Comments on: Negotiate Your Salary in a Down Economy http://www.mint.com/blog/how-to/negotiate-your-salary-in-a-down-economy/ The blog of the free, simple personal finance solution. Track all your spending automatically, find the best deals, save more money. And save the world. Sun, 12 Feb 2012 05:07:51 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Carl Larson http://www.mint.com/blog/how-to/negotiate-your-salary-in-a-down-economy/comment-page-1/#comment-46352 Carl Larson Wed, 10 Mar 2010 22:27:59 +0000 http://www.mint.com/blog/?p=6660#comment-46352 Good advice. Tough times call for working harder AND smarter Good advice. Tough times call for working harder AND smarter ]]> By: Freind http://www.mint.com/blog/how-to/negotiate-your-salary-in-a-down-economy/comment-page-1/#comment-46340 Freind Wed, 10 Mar 2010 16:57:41 +0000 http://www.mint.com/blog/?p=6660#comment-46340 In a difficult situation such as in a global economic downturn, raise the question whether it's ethical to ask for salary raise while the company is trying to survive In a difficult situation such as in a global economic downturn, raise the question whether it’s ethical to ask for salary raise while the company is trying to survive ]]> By: Craig M. Rosenblum http://www.mint.com/blog/how-to/negotiate-your-salary-in-a-down-economy/comment-page-1/#comment-41703 Craig M. Rosenblum Wed, 04 Nov 2009 06:18:52 +0000 http://www.mint.com/blog/?p=6660#comment-41703 What about when you have a part time job, and want to make it full time, are there best practices what to do, what not to do? What about when you have a part time job, and want to make it full time, are there best practices what to do, what not to do? ]]> By: Brian http://www.mint.com/blog/how-to/negotiate-your-salary-in-a-down-economy/comment-page-1/#comment-41698 Brian Wed, 04 Nov 2009 04:11:51 +0000 http://www.mint.com/blog/?p=6660#comment-41698 Does this apply if you were job offered a promotion within the same company. Is it appropriate to ask for more than their initial offer? Does this apply if you were job offered a promotion within the same company. Is it appropriate to ask for more than their initial offer? ]]> By: Julia http://www.mint.com/blog/how-to/negotiate-your-salary-in-a-down-economy/comment-page-1/#comment-41554 Julia Sun, 01 Nov 2009 16:08:05 +0000 http://www.mint.com/blog/?p=6660#comment-41554 Today I have job,but I am not very satisfied and I have extremly misereable Salary. Very hard work and nothing more. Can you rell me something more about this theme Today I have job,but I am not very satisfied and I have extremly misereable Salary. Very hard work and nothing more. Can you rell me something more about this theme ]]> By: Carolyn Alburger http://www.mint.com/blog/how-to/negotiate-your-salary-in-a-down-economy/comment-page-1/#comment-40939 Carolyn Alburger Thu, 22 Oct 2009 19:43:54 +0000 http://www.mint.com/blog/?p=6660#comment-40939 Hi Heather, Garfinkle says your situation is not a lost cause. The key thing you need to do is make a case for the work you are doing that goes beyond your job description. Identify and document the extra responsibilities you’ve taken on. Next, you want to make sure you have stories that show the problem, action and result during your negotiation. Each specific problem or situation needs to have the action you have taken and the results that you achieved. Through these specific examples, the person on the other side of the negotiation begins to understand how valuable you have been to the company. This can help get your employer to see that you deserve a raise beyond the blanket percentage raise. I hope this is helpful, Heather. If you'd like to email Joel Garfinkle directly, you can reach him at: joel@dreamjobcoaching.com. Hi Heather,

Garfinkle says your situation is not a lost cause. The key thing you need to do is make a case for the work you are doing that goes beyond your job description. Identify and document the extra responsibilities you’ve taken on. Next, you want to make sure you have stories that show the problem, action and result during your negotiation. Each specific problem or situation needs to have the action you have taken and the results that you achieved. Through these specific examples, the person on the other side of the negotiation begins to understand how valuable you have been to the company. This can help get your employer to see that you deserve a raise beyond the blanket percentage raise.

I hope this is helpful, Heather. If you’d like to email Joel Garfinkle directly, you can reach him at: joel@dreamjobcoaching.com.

