#salaryincrease Archives - First Sun Consulting, LLC | Outplacement Services and Career Transition Firm

#CareerAdvice : #SalaryIncrease – 5 #Negotiation Mistakes you Didn’t Know You Were Making. A #MustRead for All!

June 25, 2019/in First Sun Blog/by First Sun Team

When I graduated from college and got my first job, my starting salary was $54,000. I was ecstatic. It was more money than I’d ever earned in my life, and as far I was concerned, I was balling. It didn’t once cross my mind to ask for more money or even a signing bonus. I was just happy that I got a job.

Well, as time went by and I got to know my coworkers, I realized that I was the lowest earner in the entire group. We were all hired for the same position, and we all had similar educational backgrounds. Some of them made thousands of dollars more than I did, while others had gotten signing bonuses. Why? Because unlike me, they didn’t accept the first offer they received. Instead, they asked for more. Not only did asking for more get them more money, it also positioned them to earn more when it came time for raises and bonuses since those are given as a percentage of the base salary. Throughout their careers, that’s likely hundreds of thousands of dollars more than I’d make.

Not negotiating my salary was one of the biggest mistakes that I made when I entered the workforce. But as I made progress in my career, I realized that it was equally important to be aware of financial pitfalls when it comes to negotiation. According to my friend Dorianne St. Fleur—a HR expert, career coach, and the founder of yourcareergirl.com—the following are five common negotiation mistakes that a lot of people often make (and don’t realize):

MISTAKE #1: NOT HAVING A COMPENSATION STRATEGY

A compensation strategy is a plan that spells out your long-term salary expectations. You should base this on your skill level and experience, industry standards for people in similar positions, and unique value. You calculate your worth, add tax, and create a plan to get you to that dollar amount.

Ideally, you should have a compensation strategy before you start your first job, but this is something most people don’t know they should do. A lot of us, especially those fresh out of college, don’t take the time to think strategically about how much we get paid. This can end up being a costly mistake. If you don’t already have a compensation strategy, start now. Take out a pen and paper and think about where you are currently, where you actually should be, and where you want to be in the future. Once you’ve done the math, create a plan to get there. That might involve asking for a raise, looking for a new job, or starting a side hustle.

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MISTAKE #2: ASSUMING YOU’LL BE PAID FOR YOUR CONTRIBUTIONS

It sounds so simple, right? Do an excellent job at work and you’ll eventually get paid for it. However, this isn’t always the case. Yes, there are times when doing your job well can mean a few extra coins, but nine times out of ten, managers aren’t sitting around waiting to hand over wads of cash every time you accomplish a new goal. If you want your boss to give you money, you need to be an active participant in your salary progression. That means making sure your boss (and anyone else involved in money decisions) is well aware of what you do at work and how that benefits the company. Whether you have to beef up your annual self-evaluation or schedule a stand-alone meeting to talk about your achievements, you need to make sure you create a platform to show your boss all you’ve accomplished throughout the year.

MISTAKE #3: BEING UNCOMFORTABLE TALKING ABOUT MONEY

Many people have pushed the subject of money to a space that is “off limits.” They don’t discuss things like current salary, future financial goals, and earning potential with even their closest friends. With this kind of mindset, it’s no surprise that the prospect of asking for a raise can cause a lot of anxiety. Although it can be tough, it’s time to move past the uneasiness that comes with talking about money—especially if you want to earn more. The saying “A closed mouth won’t get fed” couldn’t be more accurate in this situation. The most important conversations are usually the most uncomfortable ones, so it’s definitely in your best interest to push past your fear (and do it anyway).

MISTAKE #4: MAKING EMOTIONAL DECISIONS

Emotions like anxiety, anger, nervousness, and fear can sabotage your efforts to get the raise you want. Being so nervous that you accept the first lowball offer, or being so angry that you yell at your boss will ruin any chance of a positive outcome. Your goal should be to remain calm and collected throughout the entire process, leaving the way you feel out of the equation. When it comes to making decisions on salary, you need to focus on your research and the facts.

MISTAKE #5: BEING AFRAID TO WALK AWAY

It is important to note that ultimately, the final decision on whether you do get that raise is out of your control. Instead of getting hung up on this fact, have a contingency plan and exit strategy in case things don’t work the way you would have liked. You know what’s worse than realizing you’re being underpaid? Realizing you’re being underpaid, asking for what you deserve, and then staying put if nothing changes. This fear of change is what holds many people back in forging a new career path for themselves. Don’t do that to yourself.

This article is adapted from Clever Girl Finance: Ditch Debt, Save Money, And Build Real Wealth by Bola Sokunbi. It is reprinted with permission from John Wiley & Sons, Inc.

FastCompany.com | June 25, 2019 | BY BOLA SOKUNBI 4 MINUTE READ

#CareerAdvice : #WomenPayGap -The Best Advice for Women Seeking a Better #Salary …Great Two(2) Min REad!

March 4, 2019/in First Sun Blog/by First Sun Team

Are you receiving compensation that fully reflects your skills, education, experience and ability? If your earnings and your worth aren’t matching up, there are avenues for addressing the situation without damaging your career.

Here’s how to ensure you get the raise you deserve.

Crunching the Numbers

Although the Equal Pay Act was passed more than a half-century ago, women are still struggling to earn as much as men in the workplace. According to Glassdoor research, a U.S. woman is paid an average of 75.9 cents for every dollar a man receives. On top of potentially starting at a lower pay rate, taking time off to start a family, for a career sabbatical, to tend to an aging loved one or for other concerns is a more substantial setback to women than men, with the hiccup resulting in reduced wages for women and a lengthier career gap.

Moving Up or Moving On?

