Go in for a Performance Review, Come Out with More Money in Your Proverbial Pocket
Which is more daunting: negotiating a higher starting salary at a new job, or approaching your current employer about a pay raise?
If you think the latter, you’re not alone. Results from the Salary.com survey we referenced last week indicate people fear the pink slip more than a rescinded employment offer. A staggering 44% of people never ask for a raise during their performance review, as compared to 12% who always bring it up.
One of the main reasons why people hesitate to ask for a pay bump from their current employer is because they believe that they lack the skills to negotiate properly and effectively. So without further ado, if you’re looking to stay at your present place of employment but with more money in your proverbial pocket: Read More »
According to data from professional networking site LinkedIn, January is the best month to get a promotion or a raise (unsurprising, considering it’s also the best time to job hunt), followed closely by June and July.
Alarmingly however, the majority of workers leave money on the table. Of the 2,000 respondents to a survey conducted by salary research site Salary.com, 18% reported that they never negotiate their first salaries and 44% only occasionally so due to fearing repercussions or lacking the necessary negotiation skills. Failing to negotiate is costly; studies have shown that those who fail to negotiate at least a $5,000 increase in their first salary lose out on approximately $600,000+ over the course of a 40-year career.
So whether you’re looking to discuss your compensation package with a prospective employer or your current one, follow the following negotiation tips to start – and conquer – the salary conversation!
Q. How can I overcome my hesitation about negotiating my desired salary with a prospective employer? Read More »
Q. I’ve held three full-time positions in the last three years. How can I explain this experience on my résumé without coming across as a job-hopper? A. Job-hopping — holding a succession of jobs in a relatively short time frame — isn’t that unusual, given the employment challenges brought on by the Great Recession. And the practice is becoming the norm in the tech industry, where software professionals often change jobs every two to three years. Still, a history of job changes can cause a potential employer to question your loyalty and staying power.
To avoid being perceived as a job-hopper, you need to present your job history in a new way. Your initial step, according to various career experts, is to craft your résumé to direct attention to your career story rather than your job history.
Next Tuesday’s the day for all things frightful, but your job search shouldn’t be one of them! Check out the following infographic from job board software-as-a-service (SaaS) company Careerleaf.com and transform yourself into a better IT job seeker this Halloween: Read More »