Maximize Your Current Income

haggle-2The easiest way to be better off is to maximize your current income.  That’s most likely to be a salary. Therefore, what you need to do is work or haggle to get a salary increase.

 

Now if you’re new to a job this isn’t for you. However, if you’ve been somewhere for a while and have been doing well, there’s a good chance that you may well get a salary increase. All you need to do is ask (which is what most people are afraid of doing!).

 

Now you have to be very tactical about this. Don’t just barge into your managers office and demand a pay rise – instead, build a case.

 

Setup a meeting and start it with a positive tone. Explain how much you enjoy it and why you think you have been doing well (mention achievements). Say that you really want to stay with the company and a pay rise will help to ensure that. Now, this is where you need to have done some solid research. Show how much your role pays in other companies – most of the time you’ll be able to find a job spec very similar to yours which is paying more – somewhere.

 

Use that to help present your case and back it up with anything else that might be relevant. For example, if your pay rise hasn’t been in line with inflation – say it. If you’ve been working extra hours, remind him. If you’re going above and beyond your role, explain how.

 

This article also provides some great tips that should really prepare you before that haggle :)