Sometimes, improving your situation hinges on changing employers. Whether you maxed out your growth in the current company, stumble onto a better opportunity or are simply ready for a change of scenery, moving on is sometimes the best course of action. In that case, you should review your career-oriented paperwork, especially your cover letter. Give it a refresher, bearing in mind it’s the ideal avenue for drawing attention to your accomplishments and abilities. You can use a cover letter template to create a stellar document. Think of it as a chance to tell potential employers all the things you wish they knew so you can land your dream job.

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Positive Image, Positive Impact

If your intention is to remain with your current employer, seek opportunities to impress people of influence. For instance, you can go out of your way to master more bells and whistles of the software your company uses. Another idea is to learn to use a free, online logo-making tool and use it to design a top-notch logo. As Entrepreneur explains, oftentimes companies spend big bucks on a well-designed logo, but by designing it yourself, you can help your company be a standout and boost your career at the same time. Along those same lines, look for ways to up the company’s social media engagement. Raising company image is key to staying strong, and your superiors are sure to be impressed. It’s a great way to put yourself and your employer in the limelight.

Enhance Your Education

When it comes to catching the eye of the powers that be, going above and beyond your employer’s expectations can make a big impact. With that in mind, adding to your education is sometimes just the shot in the arm your career needs. You might elect to take distance learning classes if you never completed your degree, or are ready to add a new level to your education. Another idea is to add a fresh certification to show you’re serious about climbing the ladder, or learn a more advanced skill that benefits your company directly.

Power of Persuasion

Perhaps you reached the conclusion that you’re underpaid in your work and are considering discussing the situation with the appropriate party. Whether you’re in the interview process or revisiting terms with your current employer, Forbespoints out that negotiating can be a challenge for women. Preparing can bolster your confidence as well as provide you with more bargaining power. Review your skillset, education and abilities, and be ready to talk not only about what you’re doing and your current pay rate, but also other responsibilities you are ready to embrace. Maybe there are duties someone less qualified could take over so you can reach your full potential to do more advanced work. Think outside the box, and be ready to point out where you are underutilized as well as underpaid or underrated.

Knowing your income doesn’t reflect your value is a tough challenge, but with a handful of smart strategies, you can get the raise you deserve. Evaluate whether it’s time for a change, and if so, make it happen. Draw attention to your assets in a sharp manner and the right doors will open.

GlassDoor.com | March 4, 2019 | Posted by Gloria Martinez

#CareerAdvice : #SalaryNegoiations – Four Things you Absolutely Must Do in your #SalaryNegotiation …Keep These Tips on Hand the Next Time you’re #Interviewing for a #NewJob or Angling for a #Raise .

September 24, 2018/in First Sun Blog/by First Sun Team

Countless job seekers and employees still struggle with negotiating salaries and advocating for themselves. But let’s say you’ve worked yourself up to asking for a higher salary. You could still be missing out on perks that can further enhance your compensation package–and they may not be that far out of reach.

“The whole salary negotiation process is a conversation,” says Jacqueline Twillie, a negotiation expert and founder of leadership development firm ZeroGap. “It’s not a battle.” With that in mind, here are some negotiation tricks to keep in mind the next time you’re interviewing for a new job or angling for a raise.

NEVER ACCEPT A VERBAL OFFER

“Don’t just flat out accept it, even if it sounds great and you’re really excited,” Twillie says. She recommends that job seekers always hold off on saying yes to a verbal offer, even in cases where they feel sure about the job. “I would always ask for an opportunity to review everything in writing–but express enthusiasm so that they know that you’re interested,” she says. The money might sound good at first blush, but when you look at benefits like healthcare, you may find the coverage is less than you anticipated; if so, you may want to negotiate a better salary.

“It’s much harder to come back and negotiate after you’ve already accepted,” Twillie says. “And it puts you in a stronger position when you haven’t accepted yet.”

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DO YOUR RESEARCH ON PAY PARITY

In states like California, pay parity laws that have gone into effect over the past few years could help women negotiate salary increases, according to Tracy Saunders, a former recruiter who started the Women’s Job Search Network. The Equal Pay Act in California states that employees who do “substantially similar work” must be paid equally, even if their job titles are not identical. “Companies are actually adjusting women’s salaries outright,” Saunders says. “Understanding those laws is one way to receive a more substantial kind of increase.”

The same is true of another law that seeks to address the gender pay gap, which prohibits employers from asking about a prospective employee’s salary history in states like Massachusetts and California. In the event that a recruiter does ask for your current salary, try to shift the conversation to your salary expectations; Saunders and Twillie also recommend talking about salary expectations early in the interview process. “It’s really important that in the first phone screen, when they bring up the money, you talk about the market rate and not your current salary–especially if your first salary is less than the market [fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”][rate],” Twillie says.

FIGURE OUT WHAT YOU NEED TO BE SUCCESSFUL–AND ASK FOR IT

As you go through an interview process or negotiation, it’s important to get as much information as you can about the role you’re up for. “Try to ask questions that give you a deeper understanding of the work you’ll be doing beyond the job description,” Twillie says. “If you can understand what you’ll be doing upfront, you’ll be able to negotiate for different things.”

That could include a travel allowance or a certification–or it could be as simple as the right equipment. “People think they’ll be provided with the tools,” Twillie says, “but if you don’t ask for those things, you’re not going to get them.” Asking for what you need during the negotiation process, she argues, can prove more effective.

One of the best ways to figure out what a new role may entail is talking to employees. According to Twillie, some companies have started allowing people they’re interviewing to shadow employees, which she suggests job seekers try to do. “If you spend more than 10 minutes with a person, they’re going to drop their guard and be more open,” she says. “So if you can spend that half day on site, it really gives you an opportunity to learn about the culture and to talk to employees.”

