As such, negotiating your starting pay and asking for a raise are a critical determining factors when deciding to take a new job and feeling valued in an existing position. These tips can help you polish your negotiating skills and get the pay you deserve.
Work out your value
Thoroughly research what other people with your skills and experience are getting paid so you can back up your salary demands. Remember that the same role can be of different value in different industries so make your research remains relevant to your situation. Find out more or try out our Salary Calculator.
Improve your negotiation skills
It can be easier holding out for more money when you are in the process of being offered a job than trying to get a raise when you actually have one. Consider positions of power, bargaining tools and the consequences of non-agreement.
Utilise benefit schemes
Employees often undervalue the value of benefits when it comes to negotiating a salary. If your discussions aren't going particularly well, it's well worth trying to work into the package benefits that cost next to nothing for you employer, but mean a great deal to you.
Make the most of your money
If you are having a tough time with money, you may have to make a choice between getting into more debt, becoming a hermit, or coming up with some ways to save the pennies. Look to set budgets, destroy credit cards, eat cheaper and consolidate any outstanding loans.
Save for the future
It's never too early to start saving for your retirement. For most companies it's an obligation to give you access to a pension scheme or at least point you towards a financial advisor who can explain the ins and outs of the thousands of pension options that are available.