Salary Series Part 3: How to negotiate salary raises

Negotiation is not an act of battle; it’s a process of discovery.Chris Voss Key takeaways Early preparation is key to success Document everything Do your research and develop your business case Be collaborative, especially when handling objections Keep a positive attitude, showing commitment to the company Introduction Welcome to the third post in my Salary Series! In my previous post, I wrote about how companies determine employee salaries. In this post, we'll leverage all the knowledge we learnt and my…

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Salary Series Part 2: Unpacking company salaries and bonuses

"The property which every man has in his own labour, as it is the original foundation of all other property, so it is the most sacred and inviolable" Wealth of Nations, Adam Smith Key takeaways Companies categorise roles into job functions and grade levels, which results in salary bands Salaries (and bands) are reviewed annually as part of the annual budgeting and performance review process Salary bands are revised based on benchmark data, financial performance and macroeconomic forecasts Budgets cascade…

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