Working women, have you ever had to negotiate for a pay raise? Tell us about your experience!
A colleague recently posted about negotiating a raise, and I think she is taking all the right steps: She did her research on salary.com to see where she stood vs others who do the same work, taking her acquired kills and responsibilities into consideration. From this, she was able to determine how much she could be making comparatively and calculated both a reasonable and an ideal percent increase. She also compiled a list of non-monetary bonuses that could be supplemented as well. I think that this gives her a lot to work with when she goes into the office to have The Talk, so best of luck to her!
On the opposite end of the spectrum, I had an unsuccessful raise negotiation back when I was promoted in late 2008. It was my first opportunity to negotiate a raise, and I didn’t do the greatest job! To make a long story short, I surprised the DSM with the discussion and flatly asked for a specific rate of pay. I based my information off of some discussions I had with people in my networks, some of whom had previously worked for the company in my position. But that was it; I didn’t take into consideration what these individuals brought to the company at the time of their hire or the current state of the economy and its effects on the company. I had no idea what other people in my position were being paid at that time, and to my embarrassment, learned that the pay I was being offered was on the higher end.
At that point, I backed off and accepted the original offer, probably blushing at my lack of information. Sometimes I wonder if I could have lowered my counter a little and brought up some of the transferable skills/experience that I would have brought to the position from my previous job. Would I have been more successful? I suppose I will just have to file this one under Life Tuition and be better prepared for my next negotiation opportunity.