Salary Increase Letter
Sometimes it's necessary to write a salary increase letter to clarify your position and ask for higher salary. While we at Springraise recommend you do as much negotiation as possible in person, over the phone, through a recruiter, or even an HR rep from the company you're interviewing with--an email can be a powerful way to justify your request for more money. (For FREE salary increase letters, just contact us and we'll email them to you!)
If you must write a salary increase letter, it must achieve two goals:
1. Justify your request for higher salary
Justification of a higher salary request can be difficult because there are few external sources that a company will consider valid to justify your request. There are some great pieces of information that companies do use including salary surveys. These surveys are sold to companies so they can get a sense of what competitive salaries are at different levels. If you have that report, then you have equal ground.
2. Convey that you're willing to walk away from the offer
Positioning in negotiation is key. The ultimate power in a salary negotiation is walking away. Companies spend thousands of dollars to get people in the seats to interview. When they like someone, they WANT that person. If you are that person and there's a credible threat that you'll walk away, companies tend to negotiate. Let me make this clear:
It is cheaper for them to increase your salary than it is for them to keep looking for candidates.
I have hired many people throughout the course of my career and this is generally accepted law, not theory. It's a secret employers don't want you to know! So have confidence and don't be afraid to actually walk away if the salary isn't right.
You're going to see other sites that propose long five paragraph salary increase emails. Don't fall into that trap. Your justification can be short and to the point. Note, and this is VERY important: Don't try to justify your salary increase by using only salary calculators. That will offend the person with whom you're trying to negotiate. Why? Because salary calculators are unreliable and companies believe they already offered you a competitive package.
Your justification must have more meat to it, including your current salary, and whether you would have to take a pay cut. Also, your justification should also include something that will benefit the company AND your manager directly. Give the manager something to look forward to when hiring you at your negotiated salary. If you have the salary information for someone at that company at your entry level, then using that would be beneficial. This is extremely important in winning your negotiation. Just fill out the form below and we'll send you FREE salary increase letter samples! Good luck!
Salary Negotiation Letter
Sometimes it's necessary to write a salary negotiation letter to clarify your position and ask for higher salary. It can be scary, but do yourself a favor and make it happen! While we at Springraise Salary Negotiation recommend you do as much negotiation as possible in person, over the phone, through a recruiter, or even an HR rep from the company you're interviewing with--a letter can be a powerful way to justify your request for more money.
If you must write a salary negotiation letter, it must achieve two goals:
1. Justify your request for higher salary
Justification of a higher salary request can be difficult because there are few external sources that a company will consider valid to justify your request. There are some great pieces of information that companies do use including salary surveys. These surveys are sold to companies so they can get a sense of what competitive salaries are at different levels. If you have that report, then you have equal ground whether looking for a bigger raise or negotiating salary for a new job. Another powerful justification is to know the company's salary band for your position. Some companies publish it, but for those that don't, having that information makes your negotiation that much easier.
2. Convey that you're willing to walk away from the offer
Positioning in negotiation is key. The ultimate power in a salary negotiation is walking away. Companies spend thousands of dollars to get people in the seats to interview. When they like someone, they WANT that person. If you are that person and there's a credible threat that you'll walk away, companies tend to negotiate. Let me make this clear:
***It is cheaper for them to increase your salary than it is for them to keep looking for candidates.***
I have hired many people throughout the course of my career and this is generally accepted law, not theory. It's a secret employers don't want you to know! So have confidence and don't be afraid to actually walk away if the salary isn't right. For more information, check out our salary negotiation guide. This comprehensive manual walks you through the salary negotiation process, gives you real examples of how people have increased their salaries through letters and personal relationships, as well as gives you insight into how employers make salary decisions. The guide is a must-have if you've just gotten a job offer or raise and want to increase your compensation. Not acting can lose you thousands of dollars. I've seen it happen. Don't let it happen to you.
Let's say you don't negotiate and get paid $5,000 less than you could have made. If you're a strong performer, at next raise time, you may have gotten 10%. So you made $45,000 per year instead of $50,000. Instead of getting a $5,000 raise next year, you got $4,500. You lose not only the $5,000 from the first year, but $500 next year. Imagine you stay on the 10% increase path for 5 years. You will have lost over $33,000 in total because you didn't negotiate for that initial $5,000 you deserved. Again, don't let it happen. Our salary negotiation guide shows you how to avoid this pitfall and others to get on higher salary ground throughout the rest of your career. Check it out and good luck!