GET CREATIVE WITH BENEFITS

As companies race to snag the best employees, many have rounded out their compensation packages with more attractive benefits and perks–say, a flexible vacation policy or the ability to work remotely. Some employers are even offering to assist with student loan repayments. Twillie notes that there are countless ways to negotiate benefits, and that would-be employees can even repurpose a perk that they don’t need: One person she coached asked to put a superfluous relocation package toward repaying her student loans. “If they’re giving you a bucket of money,” she says, “see if you can use it in a different area.”

For parents, another option is to request a bump in pay over the summer, to account for the cost of childcare; and for employees who yearn to be parents, employers might help subsidize fertility treatments or adoption assistance. (“These are really high-ticket, high-price benefits,” Saunders adds.) Both Twillie and Saunders urge job seekers to think outside of the box and ask for benefits that aren’t necessarily included in the “standard” compensation package. “When you’re starting to think about negotiating, it just depends on what your goals are,” Saunders says. “There are some new benefits coming into play that are intangibly valuable–or priceless.”

FastCompany.com | September 24, 2018

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#CareerAdvice : #SalaryGap – 5 Ways to Know If You’re Making Less Than Your #Coworkers …It can be Quite Tricky to Figure Out How your #Salary Stacks Up, But Lucky for You, there are Many Options these Days for Gathering Financial Intel.

September 10, 2018/in First Sun Blog/by First Sun Team

Knowing where you stand in terms of compensation compared to your coworkers can help you understand your value to the company, whether or not it’s time to ask for a raise, and if you should potentially be looking for a new gig.

It can be quite tricky to figure out how your salary stacks up, but lucky for you, there are many options these days for gathering financial intel. Below, find for our top five methods for making sure you’re in the know about where you fall on the pay scale.

1. Know Your Worth™
Get your free, personalized salary estimate with Glassdoor’s latest tool. When you enter in your current job title, employer, current salary, location and years of relevant work experience, you will see the median estimated market value, or the base pay you could command in today’s job market.

That’s right. It’s a real-time tool to see what colleagues with your same qualifications can earn, and the number changes as the job market fluctuates. This allows you to see if you’re underpaid or overpaid, and allows you to determine if you want to ask for a raise. It also allows you to think through the other portions of your compensation package, like how much you value benefits, equity or stock options and the perks of the job.

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2. Job Listings
Many job listings, including ones on Glassdoor, list the salary or salary range for the position they’re advertising. This practice is most common with government jobs, but is also seen in other industries frequently — especially if you’re accessing job postings through a recruiting service.

If you’re able to find a few listings for positions that are similar to yours, take the average and see where your compensation falls. You can also use job listings as a tool to evaluate if people with similar titles have the same duties that you do. If you’ve got way more on your plate than what job descriptions for positions like yours indicate, you’re probably being under compensated.

3. Your Coworkers
While many experts caution against getting too specific with your coworkers about your salaries, speaking in generalities can help you figure out a broader idea of where you stand. Barry Maher, career consultant, speaker and author, notes, “both within the industry and with fellow workers, you have to show them yours before you ask to see theirs. I always advise using the idea of a pay range rather than specific numbers.”

He suggests that a way to broach the subject could be to say something like “I’ll be talking with my boss about compensation at some point soon, and I’m just trying to get a rough idea of what I should be looking for. I know the company doesn’t want us to compare salaries and I can see how that benefits them, but I can’t see how it benefits us. To give you an idea of I’m getting right now, it’s roughly (whatever you feel like sharing). Is that the kind of range you’re in as well?” It’s important to note that you may or may not get an answer, and if you do, it might not be 100% true.

“But if you’re at all perceptive,” says Maher. “And you carefully watch their reaction, you can often tell from that reaction if they think your number is low or if they’re a bit jealous because it seems high or if it’s just about what they’d expect because they’re in the same range.”

4. Glassdoor Salary Reports/Reviews
Glassdoor has a vast database of self-reported salaries available for browsing—for free! If you aren’t into the idea of asking your coworkers about their compensation in a general way, give our crowdsourced intel a try. Not only can you research pay rates at your current company, but you can also check out your competitors’ stats.

Who knows, maybe your company’s rival is more generous with compensation, making a jump over there a no-brainer. Another handy tool Glassdoor offers is a salary estimator. All you have to do to access this is go to Glassdoor.com and click on salaries. Then in the open field for job, just type in your occupation (i.e. nurse or software engineer), and make sure that the city/location field is blank. Once you hit “submit,” you’ll get to see the national average for the job you entered, plus what Glassdoor users say they make. Pretty nifty, huh?

5. Your Network
Personal and professional coach Rachel B. Garrett emphasizes the importance of using your professional contacts to get the full picture on your industry. “Mine your professional network for former colleagues and others who may be hiring managers for positions like yours.” she suggests.

“Try to set up informational interviews with these folks and ask about salary range as part of your conversation. I would aim to set up these conversations with a wider context in mind, beyond the topic salary. You never know — you could get a new job out of one of these conversations so you may not need to revisit your less than exciting salary du jour! “

GlassDoor.com | September 5, 2018 | Posted by Julia Malacoff

#CareerAdvice : #SalaryNegoiations – A Step-by-Step Guide to #NegotiatingYourSalary …Negotiating your #Salary Doesn’t Have to Be Scary.

August 9, 2018/in First Sun Blog/by First Sun Team

Whether you’ve just been offered a job or you’re gunning for a raise, negotiating your salary can be tricky. Perhaps you hesitate because you don’t want to seem ungrateful—you’re happy to have a job in the first place. Or maybe you’re scared countering a salary offer will lead to the offer being retracted. Or, quite possibly, you just hate negotiating altogether. Whatever your reason, we’ve all been there.

