Episode 1: How to Negotiate a Raise

Being paid fairly for your work is always a hot topic issue. In fact, if you’ve been at your company for quite a while, you should consider asking for a raise.

And it’s not just an intellectual exercise.

Not getting a raise can cost you hundreds of thousands of dollars over the course of your career and you might be missing out on valuable buffers against inflation.

But it’s not about asking for a raise – it’s about learning how to negotiate that raise. It’s a difficult conversation especially if you are squeamish talking about money or touting your own accomplishments.

In today’s episode, Lucie and Chris walk through the Do’s and Don’ts of difficult conversations around negotiating a raise.

They cover:
The importance of research
Focusing on value and growth of the company
Creating a collaborative environment


And teach you how NOT to do it, including:
Don’t lie/bluff/threaten
Don’t talk about fairness

Then they demonstrate how to do the conversation in two different scenarios.

Let us know what you think – what could Chris have done differently to negotiate his raise?

Resources

Instagram account that Chris referenced around salary transparency –   / salarytransparentstreet  


Info about Mastering Difficult Conversations Course - https://leadershippotential.teachable...


Contact Us

Instagram
Email – [email protected]
Chris – www.linkedin.com/in/chriswonglmhc
Lucie – www.linkedin.com/in/lucietesarova

TIMESTAMPS:
0:00 - Intro
0:52 - Welcome back
2:49 - DO's when negotiating a raise
19:08 - DON'Ts when negotiating a raise
26:50 - Role Play 1 - Negotiating a Raise with a helpful boss
31:50 - Debrief of Role Play 1
34:17 - Role Play 2 - Negotiating a raise with a boss pushing back
40:09 - Debrief of Role Play 2