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Pay Raise - Simple Steps to Get What You Deserve

Pay Raise Original Content Videos Every Monday / Live Sessions Every Tuesday at 9am Pacific Time U.S. Check out our Practice Interviews AI Tool - https://app.practiceinterviews.com/ 1:1 Coaching Services (Practice interview / Strategy Session / Negotiation Coaching) https://www.practiceinterviews.com/co... Interview Mastery Course https://www.practiceinterviews.com/co... 6 Free Resource Templates https://www.practiceinterviews.com/fr... Check my Blog https://www.practiceinterviews.com/blog Follow me on LinkedIn for more original content   / jeffhsipe   - 0:00 - Intro Item 1: Are You Crushing It? • This week, this month, this quarter, ideally at least over the last quarter Item 2: Remember the Basics! • Be real and genuine • Come from a place of gratefulness • Use positive words, tone, and body language • Perspective, think about it from your bosses perspective, are they the ultimate decision maker • What is overall compensation policy and think about internal equity, would a raise put you out of the pay band for someone at your level in your role Item 3: Timing • See Item 1 :) • Specific time of year, this one is tricky, are you coming up on the yearly review, is it six months away, think away the performance review cycle • Logistics, what time of day, what time of the week typically works best for your boss Item 4: Preparation • What is your value and what core areas are you exceeding expectations, three to five items is ideal, specifically in core functions of the role, you should write these down and have a formal copy ready to email your boss if needed • Data, have salary data from websites if needed to show you are underpaid, only if you can confirm that fact • Practice having this conversation, with yourself, with a friend, family member, colleague, treat this conversation like a job interview, practice is critical, don’t wing it Item 5: Negotiation • Start with your prepared material of values and see if they agree with this value. Do you agree that I am providing value in these areas? • Strategy 1 - Based on these contributions and the value you agree that I am bringing to the organization and from what you have seen in the past from other high performers, what type of increase do you have in mind? • Strategy 2 is you can throw a percentage at them, percentages are less scary than dollar amounts, so you can say based on your performance and research on people in like positions (be able to provide them with that date too if needed), I think a 15% increase in base salary seems reasonable, what do you think? Item 6: Expect Questions • You are not getting out of this conversation without questions from your boss, you know them better than I do, anticipate anything • Practice, this is where your practice teammate can be so valuable, have them ask you questions, it will help you tremendously Item 7: Ask for Timing for a Response • Make sure you have at least a deadline for a path forward Item 8: How to Respond to a No • Be grateful that your boss heard you out • Ask if they are willing to work with you on a three to six month action plan to help you achieve your desired raise Thanks! Jeff