Bottom line, nothing should hold you back from negotiating for the salary you deserve. Instead of backing down at the next negotiation opportunity, follow these steps to navigate the dreaded salary discussion.

HOW TO NEGOTIATE SALARY AFTER A JOB OFFER

Step One: Do Your Research On Salary Standards

First, let’s take a step back. Chances are, during your interview process, someone will ask you about your salary expectations. This moment can be super daunting! Don’t panic. Come prepared.

Before your first phone interview, do some research. Scour the web for company review websites (think Glassdoor.com) and look at comparable titles within the company. Then, look at the cross-market salaries of people similarly situated in the industry. Use salary research tools like The Salary Project™ to look at salary data across industries, job titles, and years of experience.

Keep in mind that location is often a major factor in salary. Big city roles can usually command higher salaries because the applicant pool and cost of living are generally much higher. Also note how unique the role is—is this a common position where many people do the same work? If so, there’s probably less salary wiggle room than, say, a specialized position.

Next, evaluate how far you moved the needle at your current job. Make a bulleted list of the things you’ve accomplished and compare those to your original job description. Have you exceeded expectations? If your results are tied to actual company revenue, have those hard numbers handy as well. This is where you’ll humbly explain how talented you are and how your track record proves it.

Not that experienced yet? Be sure you’re fairly assessing the work you’ve actually done instead of what you think you’re capable of doing someday. We know how tough a low salary can be, but keep in mind, you have the rest of your working life to hit your salary goal! Right now focus on hard work and learning.

Be sure you’re fairly assessing the work you’ve actually done instead of what you think you’re capable of doing someday.

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Step Two: State Your Salary Number

“Where do you want to be salary-wise?” the interviewer says so casually, you’d think she was asking if you’d like cream with your coffee.

Stay cool. This is where men and women tend to differ. Men often give a distinct number based off of market research and self-evaluation. Women tend to give a wishy-washy version of what they’d settle for. If you’ve done your market research and you’ve taken the time to validate what you bring to the table, state your requirements in a concrete fashion, then explain why you feel this number is appropriate.

When the interviewer asks if this number is flexible, simply state you’d be able to reassess once you’ve seen the entire packaged offer. Keep in mind, your “package” could include anything from company equity, vacation days, and growth opportunities, to travel, bonuses, and even awesome office perks—free food anyone?

The younger you are in your career, the more I’d encourage you to consider career growth opportunities over money. Early on, choosing the place that is going to teach you the most will give you the opportunity to learn valuable skills, making you worth more in the future.

Step Three: Counter After the Job Offer

Once you’ve received an initial offer you have some serious negotiating power. They want you, and they’d rather get to a number you’re happy with than start the search all over.

Feel free to counter for more money if they’ve come in lower than your original salary requirement. If they have no flexibility in cash resources, appeal for more vacation days, a signing bonus, more equity, or even a greater annual bonus.

Stay within reason—keep your counter proportionate to the initial offer. Remember back to when the recruiter asked where you wanted to be salary-wise? Your counter offer should fall within the ballpark range of their offer, so no one wastes the other’s time. Chances are you’ll land somewhere in the middle.

According to Linda Babcock, author of Women Don’t Ask, only 7 percent of women negotiate their salary while a staggering 57 men of men do. Those who did ask saw a 7 percent increase in compensation. So ask for more, ladies!

Once you reach an agreement, be sure to thoroughly review your offer letter, sign, and return it within 24 hours. And that’s it! You’ve successfully navigated through negotiating your compensation. Stand proud and let the real work begin.

HOW TO NEGOTIATE A RAISE (BEFORE OR AFTER A PROMOTION)

Step One: Be Proactive and Transparent About the Money

Have an open and honest conversation with your manager, months before review time. Let her know your desire for greater compensation. Don’t wait until the day of your review—by then, it’s too late.

Fairly assess your contributions. What have you done to garner a higher wage? Don’t be fooled into thinking you should get a raise before you perform at the next level. Quite the contrary—you’ll need to prove ahead of time that you are capable of more responsibility, before anyone ups your paycheck.

Be reasonable when negotiating salary by suggesting a number, then backing it up. In addition to recapping your latest and greatest projects, be sure to present research on what others in the industry are making and why you feel your work stacks up.

Once you’ve unearthed what a reasonable raise would look like, ask your boss what she’d like to see performance-wise to help you reach that mark. Let her know you’re willing to work for it.

Your salary is never a reflection of your need for more money. Rent, loans, and other bills are not the concern of your manager. Don’t assume you deserve a raise simply because you have bills to pay. Steer clear of making it personal.

Have an open and honest conversation with your manager, months before review time. Don’t wait until the day of your review—by then, it’s too late.

Step Two: Work Hard First, Negotiate Salary Later

Check in regularly with your manager to see how you’re doing. Be proactive by offering suggestions as to how you can take your position to the next level. Keep track of your own progress. The easiest way to get promoted is to do excellent work at the level you wish to be promoted to.

Don’t shy away. Take on more assignments and regularly ask your manager if there’s more you can be doing. Aim to make her life easier; resurrect important tasks that have fallen off her radar, and be proactive about getting her information she needs ahead of time.

Step Three: Network at Work

Learning to network with employees who are a level or two above you is an excellent way to recruit the support of higher-ups. If you’re perceived as having a peer network of more senior employees, you’ll be that much closer to being perceived as an employee at that level. Instead of blatantly stating you have friends in high places, simply refer to projects you’ve worked on where the stakeholders were more senior.

Follow these three steps and you’re on your way to receiving the raise you deserve come review time. The only thing left to do is persevere. Big salaries and lofty titles are the makings of serious staying power.

