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At some stage of their life, almost everyone has completed an apprenticeship or a degree and is let loose into the free world of work. Big money is in sight – or can at least be negotiated over the years. During the course of their working life, employees knock on the boss's door every two years or so to ask for a salary increase. Then it is a case of arguments, persuasion and tough negotiation.
Regardless of whether you are about to start your career, are planning a job change or are taking on a new position within your company. There are a wide range of factors that can affect your salary. The comparison to identical jobs or industries is obvious, and be used as orientation for the required salary, but you can get a realistic assessment by means of the interplay of the following criteria:
In addition to these factors, it is always worth taking a look at the current economic situation and the competition on the job market – information which you should also include in your calculation.
Also consider whether only a monetary gain is exciting for you or if you are also satisfied with other benefits, such as support for travel costs, a gym subscription or the possibility of a sabbatical.
Particularly as a young professional, it is difficult to know your worth and confidently demand a salary that matches your qualifications. But also, or perhaps because you are just starting out, it makes sense to get some comprehensive information. What is the salary structure like in your occupational group or industry? Numerous professional associations, industry reports, tariff tables, salary calculators and the Federal Employment Agency provide a good basis for this. You can also use your experience from job interviews to correctly assess or adjust your salary expectations. If you had to provide a salary expectation in the cover letter beforehand, your future employer can already assess whether or not your expectations are the same. If your demands are higher or lower than the employer’s, you would probably not have been invited for an interview in the first place.
A small tip: When you are asked to state your expectation in terms of gross annual salary, bear in mind the fact that the net salary that is paid depends on too many personal factors.
And also: Money isn’t everything – think about your lower limit, whether you should negotiate a salary increase after the probationary period or whether your employer might be of interest to you with attractive additional benefits.
Examples of attractive additional services might be:
Good preparation is the be-all and end-all in salary negotiations You are the best judge of what you can do, the successes that you have achieved and what you are worth. So be self-confident, think about your arguments carefully, find the right moment and persuade your boss to want to pay you more. Your choice of words may also play a part in your manager’s decision. Try asking for a salary adjustment and not an increase!
10 salary negotiation tips for your salary increase:
As well as all of the considerations with regard to arguments, successes, experiences and goals, there are a few rules of thumb that you can use as a guide when asking about a salary increase:
Before the salary negotiation, think about what your lower limit is, and plan for possible concessions. You are negotiating, so be aware that your counterpart may negotiate you down or not accept your demands at all. If your ideas are not achievable, keep looking around the job market, but don't sell yourself at less than your worth.
If you take these tips to heart, you will have more chance of a successful salary negotiation.
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