Nicole Lapin: How to Negotiate Your Salary and Get a Raise

To negotiate everything, from your cable and medical bills to your credit card APR. Your salary is no different. Here’s the thing about getting a raise: you have to ask for it!

Know your worth and don’t forget these 5 tips:

The most surefire way to get your employer to pay you more is to find someone else who will pay you more. Even if you don’t want to jump ship, look elsewhere to put a fire in your current captain’s belly.

Set yourself up for success by finding a good time to approach your boss. The day after the company releases a dismal earnings report? Probably not the best time either. After you've received a stellar performance review or praise from a client? GREAT time to make your move. Let your boss know that you want to speak with her "today at her convenience," which accommodates her busy schedule while putting a solid deadline on the conversation.

Come prepared with specific examples of your stellar performance and positive feedback that you have received from colleagues and clients. You don't need an entire laundry list of the awesome things you've done at work, but a few key examples that demonstrate the qualities of a superb employee including professionalism, work ethic, creativity, and cooperation.

It’s important to respect your relationship with your boss and coworkers. Think of yourself not as a single moving part, but as a valuable asset to the company at large. Demonstrate how your performance has positively impacted the company's performance. Finally, let your boss know that you respect her opinion by concluding with: "What do you think?"

Sure, a salary bump is the most typical method of raise, but there are lots of other ways to reward your performance, and some might be even more valuable to your current financial and personal situation.
Perhaps it's a more robust healthcare package, better stock options. Have a long commute or kids at home? Negotiate for one day per week of working from home. These things might not be monetary but they could even be more valuable to you as an overall part of your compensation package. 

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