If you would like FREE sample salary negotiation letters, just fill out the form below with the subject "FREE" and we'll send you your samples!
Salary Negotiation Tips
Let's face it. We all want to get paid the highest amount possible for doing our jobs. The jobs we do help our companies make a lot of money and without employees many of the great products wouldn't come to market. How many of you feel like you're adequately paid for the value you provide to your company? I didn't think so. How then can you earn more money for doing what you're doing?
1. Get in a hot industry
Easier said than done right? Well you know what the hot industries are , and if you don't there are websites than can tell you. How do you get into that industry? We all have transferable skills. Map out your experience in what I call an "experience matrix". Want a surefire way to know if you're in a slow industry? Figure out if your raise was lower than the national rate of inflation. If you're an above average employee and your raise was that low, then you're in a slow industry.
2. Work smarter AND harder
When you work smarter at your job you become highly productive at doing what you have to do....but this frees up time...for pet projects that are risk free and may actually bring value. Doing things differently is what makes you stand out above your peers and bring more value to the company. Most companies actually do reward creativity and dedication.
3. Know your market value
Keeping an eye on what your peers make can let you know if you're underpaid for your job. The best way to do this is to ask your peers (or use springraise.com, of course!). True, most managers don't like their employees comparing salary notes, but that's self serving. It's a manager's job to keep payroll as low as possible. It's your job to get paid as much as possible, and knowing how much people make around you can help you. At my first job out of college after I'd been there a year, I learned that newly hired undergrads were getting paid more than I was-and that's with the promotion I had just received! I used that knowledge to go to my manager to request more money. And I got it-a 16% raise.
These methods not only work separately, but also in combination. Think about if you're in a hot industry, you're outperforming your peers, and you know you could get paid more, then all of those things can work for you to get extraordinary salary increases. I was a management consultant in the mid 90s heyday and had worked smarter and harder than my peers. I also knew that I joined my company making slightly less than the average person at my level. Therefore, I got an 18% raise since I was seen as a top performer. Those kinds of raises only occur in hot industries where profits are strong and companies have to reward top talent in order to keep them happy and not look to jump ship.
To get those high raises, follow these techniques, and combine them when possible. You'll find your compensation will explode and you'll attain all of your career goals.
Salary Negotiation
ANYONE CAN NEGOTIATE HUGE SALARY INCREASES!
springraise: an extraordinary salary increase
Salary negotiation is one of the main keys to maximizing your career compensation over time. You can’t leave it to chance. You can’t let your boss dictate to you how much you should be paid. Information is power and Springraise Salary Negotiation is here to help you make the highest salary you can—not just now, but over the life of your career. Don’t take a chance, take the lead in your salary negotiations.
Check out the first of our videos from our exclusive Salary Negotiation Series. Here, our Founder, David Williams discusses how he was able to get a double-digit raise in his first negotiation out of college!
Salary Negotiation Letter
Sometimes it's necessary to write a salary negotiation letter to clarify your position and ask for higher salary. While we at Springraise Salary Negotiation recommend you do as much negotiation as possible in person, over the phone, through a recruiter, or even an HR rep from the company you're interviewing with--a letter can be a powerful way to justify your request for more money.
If you must write a salary negotiation letter, it must achieve two goals:
1. Justify your request for higher salary
Justification of a higher salary request can be difficult because there are few external sources that a company will consider valid to justify your request. There are some great pieces of information that companies do use including salary surveys. These surveys are sold to companies so they can get a sense of what competitive salaries are at different levels. If you have that report, then you have equal ground.
2. Convey that you're willing to walk away from the offer
Positioning in negotiation is key. The ultimate power in a salary negotiation is walking away. Companies spend thousands of dollars to get people in the seats to interview. When they like someone, they WANT that person. If you are that person and there's a credible threat that you'll walk away, companies tend to negotiate. Let me make this clear:
***It is cheaper for them to increase your salary than it is for them to keep looking for candidates.***
I have hired many people throughout the course of my career and this is generally accepted law, not theory. It's a secret employers don't want you to know! So have confidence and don't be afraid to actually walk away if the salary isn't right.
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Get Top Dollar! shows you many more and how to make double and even triple digit percent salary increases. I have gotten salary increases of 16%, 35%, 18%, 80%, 51% and 123% (Wow!) throughout my career. I can help you do the same.
Get Top Dollar! Salary Negotiation Guide
Get Top Dollar! gives you COMPLETE examples of where I've used my PROVEN methods to get extraordinary salary increases.