology & Human Experience | Executive Advisor | Business & Product Transformation | Devoted Husband and Father of 8
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Knowing your value is about for more than a number you think you should be paid. It also includes being objective about your skills and capabilities and being able to connect them to real problems your organization is trying to solve. If you think you’re better than you are or believe you are capable of solving problems your organization isn’t concerned about, your value assessment is irrelevant. It’s also important to consider whether the value you have to offer may not be valid for the role you’re currently in. If your skills and capabilities are greater than what the role currently requires, you should focus your efforts on figuring out where you can best transition, so your desired compensation matches the value you bring to the role.

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Hamed Gaballah

CEO & Founder at OD Practitioners
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Through selling the add value versus company needs through By reviewing the achievements that you can do. selling my competitive age" Why me ?"

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Kalyani Kumar

Executive Director, Human Resources at MSCI
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Quantify your value. Use measurable achievements to demonstrate your impact. Whether it's revenue growth, cost savings, or project success, numbers can back your case.

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Akpor Ayamagbatse

I help you achieve business process optimization through data-driven analysis | Business Analyst | Agile → Process Mapping → Stakeholder Collaboration → Risk Management → KPI Monitoring → Workflow Optimization
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Successfully negotiating a raise requires careful preparation and effective communication. Begin by researching industry standards and benchmarks for your role, considering factors such as experience, skills, and accomplishments. Document your achievements and contributions within the company, showcasing your value to the organization. Choose an opportune time for the discussion, such as after a successful project or during a performance review. Clearly articulate your request, emphasizing specific accomplishments and the impact of your work on the company's success. Be confident and assertive, but also open to constructive dialogue. Consider the overall compensation package, including benefits and perks, in addition to the base salary.

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2 Choose the right time

Timing is crucial when it comes to negotiating a raise. You want to avoid asking for more money when the company is facing financial difficulties, undergoing major changes, or dealing with a crisis. Instead, look for opportunities when the company is doing well, when you have completed a successful project, or when you have received positive feedback. You can also align your request with your annual performance review, or with the end of a fiscal year or quarter.

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3 Prepare your pitch

Once you have decided when to ask for a raise, you need to prepare your pitch. This means crafting a clear and concise message that explains why you deserve a raise, how much you are asking for, and how it will benefit the company. You should also anticipate and prepare for possible objections or counteroffers, and have a strategy to handle them. For example, you can practice your pitch with a friend or a mentor, and ask for feedback and suggestions.

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Pearl Gupta, CA

CA| Linkedin Community Top Voice- Top 1%| 18.8k+ fam & 700k+ Views| KPMG- FDD| MDI’2025| Ex- Vedanta Plc| Women Empowerment Committee- ICAI| Mentor at Chegg Inc,Topmate, Expertron, CA Monk, Legal Recourse, Charterpreneur
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Negotiating is an art and preparing a pitch is very important to get yourself prepared to negotiate. Pitch should cover that why do your deserve a raise, what are the industry standards, how you are perfect fit for the role. You should also understand your worth and how much value you could add to the new organisation.

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4 Be confident and respectful

When you are ready to initiate the conversation, you should approach your boss or HR manager with confidence and respect. You should be polite and professional, but also assertive and persuasive. You should avoid being too aggressive, emotional, or defensive, as this can damage your relationship and reputation. You should also avoid making ultimatums, threats, or comparisons with other employees, as this can backfire and harm your negotiation. Instead, focus on your value, your goals, and your mutual interests.

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Antonio Hoyos Chaverra

Impulso innovación, crecimiento y talento en el sector energético | Innovación | Talento | Estrategia | Dise?o Organizacional
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Es importante exponer con claridad tus motivaciones sin generar presiones contraproducentes. La asertividad con la que realices esta solicitud dará muestra de tu tenor profesional y te permitirá hacer méritos para conseguir un aumento o mejor posición.

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5 Listen and negotiate

During the conversation, you should listen carefully and attentively to what your boss or HR manager has to say. You should acknowledge their perspective, address their concerns, and ask questions to clarify their position. You should also be flexible and willing to negotiate, as you may not get exactly what you want. You should have a range of acceptable outcomes in mind, and be prepared to compromise on some aspects. For example, you can consider other forms of compensation, such as bonuses, benefits, or perks.

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Kalyani Kumar

Executive Director, Human Resources at MSCI
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Knowing when to stop is part of listening deeply. If the negotiation reaches an impasse, be prepared to gracefully accept the current offer or propose a future review. Maintaining a positive relationship regardless of the outcome is crucial.

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6 Follow up and document

After the conversation, you should follow up and document the outcome. You should thank your boss or HR manager for their time and consideration, and restate your agreement and expectations. You should also ask for a written confirmation of the raise, and keep a copy of it for your records. You should also monitor and track your progress and performance, and continue to deliver value and results. This will help you maintain your credibility and reputation, and set you up for future success.

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7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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Jayakumar Sundararaj

A servant leader, hands-on engineer, loves to help people.
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Understand and articulate your worth to the company. Timing is key, align your request with business cycles or after successful project completion. Prepare a compelling argument showcasing your achievements and contributions. Approach the discussion with confidence yet maintain a respectful tone. Engage in active listening and be open to counteroffers. Finally, follow up in writing to confirm agreements and understand next steps.

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How can you successfully negotiate a raise?

1

2

3

4

5

6

7

1 Know your value

2 Choose the right time

3 Prepare your pitch

4 Be confident and respectful

5 Listen and negotiate

6 Follow up and document

7 Here’s what else to consider

Decision-Making

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How can you successfully negotiate a raise?

1

2

3

4

5

6

7

1 Know your value

2 Choose the right time

3 Prepare your pitch

4 Be confident and respectful

5 Listen and negotiate

6 Follow up and document

7 Here’s what else to consider

Decision-Making

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