CareerContessa.com | BY KATE WESTERVELT | August 9, 2018

#CareerAdvice : #ChangeManagement – How to Deal with These 4 Types of #ChangesAtWork …From Getting a #Promotion, #CompanyRestructure, #Layoffs, to Working with a New Boss.

August 6, 2018/in First Sun Blog/by First Sun Team

When it comes to your career (or life, really) very few things are certain. There is one thing you can count on for sure though. Throughout your professional life, you’ll continue to encounter change, big or small, positive and negative, voluntary and involuntary.

When you experience these changes–you have two choices. You can either actively resist it, or you can accept it and figure out what you can learn from, and how to, leverage the situation. In most cases, the latter is usually the smart option. As Jennifer Harvey Berger previously wrote for Fast Company, in a world that’s only going to become more complex, “shifting your mindset is the only way to not only cope but also make the journey more fun and successful.”

Here are five of the most common changes you can expect to see at work, and how to deal with it so you can continue to thrive in the workplace.

GETTING A PROMOTION

Congratulations! After over-delivering on project after project, and exceeding all your goals that you set with your manager when you started your job, your employer is finally rewarding you with a change in title and an increase in compensation. You’re exhilarated, but you’re also a little confused. What do you do now?

First off, start with figuring out what you will no longer take on, time coach Elizabeth Grace Saunders wrote in a previous Fast Company article. Assuming that your promotion comes with more responsibilities, you will probably need to learn how to master your new tasks, and you won’t be able to do that efficiently if you have to do that on top of your old job. This requires trusting other people, which can be difficult if you have controlling tendencies. But as Saunders pointed out, the higher you move up, the more you have to depend on others. So start to learn to let go of your micro-managing tendencies, and trust that you’re not the only one who knows how to do everything.

It might be counterintuitive to prioritize personal well-being like sleep and exercise. But as Saunders noted, when you are required to perform at a high level, you need to be stricter about making these things a priority. After all, they have a major impact on your productivity. That’s not something you can compromise when you’re required to perform at the next level, Saunders said.

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COMPANY RESTRUCTURING

Very few things make employees as anxious as a company reorganization. Regardless of whether or not you survive the re-org, you’re sure to face some big changes. The first step, whatever the outcome, is to acknowledge what you went through, Neil Lewis, co-founder of Working Transitions, told Gwen Moran in a 2017 Fast Company article. If you survived the re-org and felt “survivor guilt,” give yourself permission to feel them. Then slowly rebuild your confidence by assessing what kind of opportunities you can take on to grow, and whether there are any gaps in your skills that you can fill. Lewis also urged that you shouldn’t be afraid of reaching out to your colleagues who have left the organization. After all, they’re a crucial part of your professional network.

If the re-org results in a layoff, The Muse’s Jenni Maier recommends that as soon as you’ve had time to process the news, let your network know you’re looking. When Maier was laid off from her role, she desperately wanted to keep it quiet, but because she was unhappy with (and wanted to change) her situation, she decided to be open about the fact that she was back in the job market. She wrote, “The majority of the interviews I went on after being laid off came from friends-of-friend leads. Leads I never got before I lost my job because no one knew I wanted them. And the position I ended up getting at The Muse? That “in” came from a former manager’s friend.”

GETTING A NEW BOSS

Your happiness and success in your job has a lot to do with the relationship that you have with your boss. You might spend a long time building this relationship, but people move on, and one day, they might leave. You find yourself reporting to someone new, and you want to establish their trust and respect, quickly.

How do you do it in a way that doesn’t come off as bragging? As Gwen Moran previously wrote in Fast Company, the first step you should take is to build in some “networking” time with your boss–whether it’s coffee, or scheduling some time in a calendar for focused discussion. This way, you can start to learn their goals, working styles and any new ideas they might have, and work to amend your priorities where appropriate. Be proactive in terms of identifying where they might need help–that’s an easy way for you to secure some quick wins to help them shine, which builds goodwill quickly.

A CHANGE IN COMPANY CULTURE AND PROCESSES

Sometimes what the company looks like when you joined looks nothing like the company you’re still working at 2 years later. This especially common in a startup–which tends to start without structures and systems in place. As the company scales, those things become necessary, and sometimes, it can change the company culture, entrepreneur Matt Barba previously wrote for Fast Company.

The first step is acknowledging that structure isn’t necessarily a bad thing, and simply accept the fact that it comes with company growth. If you feel like there are some cultures that the company used to have that you want to reinstate–there are ways you can do that without needing approvals from the higher-ups. As SYPartners’ principal Joshua-Michéle Ross said at the 2017 Fast Company Innovation Festival, you can create deep transformations with tiny steps. He went on to say that one of the ways to do this is to create “rituals that solve a problem.” In the case of Airbnb, for example, the home-sharing company found itself with far too many internal meeting as the company grew. Their solution? they started filming the meetings and editing them into digestible content–which solved a problem and got rid of unnecessary bureaucracy.

Your brain might be averse to change, but with time and a shift in perspective, you can learn to accept it. And if you train yourself to be comfortable with uncertainty, you might just see opportunities as a result of those changes that you might not have had otherwise.

FastCompany.com | August 6, 2018

#CareerAdvice : #JobSalary – 4 Times It Pays to Accept a Lower #Salary …Before you jump at that Higher Salary, there are Certain Circumstances where Accepting a Sower Salary actually Makes more Sense. Here are a Few you Might Encounter.

July 10, 2018/in First Sun Blog/by First Sun Team

In the course of your career, you’re apt to land in situations where you’re choosing between two jobs, and two distinct salaries. Most people will naturally gravitate toward the higher income, because, well, money is important, and there’s no such thing as having too much of it. But before you jump at that higher number, there are certain circumstances where accepting a lower salary actually makes more sense.

