After 1 1/2 years without a raise or promotion (I've been stuck at entry-level), this morning I got both! A lady in our department announced her retirement yesterday, so I went to ask my boss if I could train for her job, but we decided I'll take over a different job that I already know almost perfectly.
We'll negotiate my pay later this week, and it should be quite a bit more than what I make, but I have no idea how to negotiate it. Do I ask how much the last person who had that position made, as starting point? My new position is MUCH more involved than my last one. I've never negotiated pay before, so any tips would be helpful!
Re: FINALLY!
Congrats!
I don't have any actual negotiating tips but I'd research how much someone in that field typically makes in that position as base your argument on that. They have a specific website I'm thinking about but I can't think of the name right now.Congratulations, this is huge!! I am so glad you got what you waited for, this is excellent news!
I would not ask how much the former person was making but be straight forward about what you would like to expect. I would say something along the lines of "I was hoping for a minumum salarly of $Xxx per year, which I feel is fair due to my competency and reliable performance with my current position." Since you are taking on more responsibility, you definitely want to make sure you are well compensated so don't be afraid to aim a little higher than you might first think... they worst they can do is say, "this is the best we can do" if it is lower, but they won't usually give you MORE than you ask for in most cases.
I agree with Erin. I also suggest dressing up for the meeting. Go in looking professional. Dress for the role you want, not the role you have as "they" say. Also, list your qualifications on paper. Basically, hand them in a mini resume on why you DESERVE (not want) the promotion and raise.
Good luck and congratulations!
1) That's GREAT news! Cha-ching!
2) See what you can find online regarding salaries for your type of position (industry, geographic location, education level, etc). That should give you a ballpark figure.
3) You may also be able to check with your HR Dept to find out at least what the salary range is for that postion.
Sorry she wasn't much help. I would definitely ask for more than just a dollar more... I mean, you can be realistic without being pushy about a certain amount and IMO it's better to ask for more than you expect, because you never know if they will agree! If you seem to be okay with settling for just a slight increase than you make now, then that is probably all they will give you... but don't be afraid to ask for a bit more based on the new position.
I am sure you will have a very convincing list for why you deserve the raise and hopefully they will recognize it and agree to a good compensation!
CONGRATS!!!!
Congratulations!!!