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Sunday, October 16, 2016

7 Great Opportunities to Negotiate a Raise with Your Employer

Prototype red roof house on top of a wad of dollar bills and calculator.
Whether in business or social life, it is inevitable that everyone has to negotiate. However, to negotiate successfully, timing is very crucial to the outcome. What ordinarily you may have been able to get easily, if your timing is poor, you could lose it. In any employment, keen observation and a quick decision on when to act, most times makes the difference between success and failure. For this reason, one person may succeed to get something out of a boss while some other person may fail woefully in similar attempt. The key is timing. It is of utmost importance to know when to take the opportunity to negotiate with your employer either for a raise or for some other concessions. The following opportunities come in very handy if you want to successfully negotiate a raise with your employer.



01. When your employer is in a very good mood. All humans have mood changes from time to time. Some persons experience these changes more frequently than others depending on individual differences. If you are able to time your employer very well, you can always seize the opportunity to initiate the matter of a raise with her when she is in a very good mood. At such times, your chances of success could be very good.

02. When you have just completed a major project successfully. As an employee, any time you are able to deliver to expectations on your job, it makes your employer happy. Such times usually present a very good opportunity to negotiate a raise.

03. When company reports indicate that the company’s earnings are up. Most employers are always in upbeat moods when their company’s earnings are up. Such periods are usually good opportunities for smart employees to negotiate a raise.

04. When you have just acquired a new training or skill useful to the company. With a new skill or training in your kitty, your value to your company usually increases. That is a very good opportunity to negotiate a raise. A good employer will at such times accede to a raise if she wants to retain you. If not, she knows she could lose your services to rival employers. 

05. When you have just brought in a very good and profitable business for the company. Only very valuable employees bring good businesses to their companies. If you are able to do that, it will make your employer happy. Negotiating a raise with her at that moment could earn you a very sympathetic and favorable hearing.

06. When your employer’s confidence in you is at the highest. Many employers do have plenty of confidence in employees who always deliver on promise. Any time you are able to deliver successfully on some valuable projects that earn you the commendation of your employer, such times are okay to negotiate a raise.

07. When you have just made a significant amount of money for your company. The bottom-line in any business is to make money. Employees who are good at helping their companies to make money are very valuable employees. If you are able to make a significant amount of money for your company and your employer acknowledges it, the time is conducive to negotiate a raise.



Many employers know that no employee wants to earn a fixed salary in perpetuity. Employees who are capable of making themselves extremely valuable to their employment and are able to time their moves very well usually get raises from their employers if they ask. With keen observation and action taken when the time is ripe and proper, more often than not, you can always succeed to negotiate a raise with your employer. That is what many smart employees know which enables them to get a raise from their employers anytime they ask for it.

10 Common Obstacles to Avoid When Negotiating

Three persons working on laptops on a conference table.
In negotiating, it is absolutely important to remember at all times that you are dealing with other persons who are in every material detail different from you. Their values, motives and expectations are also different. To make headway with such persons therefore, you must be absolutely certain to avoid all obstacles that can obstruct you from coming across clearly to them when you want to make a deal with them. Anything that directly or indirectly impacts on this ability should be avoided at all costs. Some of these obstacles are:


01. Poor communication. Whether written or spoken, poor communication is a major obstacle to negotiations and deal-making. If you are incapable of communicating clearly to your negotiating partners what you want from them or need them to do, your chances of making a deal are severely limited. Same situation plays out when they too are unable to communicate to you what they want from you. Conflicting communication is a deal-killer any day. 


02. Non-congruent personalities. When you do not “flow” with a particular person, it is difficult to negotiate with or to make deals with such a person. This is one obstacle that must be avoided.
 
03. Different perceptions of same issue. There is not likely to be a meeting point in negotiating with persons whose views on same issues are not in tandem with yours. When perceptions are different, it is difficult if not impossible to know what concessions to give that will meet the other person’s expectations. Striking a mutually beneficial deal in such circumstance is near impossible.

04. Non-congruent goals. When negotiating partners are not working towards same goals, striking a deal is not very likely. This is another obstacle that should never be overlooked in negotiations. When goals are non-congruent, both parties hardly know when they meet the expectations of each other.

05. Contradictory expectations. This prevents mutually beneficial deals from being struck. If you do not know what the other side wants, it is impossible to provide them what they need.
 
06. Inconsistent values and beliefs. When your values are not consistent with those of your negotiating partners, anything you do may be offensive to them. That can create a major conflict capable of jeopardizing the deal being negotiated. Depending on the cultural differences between the negotiating partners, their use of language and mannerisms may be offensive to others. These can create a major obstacle to negotiations.

07. Subtle coercion. No one no matter their stations in life likes to be forced to do something they do not like or are unwilling to do. If any party in the negotiations senses that they are being coerced to make a deal, no matter how subtle the coercion is, it could create suspicion and resistance. That scenario can create a major obstacle to the deal.



08. Poor timing. As the saying goes, “there is time for everything.” When you do not get the timing right, you could create an obstacle to the negotiations.

09. Third parties outside the immediate negotiating environment. Too many negotiators usually spoil the deal. When there are third parties involved in the negotiations who are not immediately visible, that creates an obstacle to successful negotiations.

10. Unsuitable negotiating environment. Naturally, any environment you are directly impacts on who you can meet with and what you can discuss. An unsuitable negotiating environment is an obstacle to successful negotiations.

Unresolved conflicts during negotiations primarily prevent deals from being struck. The obstacles that cause conflicts when identified in good time can be avoided. Avoiding obstacles paves the way for smooth negotiations and successful deal-making. That is what smart entrepreneurs need in the day-to-day running of their businesses. They need to avoid these obstacles because without negotiations and deal-making, it is difficult for entrepreneurs to make money or even to run any business successfully.