Here are a few you might encounter.

1. When you’ll get better benefits

Workplace benefits are an important part of your overall compensation package, so if you’re looking at a lower salary from a company whose perks are outstanding, that’s reason enough to consider that offer. Furthermore, a superior benefits package can actually save you money, even when you end up taking a hit on salary in the process.

Imagine you’re choosing between two companies. The first is offering you a $65,000 salary and health insurance that’ll cost you $300 a month. The second is offering you $62,000, but health insurance that’s completely subsidized and free to you. Suddenly, you’re actually $600 ahead by taking the second offer. Therefore, before you accept an offer on the basis of it coming with a higher salary alone, take a look at the whole picture and recognize the financial value your employee benefits might offer.

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2. When you’ll enjoy a more favorable company culture

Company culture can play a huge role in your day-to-day satisfaction on the job, so if taking a hit on salary means being happier at the office, it’s probably a hit worth taking. Not being content with their company culture is actually the No. 1 reason younger workers quit their jobs today, so if you’re offered the chance to work in an environment where employees are valued and respected, it pays to go for it.

3. When there’s ample room for growth

Career growth should be a major factor in any job-related decision you make. Therefore, if you’re offered a slightly lower salary by a company that’s expanding rapidly and tends to promote workers internally, accepting that deal might pay off in the long run.

How do you know what growth potential your company has? It’s simple: Ask. Find out how many jobs the business has added over the past year, and how many it plans to add in upcoming years. These are questions you’re allowed to ask during a job interview, and if you have reason to believe you have more long-term potential at a company that’s paying less at present, don’t hesitate to join it.

4. When there’s a better work-life balance

Only 30% of employees today are satisfied with their work-life balance, so if you’re offered a role whose demands seem reasonable, it pays to consider it. Though a growing number of companies today are becoming open to flexible work arrangements, such as telecommuting, there’s a large chunk of businesses out there that are sticking to a more rigid model. And finding a position where you’ll get the former over the latter is reason enough to accept a little less money.

Though money does, and should, play a substantial role in our lives, it certainly isn’t everything. Before you rush to take that job with the highest salary, think about the perks that might come along with making a bit less money. You may come to find that taking a lower salary makes you happier with your work situation on the whole.

Related Links:

GlassDoor.com | July 10, 2018 | Posted by Maurie Backman, The Motley Fool

Your #Career : 4 Appropriate Times To Ask For A #Raise …When you Want a Raise, it’s Important to be Strategic about When you Make the Ask to your #Boss .

May 4, 2018/in First Sun Blog/by First Sun Team

We all want to earn as much money at our jobs as possible. After all, the higher our income, the more opportunities we have to save for retirement, put our kids through college, and afford life’s many luxuries. And if you’re underpaid, it absolutely makes sense to fight for a raise and get the salary you deserve.

But what if you do your research and discover that your salary actually is in line with what professionals with your job title are making in your area of the country? Does that mean that you should settle for your current wage, or make the case for more money?

It’s a less clear-cut scenario than the former, but if your performance is solid, you might manage to snag an increase, even if your earnings are already pretty fair. Here are a few scenarios, in particular, where it pays to have that conversation.

1. YOU HAVEN’T GOTTEN A RAISE IN QUITE SOME TIME

Some companies give out pay increases annually. Others award raises based on merit. And then there are those employers who rank their staff members and reward only those with the highest ratings with more money. No matter your company’s policy, if it’s been more than a year since you’ve gotten a pay boost, you’re a strong performer, and you’ve taken on a greater amount of responsibility in the interim, then you have every right to approach your boss and request an increase. But if your last raise happened not so long ago, it pays to hold off on that conversation to avoid backlash.

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2. YOU CAN SHOW HOW YOU’VE SAVED THE COMPANY MONEY OR ACTIVELY INCREASED REVENUE

If you’re earning a decent wage for your position and industry, you’ll need to make a strong case for eking out more money from your employer. But if you can prove, with data, that you’ve saved the company money, your manager might agree that you deserve extra compensation. The same holds true if your direct actions have resulted in an uptick in revenue — in that case, your boss might push to give you a tiny piece of those profits.

Effective as this approach might be, however, you’ll really need to go in with hard facts. Remember, it’s everyone’s job to contribute to cost savings and revenue one way or another, so you’ll need to prove that your unique contributions produced results that not only exceeded expectations, but far surpassed those of your peers.

3. YOU CONSISTENTLY GO ABOVE AND BEYOND

Maybe you’re being paid fairly and you’re not in a position to directly boost sales or shave costs. For example, if you’re an operations-support person, you might be that essential cog keeping the machine running–but quantifying your contributions with data may not be possible.

If that’s the case, then you still can argue for a raise if you’re known as that employee who constantly goes well above the call of duty. This could mean working the most hours of anyone on your team, or being that person who will jump in over the weekend in an emergency. Prove that the time you put in merits the higher compensation you’re after, and you just might get it.

There’s nothing wrong with asking for more money at your job, even if your salary is reasonable to begin with. Just go in knowing that your company may not comply, even if your performance is pretty outstanding.

Remember, employers expect their workers to do the best possible job and don’t always show their gratitude for it with money. On the other hand, if you’re a top performer with a solid reputation, it never hurts to request a salary boost. After all, the worst your company can say is no.

FastCompany.com | May 4, 2018 | BY MAURIE BACKMAN—THE MOTLEY FOOL 3 MINUTE READ

Your #Career : How to #Negotiate Beyond the Raise You Were Offered? ….You Get a Strong Review and the Same Old Mediocre 2% Merit Increase you Got Last Year. That’s Disappointing. Is There Anything you Can Do?

