Salary Negotiations Made Simple How to Negotiate a Pay Raise with The Naked Negotiator
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Oct 1, 2024 Michael Philips, a negotiation expert with 30 years of experience, shares invaluable insights on securing better pay. He discusses how to confidently ask for a raise and overcome common nerves associated with negotiations. The conversation touches on the unique challenges women face in these discussions and offers strategies to navigate them effectively. Philips emphasizes the importance of preparation, understanding your market value, and striking a balance between warmth and assertiveness during negotiations to achieve the compensation you deserve.
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Overcoming Negotiation Fear
- Research typical salaries for your role and experience level.
- This knowledge helps you understand fair market value and reduces negotiation anxiety.
Salary Gap as Potential
- A large gap between your current salary and the market value signifies significant negotiation potential.
- Avoid anchoring your expectations to your current low salary; focus on fair market value.
Managing Expectations
- Schedule a formal meeting to discuss your salary, giving your boss time to process the information.
- Don't expect an immediate answer, and reassure your boss of the conversation's confidentiality.