Many people know how to negotiate a salary in the workplace but how do you justify your request for a promotion? There are many strategies that can help you get what you want. In this video, I’ll go over how to make a business case for your boss and how to ask for more money when it’s deserved.
Understand Your Organization’s Values and Culture
To understand how to justify a promotion in your company, you must first research the organization’s values and culture. Your boss may have an idea of how they want their employees to progress within the workplace or this may not be part of their role at all.
The best way to find out how much money should be given for a promotion is by doing some digging on what similar positions make within your organization which will give you an idea of how high up you can reasonably go.
Once you’ve determined that it’s reasonable for someone with your salary history and experience level to move forward, then it’s time to start making a case! This means highlighting why exactly YOU are worthy of more pay even if there isn’t for so many other people who
Prepare Your Business Case
Next is to prepare your business case. This means not only listing out all the reasons why you should be promoted but also how this would benefit the company as a whole.
In order for this argument to work, it must show how YOU being more senior will ultimately help your company perform better in terms of profits or productivity levels and that when employees are happy, they work harder.
With all these benefits listed clearly on paper (as well as any other positive attributes like appreciation), now comes time to talk about yourself! Your boss doesn’t want excuses; he/she wants proven track record of success so make sure you highlight past projects where you’ve shown an ability accomplish goals under pressure.
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Focus on Impactful Data
Another important factor to keep in mind is how much data you use. While it’s great that YOU have accomplished so many things, this isn’t going to do any good for your case if the people reading or listening can’t see how what you’re saying actually helps them as well.
The reason they are promoting someone up within an organization is because their team will perform better and increase productivity levels which means a more successful company overall! Since every decision must be made with how it benefits the bottom line of the business, make sure there’s enough evidence provided on how exactly increasing your salary would bring higher profits/sales numbers etc…
Prepare Testimonials if Necessary
For many people, having someone who can vouch for how well you’ll do as a higher ranking member of the company is exactly what’s needed to get that extra money! Having these testimonials ready ahead of time will definitely help keep things running smoothly on interview day or during salary negotiations.
Your boss may feel more secure with how you’re doing if they have other people to turn to for advice on how much money should be given.
It’s important that your business case is professional and does not come off as desperate or needy in any way! If you can convey how this raise would benefit the company AND the employees who work there, then chances are good you’ll soon find yourself earning that extra cash from promotion which will make all of your hard work worthwhile!
Outline How Your Role Will Change
Finally, how is your role going to change? This shows how serious you are about wanting this promotion and how committed you are to growing within the company. If they need someone for a more senior position than what you’re currently occupying, then make sure it’s clear that this is something YOU want as well!
Some benefits of making these changes might include being able to set up better systems or ways of working in order to help streamline how their team functions but ultimately every organization has different needs so be prepared with how yours can benefit from changing positions according to those unique requirements. You don’t necessarily have completely sell yourself here (although doing so would certainly help!) because there should also be enough evidence provided on why anyone else who is higher ranking within your company should believe how great of a fit you are for the position.
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