April 30, 2018/in First Sun Blog/by First Sun Team

It’s been a long year. You changed teams, picked up new projects, started mentoring a couple junior developers, wrote a couple spectacular white papers, or any number of other productive things.

If you follow these five steps and find that a larger raise isn’t available within a reasonable timeline, you may need to begin looking for better opportunities with more flexibility to pay you what you’re worth.

Now it’s performance review season, and you’re looking forward to a stellar review accompanied by a nice merit increase to reward all your hard work.

But that’s not how things turn out. Instead, you get a strong review and the same old mediocre 2% merit increase you got last year.

That’s disappointing. Is there anything you can do?

How do you negotiate a raise in addition to your merit increase?

Your instinct might be to march into your boss’ office and demand a bigger raise. To make a statement and get what’s rightfully yours!

That probably won’t end well, so it’s time to slow it down and make a plan.

Step 1: Set your expectations

First things first, let’s level set: It may not be possible to negotiate a raise in addition to your merit increase right now.

By the time your manager told you about that 2% raise, the company’s merit increase budget had been divvied up and things were pretty much written in stone. The company made a budget, then parsed it out among the business units, which divided their piece of the budget up among departments, which divided that budget up among managers.

Your manager did the best they could to be fair to everyone, and out tumbled your 2% merit increase.

If it’s even possible to change that amount, a lot of pieces would need to be moved around. It’s probably not going to happen.

Step 2: Do your homework so your manager doesn’t have to

But that doesn’t mean you shouldn’t ask! Most likely, your manager will let you know there’s no additional budget right now, but maybe they’ll be able to work with you to make something happen now or down the road.

Before you ask for a raise in addition to your merit increase, I recommend establishing the following three things:

Your target salary—What is the specific raise amount you feel you have earned? You’ll start with your market value—Glassdoor will help with this—and then adjust your market value for your specific situation.
Your accomplishments—What are the valuable responsibilities you’ve taken on that were unanticipated when your salary was last set? Make sure to identify the accomplishment itself and the business value of the accomplishment whenever possible.
Your accolades—What awards or recognition have you gotten from colleagues, other managers, or clients? These can help your manager understand the value of your work even if they’ve been focused on other things.

It’s important to do this homework before asking your manager for a raise because managers are very busy people. The more work they need to do to help you out, the less likely they are to find the time to do it.

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Step 3: Start the conversation

Armed with those three pieces of information—your target salary, accomplishments, and accolades—you can approach your manager about an additional raise.

Here’s how to begin that conversation:

“I’m grateful for this merit increase—thank you for looking out for me. But I was hoping for a more substantial raise because I’ve taken on a lot of new responsibilities this year. Is there some way to adjust my salary to reflect my current responsibilities? Based on the market research I’ve done, I was hoping for a raise to [fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”][your target salary].”

Once you’ve begun the conversation, asking for a raise in addition to your merit increase will typically look like the same process as asking for an off-cycle raise. These email templates will help you follow up and continue working with your manager until you reach your goal.

Step 4: Set a goal and establish a timeline

Hopefully, your manager will be prepared to have a productive conversationabout what’s possible, and you may get a larger raise right away.

But the most likely result is that your manager will explain that the budget has already been spent for this cycle, and you’ll need to wait until there’s budget available to increase your salary.

If your manager suggests deferring your larger raise until later on, work with them to establish two specific things that you can collaborate on:

What you need to do to earn the raise you’ve requested—If you’re unable to get a larger raise because your manager feels you have not earned it yet. Ask specifically what you need to do to earn the raise you’ve asked for.
A timeline—It’s also important to establish a timeline so that you and your manager can check in at regular intervals to monitor your progress and make sure you’re on track to achieve your goal in a reasonable time period.

Step 5: Work with your manager to reach your goal

Once you and your manager establish a goal and a timeline, it’s up to you to keep this on your manager’s radar. Make sure to check in with your manager at regular intervals to discuss your progress, get feedback, and confirm that you’re still on track.

You may also run into structural barriers that prevent you from getting a large raise at all. This is sometimes the case at very large companies, where they’ve established rigid guidelines for raises and promotions. “Do you have to quit your job to get a big raise?” can help you determine whether your company has flexibility to give big raises or if you might need to look elsewhere to level up your pay.

In the end, negotiating a raise in addition to your annual merit increase can be tricky. But there are things you can do to start the conversation with your manager and maybe even get a raise right away.

Follow these five steps to negotiate a raise in addition to your annual merit increase:

Set your expectations
Do your homework so your manager doesn’t have to
Start the conversation
Set a goal and establish a timeline
Work with your manager to reach your goal

If you follow these five steps and find that a larger raise isn’t available within a reasonable timeline, you may need to begin looking for better opportunities with more flexibility to pay you what you’re worth.

Josh Doody is a professional salary negotiation coach who helps software developers get more high-quality job offers and negotiate higher salaries. You can learn his best salary negotiation strategies and tactics in his book Fearless Salary Negotiation: A step-by-step guide to getting paid what you’re worth.

GlassDoor.com | April 30, 2018 Posted by Josh Doody

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Your #Career : What to Do About a #PayGap at Your #Workplace ….It Happens All the Time. Someone Who Has Just Been #Hired, or Hasn’t Worked for a Company for Very Long, Makes More Money than Someone Who has Been There for Many Years & Proven Themselves to Be a Valuable Employee.

April 13, 2018/in First Sun Blog/by First Sun Team

It happens all the time. Someone who has just been hired, or hasn’t worked for a company for very long, makes more money than someone who has been there for many years and proven themselves to be a valuable employee.

For instance, there are many instances where a male is going to earn more than a woman who has more training and experience. Have you found out that you are earning a lower salary than someone who is a more recent hire, or has less experience than you? If so, it may be time for you to look for ways to be able to do something about it.

