You're navigating through risks in your organization. How can you use your skills to secure a higher salary?

You can leverage your risk management skills by demonstrating your ability to identify, assess, and mitigate potential threats to the organization, which in turn protects assets and reduces costs. Presenting tangible results from past successes, such as avoiding financial losses or enhancing operational efficiency, showcases your value. Additionally, highlighting how your strategic risk navigation can contribute to the organization’s long-term stability and growth strengthens your case for a higher salary.

Working in a risk area has its own idiosyncrasies. If you have done a great job, the risks identified and mitigated will translate into the fact that crises or losses have been avoided. The better you are at your job the more people won't even know how much you have saved the organization. I think the trick to being fairly compensated is ensuring the person you reporting to clearly understands your job function. I recall from a bank I worked in that the head of credit risk was accessed based on credit losses - It was not his job to worry about new business but to be sure any new business did not result in credit losses. The board remunerated him well as they understood the value he was bringing.

This is not about working in a risk management domain particularly but in general, documenting all your work, what have you done to improve your skills and justify the contribution of the organisation's success this will help you to negotiate the salary also don't forget to understand and analyse the current market structure.

Highlight Risk Management Expertise: Quantify Risk Reduction: Measure and showcase the impact of your risk management efforts on cost savings or revenue growth. Develop Risk Mitigation Strategies: Create and implement effective risk mitigation plans, demonstrating your value to the organization. Emphasize Problem-Solving Skills: Identify Key Risks: Proactively identify and address critical risks, showcasing your ability to think critically and strategically. Develop Innovative Solutions: Create innovative solutions to complex problems, demonstrating your resourcefulness and adaptability. Demonstrate Leadership and Initiative: Take Ownership: Volunteer for high-risk projects, demonstrating your willingness to take on challenges

Effectively managing risks is a critical skill that not only safeguards projects but also drives organizational success. In my experience, demonstrating how my risk management efforts directly contribute to project outcomes has been key to securing a higher salary. I focus on quantifiable achievements—such as reducing project delays or preventing cost overruns—when discussing my value with leadership. By clearly connecting my skills to the company’s bottom line, I've been able to negotiate stronger compensation packages. It’s about proving that your ability to navigate risks is an investment in the organization’s success.

The only way to secure your salary is by delivering the expected results to your employer, for risk management it would be by properly identifying risks and establishing good mitigating controls.

Articulating expertise is crucial for effective negotiation. By clearly communicating your proficiency in complex risk assessment methodologies and industry regulations, you demonstrate your value as a risk management professional. This knowledge-based approach reinforces your role as a strategic asset to the organization

Seguramente es así porque todo lo que uno hace es para beneficio de la organización y a partir del conjunto de habilidades que posea el equipo para enfrentar los diferentes tipos de riesgo

Securing a high salary doesn't mean that you are getting more than you deserve. The most important thing for you is to understand your real added value to the organization, what skill set you possess, and what kind of valuable results it is bringing to the company (in figures). Your expertise is a value you must hone in a way that will always tend to increase your salary. The benchmark in the market is also important to help you strengthen your salary negotiation.

It is important to conduct an analysis of average salaries in your industry and position. You can use websites such as Glassdoor or LinkedIn Salary for up-to-date compensation information. You should also evaluate your skills and experience against the typical requirements of employers in your field. If you have specific skills that are in short supply or in high demand, this will give you greater bargaining power.

Market research is essential for salary negotiation. Understanding the industry standard for risk management professionals with your experience and qualifications empowers you to confidently advocate for fair compensation. This knowledge positions you as informed and serious about your career progression

Researching salary trends in your industry helps you understand the market demand for your risk management skills and assess whether your current compensation is competitive. By being informed, you can negotiate more effectively and present a strong case for salary adjustments based on industry standards. If your pay is below market rates, using this research provides leverage to justify your salary expectations.

Siempre creo que se toma de referencia las demás empresas empezando por la que mayor salario liquida a sus empleados hasta la peor, pero lo que identifica a cada empresa o de la forma, los elementos con los que se cuenta para realizar el trabajo y de esa forma de acuerdo a cada una de las empresas se puede sentar uno a negociar atendiendo las características de cada organizacion

1. Leverage Past Achievements: Use your past successes as leverage in salary negotiations. Highlight specific examples where your risk management skills directly led to significant outcomes, such as reducing legal risks or safeguarding operations. 2. Showcase Impact on Resilience: Emphasize how your contributions, like implementing a new compliance framework or developing a business continuity plan, have enhanced the organization’s resilience. These examples demonstrate your pivotal role in protecting the company. 3. Highlight Profitability Enhancement: Connect your achievements to the company’s bottom line. Show how your risk management efforts not only mitigated risks.

