Thumbs-Up for Using a Job Offer to Bump Up Your Salary or Get a Promotion

  • Skillroads
  • Blog
  • Thumbs-Up for Using a Job Offer to Bump Up Your Salary or Get a Promotion

It seems like you got into a tricky situation: a company has made you a job offer with a higher salary (or other benefits, which made you consider this job opportunity), but you are not ready to leave. You solve challenging tasks, got used to the team and do not want to quit playing soccer with the guys from the back office. You do not want to leave, but you can’t help the feeling you can get more if you get a new job. A recent study by Hays shows, 39% of employees got fatter paycheck due to the leveraging job offers. That means you can benefit from this situation and use a job offer as an effective tool to get a promotion or a pay raise.  

salary_rise_ideas

Bring Your Achievements to the Table

If you are determined to score your salary or get a promotion at work, you should be ready to show results. In this case, your job offer is an ace in the hole and could be used as a heavy reason to satisfy your requirements. Besides, it is always useful to sum up your achievements; it will help you to understand whether you’ve reached your goals and fulfilled your professional potential at your current place at work. It might turn out that it is time for you to move and there’s no need to negotiate. In fact, studies by Burtch Works show that you may get salary increase when changing jobs by 20% on average.

Don’t Blackmail Your Boss

If you are considering the opportunity to stay in the current company, be brave and talk to your boss about your further development prospects. According to the study conducted by Jobvite, 29% of employees got a pay raise as a result of salary raise negotiation. That means, 71% of the workforce is missing an opportunity to get paid more. 

How to tell a company you have another offer? While negotiating salary with current employer remember to be polite and do not push too hard – it shouldn’t look like an attempt to issue an ultimatum. Apply your diplomatic skills and mention that you were recommended to another employer as a person with a certain expertise, and now you are offered an interesting position with enhanced responsibilities or more attractive salary and social package. Explain what motivates you to achieve higher results, and give your boss an opportunity to decide whether your interests can be ultimately satisfied.

business_meeting

Demonstrate Your Loyalty

Due to Technology Advice survey, 20% of employees are eager to change their current place of work, that’s why in the fast-changing and competitive business world companies appreciate employee’s loyalty and ability to stay deeply committed to the business. Thus, one of the reasons to get a raise is your dedication and great desire to remain a part of the team - speak from the position of a person who shares companies’ values and contributes to the mutual success. 

The conversation may not end in your favor but you will definitely be memorized and gain extra points to your professional reputation that is also a very important asset.

Be Ready to Say Goodbye

You need to be prepared for the fact that you won’t be asked to stay. The employer may calmly agree to let you go. Therefore, a job offer from another company must be real. There were cases when during the annual pay review employees referred to a fake job offer to increase their salary. Don’t do that. After all, working relationships are the same union as friendship, marriage or other partnership that doesn’t tolerate lies. Communication should be as open as possible. Don’t be afraid to voice your expectations and point out the moments that need to be improved.

financial_security

Economic crises and financial issues make getting a raise at work a very complicated process. According to Washington Post, companies are cutting down pay raise to 3% in 2018, especially if you’re showing mediocre results. The reality forces us to constant professional improvement in order to compete on the labor market and be able to achieve our career goals. On the other hand, true professionals are always in-demand and headhunted by dozens of recruiters; they can expect for better working conditions and higher salaries which makes winning the career race even more tempting.

If you got lucky and received a job offer it’s a very good sign, meaning you still remain valuable on the market and can benefit from it. It is up to you to decide whether you stay at your current place of work or leave for another company, just make sure that:

  • you will grow as a professional
  • you will be rewarded for your results
  • the management of the company encourages clear and open communication and your professional opinion will be taken into an account
  • your job makes you happy and inspires others
Random posts
7 Ways to Relax During the Job Interview

The process of looking for the best workplace is very nerve-wracking, time-consuming and stressful. Candidates are constantly stressed out and under much pressure. When you’re an employee-to-be, everything seems so complex. You have to think of the top companies in the field, clarify your goals, write a great resume, and send it in the right time, create a catchy cover letter and polish your LinkedIn profile. This list can go on forever. You have too much on your plate. Thus wise, it’s vital to be all prepared and understand how to stop being nervous when a recruiter arranges a meeting and you’ll have to get to the office and pass the interview stage in order to get the desired job. In this article, you’ll learn secrets on how to calm nerves revealed by express employment professionals.

