What do you do if your boss refuses to negotiate better compensation and benefits?

1 Know your worth

The first step is to know your worth in the market and within your company. Research the salary range and benefits package for your role, industry, and location. Use online tools, professional networks, and industry reports to gather reliable data. Compare your current compensation and benefits with the market average and the best practices. Identify the gaps and areas where you are underpaid or undervalued. Prepare a list of your achievements, skills, and impact that demonstrate your value and justify your request.

3 Negotiate strategically

The third step is to negotiate strategically and find a win-win solution. Don't make ultimatums, threats, or comparisons with others. Instead, focus on your value, goals, and expectations. Be flexible, realistic, and creative. Consider different options and alternatives that could meet your needs and your boss's constraints. For example, you could ask for more flexible hours, training opportunities, or recognition instead of a salary increase. You could also propose a performance-based or time-based plan to achieve your desired compensation and benefits in the future.

4 Evaluate your options

The fourth step is to evaluate your options and decide on your next move. If your boss agrees to negotiate better compensation and benefits, congratulations! You have successfully advocated for yourself and improved your situation. Make sure to get the agreement in writing and follow up on the implementation. If your boss rejects or postpones your request, don't give up. Ask for feedback, clarification, and expectations. Try to understand the reasons behind the decision and the possible solutions. You could also seek support from other stakeholders, such as HR, senior management, or mentors.

5 Plan your career

The final step is to plan your career and take action accordingly. If you are happy with your current role and company, but unhappy with your compensation and benefits, you could try to negotiate again after some time or look for internal opportunities that offer better rewards. If you are unhappy with your current role and company, and your compensation and benefits are not improving, you could consider looking for external opportunities that match your value and aspirations. Whatever you decide, make sure to maintain your personal brand, reputation, and relationships. Don't burn bridges, badmouth your boss, or slack off. Instead, be professional, respectful, and positive.