{"id":6660,"date":"2016-04-25T16:29:29","date_gmt":"2016-04-25T16:29:29","guid":{"rendered":"https:\/\/www.monsterindia.com\/career-advice\/5-tips-to-keep-in-mind-while-renegotiating-your-salary-package-6660\/"},"modified":"2023-10-09T13:59:23","modified_gmt":"2023-10-09T08:29:23","slug":"5-tips-to-keep-in-mind-while-renegotiating-your-salary-package","status":"publish","type":"post","link":"https:\/\/www.founditgulf.com\/career-advice\/5-tips-to-keep-in-mind-while-renegotiating-your-salary-package\/","title":{"rendered":"5 Tips to keep in mind while renegotiating your salary package"},"content":{"rendered":"

The end of the six month employment ban could be a game changer, especially if you are looking to move on from your current job. The UAE Ministry of Labour recently scrapped the rule. \u201cAs per the new rules, a six-month labour ban will not be imposed on an employee, if he\/she and the employer opt for mutual termination of job contract,\u201d reports Khaleej Times<\/a>.<\/span><\/p>\n

Given the current market, employers may be more willing to discuss better pay and perk options. It can be a tough conversation, so don\u2019t go into it unprepared. <\/span><\/p>\n

\"salary
\nHere are a few pointers to keep in mind:<\/span><\/p>\n

Find out what you\u2019re worth<\/strong><\/span>
\nDo some digging around to see what others with your profile and experience are making. You can obtain this information from job advertisements as well as from friends in your professional circle. This figure will act as a benchmark to assess how you are placed in terms of pay and what figure you should realistically be looking at.<\/span><\/p>\n

Pick a good time for your discussion<\/span>
\nThis goes without saying. Don\u2019t approach your boss when s\/he is not in a good mood. Choose the right moment to make an appointment and state the agenda of the meeting in advance.<\/span><\/p>\n

Prepare your argument<\/span><\/strong>
\nYou need to convince your boss that you deserve a pay hike. This needs intense preparation. Reflect upon the past year and make a note of all the times you\u2019ve been commended by your superiors, beaten a deadline by a wide margin and achieved the seemingly impossible. Memories are short, so it helps to remind your boss of your true worth. <\/span><\/p>\n

Make your pitch a win-win for all<\/strong> <\/span>
\nDon\u2019t approach the discussion from an adversarial point of view; present it as a proposition in which all parties\u2014the employee, the boss and the company\u2014stand to benefit.<\/span>
\nAlso, never cite personal reasons for the hike\u2014it could jeopardise your chances of getting one. Present it as a business case instead, listing your accomplishments on the one hand, and pointing out the several ways in which you could be of greater use to the company on the other.<\/span><\/p>\n

Keep an open mind<\/span><\/strong>
\nIf you\u2019re entering into a negotiation, the result could go either way. So be prepared for a rejection, should it come your way. On the other hand, there may be a situation where the boss is unable to revise your salary package because of reasons unrelated to your performance, such as budgetary restraints. If that\u2019s the case, it\u2019s useful to keep your options open\u2014try proposing non-financial rewards like extended vacation time, executive study leave, flexi-work, or better benefits and entitlements.<\/span><\/p>\n

Quick Tips<\/span><\/strong>
\n\u2022 Don\u2019t be emotional or rude<\/span>
\n\u2022 Try not to be cite a figure\u2014let the management come up with one<\/span>
\n\u2022 It’s alright to ask for a few days\u2019 time to consider an offer<\/span>
\n\u2022 Stay poised and relaxed<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The end of the six month employment ban could be a game changer, especially if you are looking to move on from your current job. The UAE Ministry of Labour recently scrapped the rule. \u201cAs per the new rules, a six-month labour ban will not be imposed on an employee, if he\/she and the employer […]<\/p>\n","protected":false},"author":1,"featured_media":11738,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-6660","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-salary-negotiation"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.founditgulf.com\/career-advice\/wp-json\/wp\/v2\/posts\/6660","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.founditgulf.com\/career-advice\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.founditgulf.com\/career-advice\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.founditgulf.com\/career-advice\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.founditgulf.com\/career-advice\/wp-json\/wp\/v2\/comments?post=6660"}],"version-history":[{"count":1,"href":"https:\/\/www.founditgulf.com\/career-advice\/wp-json\/wp\/v2\/posts\/6660\/revisions"}],"predecessor-version":[{"id":11739,"href":"https:\/\/www.founditgulf.com\/career-advice\/wp-json\/wp\/v2\/posts\/6660\/revisions\/11739"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.founditgulf.com\/career-advice\/wp-json\/wp\/v2\/media\/11738"}],"wp:attachment":[{"href":"https:\/\/www.founditgulf.com\/career-advice\/wp-json\/wp\/v2\/media?parent=6660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.founditgulf.com\/career-advice\/wp-json\/wp\/v2\/categories?post=6660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.founditgulf.com\/career-advice\/wp-json\/wp\/v2\/tags?post=6660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}