Don’t Blame Co-Workers

First of all, you need to remember that it is not your co-worker’s fault that they are being paid more than you are. Yes, you can be angry, but it is never a good idea to confront a co-worker about their salary. All it does is cause both of you to feel uncomfortable, and it causes a lot of anger in the workplace. Instead of being angry at them, use the fact that they are earning more as a reason to ask for a raise.

One thing that you should never do is ask your co-workers what they earn. Unless you are making comparable salaries, someone is going to end up angry because they are being paid less than others. This can lead to conflict within the team, and a lack of productivity that is not going to help you get the raise you deserve.

Learn About the Equal Pay Act

If you are a woman, it is important that you know about the Equal Pay Act. This act prohibits employers from paying women less than their male counterparts when they have the same amount of experience. If you are not a woman but are a minority, you may be eligible for some form of protection. If you think that you are being discriminated based on age, gender, or disability, the best thing to do is to contact the US Equal Employment Opportunity Commission (EOCC).

Unfortunately, most other employees have no legislative coverage. If you are not in one of the above-mentioned groups, you will need to consider your situation and decide whether you should address the issue with your employer.

Do Your Research

Before you walk into your boss’ office and ask for a raise, do some research as to what you should be earning, based on your training, experience, years with the company, geographic location, etc. If you do know for a fact that some of your co-workers are earning more than you, this is good information to be able to arm yourself with. Of course, as mentioned, it is not a good idea to ask co-workers about their salaries.

Just because you shouldn’t ask co-workers about their salaries, it doesn’t mean that there aren’t other ways to find out. For instance, if you work for a university or a public company, some of the salaries are going to be public information. Or, there may be an association for your particular industry that offers surveys about salaries. It is a good idea to research salaries at least once annually.

Consider Your Approach

One of the most difficult things about asking for a raise is how to approach the situation in the first place. It is never a good idea to ask if the company is going through a transition period, as the money just isn’t going to be there. You also need to be able to gauge your employer’s mood. If you get them on a bad day, you aren’t likely to get what you ask for.

When you do decide to approach your employer, don’t go in making demands. That isn’t going to get you anywhere. It is better to negotiate. Tell them why you feel that you deserve a raise, and have confidence in your own value. This is going to get you a lot further than just going in and saying you want a raise, or else.

Negotiate for More Responsibility

It may be that you are being overlooked for a lot of big projects at work. If this is the case, instead of asking for a raise right away, try asking for more responsibility. “Ask to be put on the teams that are doing the big projects, or to do an extra project on your own. Ask if there are training opportunities, and if not, take outside courses and workshops to gain more skills and knowledge,” suggests training manager at IGotOffer.

If you are given the opportunities you seek, don’t waste them. If you are getting training, take in every ounce of information possible. If you are given bigger projects to work on, show them what you are really made of. These are the things that are going to put you in the running for a raise, or even a promotion.

Set a Deadline

What will you do if your employer says that they will give you a raise, but they never follow through on their promise? Or, what if the company just can’t afford to give you a raise at this time? You can only wait for so long before you are going to become even more disenchanted, and your work is going to suffer because you will stop caring.

It is important to set a deadline for what you want. For instance, if you have been working at your company for more than a year without a raise, you may need to decide that if you do not receive a raise within the next six months, this may not be the company for you.

Consider Your Options

If you are not getting the raise that you deserve, or other forms of compensation such as extra vacation time, a paid bonus, etc., it may be time to start considering other options. There are other companies out there that will value your experience and skills, and be willing to pay you the salary you truly deserve. Basically, if your current employer doesn’t see your value, find one who does.

Glassdoor.com | April 13, 2018 | Posted by Jane Hurst

Posts

MISTAKE #1: NOT HAVING A COMPENSATION STRATEGY

MISTAKE #2: ASSUMING YOU’LL BE PAID FOR YOUR CONTRIBUTIONS

MISTAKE #3: BEING UNCOMFORTABLE TALKING ABOUT MONEY

MISTAKE #4: MAKING EMOTIONAL DECISIONS

MISTAKE #5: BEING AFRAID TO WALK AWAY

Crunching the Numbers

Moving Up or Moving On?

Positive Image, Positive Impact

Enhance Your Education

Power of Persuasion

NEVER ACCEPT A VERBAL OFFER

DO YOUR RESEARCH ON PAY PARITY

FIGURE OUT WHAT YOU NEED TO BE SUCCESSFUL–AND ASK FOR IT

GET CREATIVE WITH BENEFITS

HOW TO NEGOTIATE SALARY AFTER A JOB OFFER

Step One: Do Your Research On Salary Standards

Step Two: State Your Salary Number

Step Three: Counter After the Job Offer

HOW TO NEGOTIATE A RAISE (BEFORE OR AFTER A PROMOTION)

Step One: Be Proactive and Transparent About the Money

Step Two: Work Hard First, Negotiate Salary Later

Step Three: Network at Work

GETTING A PROMOTION

COMPANY RESTRUCTURING

GETTING A NEW BOSS

A CHANGE IN COMPANY CULTURE AND PROCESSES

1. When you’ll get better benefits

2. When you’ll enjoy a more favorable company culture

3. When there’s ample room for growth

4. When there’s a better work-life balance

1. YOU HAVEN’T GOTTEN A RAISE IN QUITE SOME TIME

2. YOU CAN SHOW HOW YOU’VE SAVED THE COMPANY MONEY OR ACTIVELY INCREASED REVENUE

3. YOU CONSISTENTLY GO ABOVE AND BEYOND

Don’t Blame Co-Workers

Learn About the Equal Pay Act

Do Your Research

Consider Your Approach

Negotiate for More Responsibility

Set a Deadline

Consider Your Options