5 Things to Do if You’re Failing at Your New Job

While struggling at new job in the first days or weeks isn’t unusual, feeling like you are underperforming when you really want to make an impression can be scary and frustrating. So, what should you do if you are not doing well in your new role despite working extra hard? Here are five tips to help you pick yourself up when you feel like you are failing in your work.

6 Effective Salary Negotiation Tips for Fresh Grads

Salary negotiation is a serious topic to discuss with your potential boss. It is especially challenging and daunting for a fresh graduate who has just entered the workforce and has never done this before. College grads seem to be very anxious and shy about it. In this article, we will show you statistics that will make you less stressed about it and will give priceless salary negotiations tips that will lead to success and satisfaction on both sides.

Bored of Coffee Serving? Turn Your Internship into a Full-Time Job

Internship is not just about giving you college credit; it’s also great for gaining a real-world experience. For students, it’s ideal to turn an internship into a full-time job as it eliminates job hunting process after college graduation. For other people with lack of work experience, it’s a great opportunity to get an extensive knowledge and add one more line into their resume. If you have the chance to turn internship to full time offer, you should definitely go for it. Follow these tips, put your best foot forward, and you may just land yourself the full-time gig. Let’s get it started!

40+ Best Online Courses to Take to Boost Your Career Prospects

How can you equip yourself with the right knowledge and skill set for today’s jobs? Through online learning. Thanks to technology, you can conveniently take any of the in-demand online courses to develop new skills that make you more marketable in today’s workplace. In this article, we will focus on the websites that offer these courses as well as the best courses to take to get a job.

Should You Ever Accept a Promotion without a Raise?

Accept or not accept - that is the question. Everybody who has ever faced up with salary negotiation at work found it very awkward. In fact, according to a survey conducted by Ally Bank, 70% of Americans think that it's rude to talk about money. People were more likely to disclose their income (39%) over savings (30%) or debt (29%) to family and friends. Don’t you find it unwise? If you do, you probably have a question “What should be done in a situation, when you’re promoted but hesitated whether ask a boss for a pay raise or not?”

Where Is the Raise You Promised Me Last Summer?

Let’s be honest. The incidents when our manager promises us a pay raise or a promotion and never keeps this promise are not isolated. It can happen. Whether your manager just says it to retain an employee or simply forgets about a promise, it’s still very disappointing. We understand your feeling of being undervalued. Don’t get desperate though. Here are some tips on how to get a raise, a promotion or even how to ask for a bonus that was promised for holidays.

20 Most Unusual Job Interview Questions and How to Answer Them

Job interviewing process is quite stressful. Dozens of typical questions, on which your future career depends. But it can turn into a real catastrophe when the recruiter starts asking you quiet weird interview questions. An unprepared applicant may stuck disoriented and lost. But after reading this article you will know why you’re asked odd interview questions and what kind of answers you’re expected to give.

Winning Motivation Letter: Things You Should Know

If you decide to apply for some job, academic program or you want to go volunteering, you will be required to write a motivation letter. It is a key document for your application. It can make a big difference and the final decision, in fact, depends exactly on your letter of motivation. This document is the most personalized and it is an opportunity to make a presentation about you as a person and as a candidate

How to Make a Flexible Working Request without Losing Your Job

Employers nowadays tend to improve their workers’ work-life balance and overall working conditions. That is why requests for flexible work schedule are becoming more popular. The number of companies with flexible work arrangements is growing, according to The Personnel Today. But what should you do if there is no flexibility in the workplace at your company? Don’t be afraid. We will tell you how to ask for flexible working hours without any risk to lose your job.