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Track your progress
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Communicate your results
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Negotiate for more
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Advocate for others
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Here’s what else to consider
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You've done your research, prepared your arguments, and negotiated a salary increase with your boss. Congratulations! But how do you make sure that your new pay is reflected in your contract, your paycheck, and your performance reviews? Here are some tips on how to follow up and ensure that your agreed salary increase is implemented and reviewed regularly.
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- Adela R. S. 🌎 Global Strategic Recruiting Expert | HR, Supply Chain, IT, Sales and More
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1 Confirm the details
The first step after securing a salary increase is to confirm the details in writing. Send a thank-you email to your boss, summarizing the main points of your negotiation, such as the amount, the effective date, and the frequency of the increase. Ask for a written confirmation from your boss or the HR department, and review your contract or offer letter for any changes. If you notice any discrepancies or delays, follow up politely and promptly.
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2 Track your progress
A salary increase is not only a reward for your past performance, but also an incentive for your future growth. To justify your pay raise and show your value to the organization, you need to track your progress and achievements. Set SMART goals for yourself, aligned with your boss's expectations and the company's objectives. Keep a record of your accomplishments, feedback, and challenges, and update your resume and portfolio accordingly. This will help you demonstrate your impact and potential in your next performance review or salary negotiation.
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3 Communicate your results
Tracking your progress is not enough if you don't communicate your results to your boss and other stakeholders. You need to showcase your work and highlight your contributions to the team and the organization. Use regular meetings, reports, presentations, or newsletters to share your successes, challenges, and learnings. Solicit feedback and recognition from your boss, peers, and clients, and thank them for their support. By communicating your results, you can build trust, credibility, and visibility in your role.
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- Adela R. S. 🌎 Global Strategic Recruiting Expert | HR, Supply Chain, IT, Sales and More
Communication is highly important, showcasing accomplishments AND goals and how they have brought success to the company will elevate your value from a financial perspective.
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4 Negotiate for more
A salary increase is not a one-time event, but a continuous process of negotiation and adjustment. You should not wait for a year or more to ask for another raise, especially if your role, responsibilities, or market value change significantly. You should monitor your salary and benefits regularly, and compare them with industry benchmarks and best practices. You should also look for opportunities to negotiate for more than just money, such as flexible hours, training, or perks. By negotiating for more, you can optimize your compensation package and career satisfaction.
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Take advantage of all the resources at your disposal. Multiple websites provide salary data, and recruiters specializing in your industry or functional skillset should be able to provide guidance on your market value.
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5 Advocate for others
Finally, you can justify your salary increase by advocating for others who deserve it too. You can share your negotiation tips, resources, and experiences with your colleagues, and encourage them to ask for fair and competitive pay. You can also support and mentor other employees who are looking for career advancement or recognition. By advocating for others, you can create a positive and inclusive work culture, where everyone is valued and rewarded for their work.
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6 Here’s what else to consider
This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?
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Salary Negotiations
Salary Negotiations
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