]]> By: Financial Samurai http://www.mint.com/blog/how-to/negotiate-your-salary-in-a-down-economy/comment-page-1/#comment-40900 Financial Samurai Thu, 22 Oct 2009 12:05:22 +0000 http://www.mint.com/blog/?p=6660#comment-40900 Good point about someone never getting fired for asking for a raise. That said, asking insensitively during an inopportune time plants seeds for a future lay off. BE CAREFUL! FS Good point about someone never getting fired for asking for a raise.

That said, asking insensitively during an inopportune time plants seeds for a future lay off. BE CAREFUL!

FS

]]> By: wayangtimes http://www.mint.com/blog/how-to/negotiate-your-salary-in-a-down-economy/comment-page-1/#comment-40871 wayangtimes Thu, 22 Oct 2009 06:20:28 +0000 http://www.mint.com/blog/?p=6660#comment-40871 this piece of article is so timely. as the year end is approaching and my workplace is planning our annual appraisal exercise soon, this is the time when i need to strategize on how to negotiate an increment and hopefully even a promotion! thanks :) this piece of article is so timely. as the year end is approaching and my workplace is planning our annual appraisal exercise soon, this is the time when i need to strategize on how to negotiate an increment and hopefully even a promotion! thanks :) ]]> By: Carolyn Alburger http://www.mint.com/blog/how-to/negotiate-your-salary-in-a-down-economy/comment-page-1/#comment-40859 Carolyn Alburger Thu, 22 Oct 2009 00:16:51 +0000 http://www.mint.com/blog/?p=6660#comment-40859 Hi Tyler, I sent your question to Joel Garfinkle and he said that the rules are the same. If you decide to discuss raise at a different time than the yearly basis, you provide an opportunity to stand out because it’s not when they expect. And you can make your argument and case seem even stronger because they didn’t see it coming. Garfinkle recommends starting off the conversation by saying, “I’ve thought a lot about my value to the company. There is a dramatic difference between the value I am providing the company and the amount that I am getting paid. I want to spend some time providing you with details of the value and impact I have provided the company. I'm curious to see if you think I'm getting paid fairly after I present my case.” Joel was also so kind as to extend his email if you'd like to get in touch with him direclty: joel@dreamjobcoaching.com. Good luck to you! Hi Tyler,

I sent your question to Joel Garfinkle and he said that the rules are the same. If you decide to discuss raise at a different time than the yearly basis, you provide an opportunity to stand out because it’s not when they expect. And you can make your argument and case seem even stronger because they didn’t see it coming. Garfinkle recommends starting off the conversation by saying, “I’ve thought a lot about my value to the company. There is a dramatic difference between the value I am providing the company and the amount that I am getting paid. I want to spend some time providing you with details of the value and impact I have provided the company. I’m curious to see if you think I’m getting paid fairly after I present my case.” Joel was also so kind as to extend his email if you’d like to get in touch with him direclty: joel@dreamjobcoaching.com. Good luck to you!

]]> By: Heather http://www.mint.com/blog/how-to/negotiate-your-salary-in-a-down-economy/comment-page-1/#comment-40809 Heather Wed, 21 Oct 2009 15:13:37 +0000 http://www.mint.com/blog/?p=6660#comment-40809 What could someone suggest for a company who gives a blanket percentage raise for all personnel in the company instead of based on individual performances? I have built up my case before, noting how I have saved the company money, gone above and beyond what is expected of me, and how I've streamlined a lot of processes that before took up a lot of time. I was shot down with a simple response: "That's all part of your job description." Meanwhile, my cube-mate sleeps on the job, (and has been caught doing it by management a number of times), takes at least twice as long for lunch and/or breaks as what's allowed, and disappears out of the office for hours at a time. Yet, when we actually do get a raise (which isn't often) we all get the same percentage. Any suggestions for how to better ask for a raise in this environment? Or is it a lost cause? What could someone suggest for a company who gives a blanket percentage raise for all personnel in the company instead of based on individual performances?

I have built up my case before, noting how I have saved the company money, gone above and beyond what is expected of me, and how I’ve streamlined a lot of processes that before took up a lot of time. I was shot down with a simple response: “That’s all part of your job description.”

Meanwhile, my cube-mate sleeps on the job, (and has been caught doing it by management a number of times), takes at least twice as long for lunch and/or breaks as what’s allowed, and disappears out of the office for hours at a time. Yet, when we actually do get a raise (which isn’t often) we all get the same percentage.

Any suggestions for how to better ask for a raise in this environment? Or is it a lost cause?

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