O Benchmarking é uma ferramenta de análise de mercado baseada na compara??o com outras empresas concorrentes, observando processos, metodologias, produtos ou servi?os que funcionam em um modelo de negócio. O benchmarking faz parte do planejamento estratégico de qualquer negócio e é um dos primeiros passos que um empreendedor deve dar para tirar sua ideia do papel.

Quantify Your Impact: Highlight how your risk management skills have directly saved the company money, protected its assets, or contributed to its overall stability. Use specific examples and numbers to make a strong case. Expand Your Role: Show that your skills are valuable beyond your current responsibilities. Propose taking on additional duties or leading initiatives that involve risk assessment, which can demonstrate your worth to the organization. Demonstrate Expertise: Stay current with industry trends and continuously develop your skills. Attaining certifications or advanced training in risk management can position you as an expert in your field, making a case for a higher salary

Your passed achievements are indeed necessary to leverage your salary negotiations. You have to demonstrate how these achievements have help improve the company’s performance with factual and quantified examples. The examples provided in the text above are very relevant ones.

La productividad dentro de las empresas es de suma importancia, medirla de acuerdo a las cargas de trabajo permite minimizar los riesgos. Por tal motivo la gráfica de Pareto es una herramienta que muestra dónde enfocar el esfuerzo para maximizar las áreas de oportunidad.

A qualifica??o do trabalhador pode servir como incentivo ao crescimento profissional. A empresa certamente oferecererá cursos e recursos aos seus colaboradores, ou até mesmo subsidiar parcialmente os cursos que acharem relevantes para a tarefa ou ao negócio da empresa. A empresa pode implantar plano de carreira profissional com descri??o de cargos e salários, onde para cada curso ou especializa??o esteja ligada a nova oportunidade de promo??es ou salários melhores.

1. Confident and Professional Approach: Initiate the conversation with confidence and professionalism. Be proactive in scheduling a meeting to discuss your salary increase, ensuring the discussion is well-planned and respectful. 2. Clear Presentation of Contributions: Clearly articulate your contributions, focusing on how your risk management skills have been crucial to the company's success. Highlight specific examples where your expertise has driven positive outcomes. 3. Strong Justification for Recognition: Make a compelling case for why your role deserves recognition through increased compensation. Emphasize how your ongoing efforts in risk management are vital to the organization’s continued success, justifying

Manejar una planeación de desarrollo estratégico, operativo y financiero gestionando en línea vertical y horizontal conlleva un esfuerzo conjunto para el Logro de metas

Obviamente uno en una mesa de negociación debe tener las respuestas ante todo o cualquier requerimiento que se le proponga y tratar de no ser sorprendido todo debe ser estudiado y nada nos debe sorprender

Unpopular Opinion: While seeking a salary increase is a common desire, it often masks deeper issues that may need attention. For instance, employees might be experiencing dissatisfaction due to lack of recognition, unclear career progression, or poor workplace culture. Focusing solely on salary can divert attention from these underlying problems, which, if addressed, could lead to greater job satisfaction and overall productivity. By prioritizing open communication and addressing these core issues, organizations can create a more engaged workforce, ultimately benefiting both employees and the company in the long run.

1. #Timing and #Impact: Strategically time your salary negotiation to coincide with performance reviews or the successful completion of a key project. 2. Value-Driven #Proposal: Prepare a clear, value-driven plan outlining how your expertise in risk management will continue to benefit the company. Highlight specific areas where your skills have mitigated risks or improved efficiency, reinforcing your importance to the organization. 3. Future-Oriented #Vision: Present a forward-looking vision that shows how your role will evolve to meet the company’s long-term goals. By aligning your growth with the organization's objectives, you create a compelling case for a salary increase that reflects your anticipated contributions.

To navigate risks within your organization and leverage that experience to secure a higher salary, strategic planning is essential. 1. Assess Organizational Risks 2. Develop a Risk Mitigation Strategy 3. Demonstrate Your Value 4. Align with Organizational Goals 5. Communicate Your Achievements 6. Propose a Salary Adjustment 7. Follow-Up and Negotiate By planning strategically and aligning your risk management efforts with the organization’s needs, you can effectively demonstrate your value and negotiate a higher salary.