Asking for a Pay Raise

10 Steps to Negotiating a Pay Raise

Several times a year, participants will ask us, “Do you have any tips for asking for a raise?” Any negotiation regarding a sensitive issue like a raise can be difficult to negotiate. It is difficult because if your boss agrees to the raise, it almost always has multiple implications like an impact to her budget or creating a situation where other employees feel they are also entitled to a raise. For you, not getting the raise could ultimately impact your ability to live in the style you envision or have become accustomed to living. Asking for a raise can also be a risk. Not asking for a raise can carry a personal price. So, if you are going to tackle this topic, you need a plan. The following 10 tips will help you in maximizing your chances of obtaining a raise.

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Negotiation Articles

The following articles are Peter Stark’s “Must Read” for anyone that wants to improve their negotiating skills

Negotiating Win-Win Outcomes

The best outcome in any negotiation is a win/win outcome. A win/win outcome allows both parties in the negotiation to walk away with a positive feeling and a sense of accomplishing their objectives. Since few negotiations are one-time affairs, a win/win outcome allows both parties to leave the door open for future negotiations.

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