Whether it's your first job or you've been part of your company for a decade, salary is still a hot topic. Everyone wants and works for a higher salary! But how can you get what you want?
You need to be practical when it comes to compensation. You need to evaluate yourself whether the amount of labor you put in is well compensated for, and of course, you also need to make sure your company gets back fairly what they pay you for.
The following are things you should consider in facing the age-old challenges of work compensation:
• Information Helps!
You need to remember that salary, especially for entry-level positions, is based on the whole compensation structure. In this phase in your career, your salary flexibility is limited since your monthly earnings are based on the standards set by the company. What you can do is to monitor where you are now and ask the human resource department about the actions you need to take to take the step up. Be proactive! You might even get promoted and deserve to earn that extra cash!
• There's No Harm in Asking.
Every company has its own way of handling compensation, but don't be afraid to ask. You might just receive what you're asking for. Just be careful with how you articulate your claims. Instead of coming across as too obnoxious, make your contributions recognized. Make sure your accomplishments are acknowledged so you have a strong case to initiate and continue negotiating about your compensation.
• It's Not Just About the Cash.
Remember, money isn't everything especially when you've just entered the workforce. If your company cannot accommodate an increase in your salary, try to ask for other additional incentives, such as flexible time, more vacation days, or performance bonuses. Seek trainings you can attend, skills you can acquire, and a network that will help you advance your career.
1 comment:
Sometimes we get discouraged if we don’t receive an increase in salary. But, look at the brighter side … There are many unemployed people who do nothing for themselves in order to become productive.
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