Smart Ways to Negotiate Your Salary in an Uncertain Economy

If you're seeking a raise, it's important to read the room and understand a few different strategies. Research and preparation are both key.
Melissa LambarenaAug 27, 2021

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

The has altered many job descriptions. For Haley Jones, a 24-year-old resident of Michigan, the coronavirus changed the needs of her company, and as she adapted to meet them, her responsibilities were no longer confined to her marketing specialist role.

“I graduated with a marketing degree, no medical experience at all, and I ended up having to scrub in at our surgery center and help patients get prepped for anesthesia,” Jones says.

After adding those kinds of new hats, Jones felt that her responsibilities had outgrown her entry-level salary and position, so she requested more compensation.

Your role may also merit a salary discussion, even in uncertain times. Here are some strategies to help you achieve the ideal .

Understanding the market for your job is critical, according to Lindsey Pollak, author of the upcoming book “Recalculating: Navigate Your Career Through the Changing World of Work.”

“You can look at websites like Glassdoor, and PayScale and see what’s standard,” she says.

These websites offer a minimum and maximum salary range that you can reference to give your boss a realistic request. Pollak also suggests networking with professional associations in your industry and asking about the appropriate salary range for the job in your particular city.

If you’re , Pollak suggests being more self-promotional about big wins. With many distractions in the pandemic, your boss may not know the extent of your contributions.

Jones created a slideshow presentation with links to her work, a list of tasks completed and her overall impact on the company. Her boss shared the presentation with others weighing in on her salary request.

“If you want someone to do something for you, make it as easy as you can for them to say yes,’’ Jones says.

Dive as far back into your contributions as is necessary or gather evidence up to the last annual or midyear review. And be as specific as possible.

Be strategic as you plan the conversation. Gauge your level of confidence at every step.

If you need further guidance, Pollak suggests connecting with a college's career center for advice, whether that's your alma mater or a community college. Even if you never attended college, your local community college may offer resources.

Don’t allow emotions or nerves to steer the conversation away from your goal. Remember three key points for your discussion:

If your employer can’t meet your request this time, all isn’t lost. You have promoted your work and carved out the path for the next conversation, according to Garfinkle. You can also consider negotiating for non-monetary benefits.

“Maybe it’s a title change, or they’ll pay for an executive coach, or they’ll provide some training, or additional benefits or ,” Garfinkle says. “There are other things you can get that might be beneficial for you.”

If your employer is willing to offer a pay increase or an alternative, get it in writing. Send a thankful email to your boss summarizing the conversation and alert them that you’ll be following up on the next steps.

In the case of a firm “no” or “not right now,” let your boss know that you would greatly appreciate the chance to revisit the conversation in the future.

Following up is key with any response. Jones followed up twice in a month, once via email and another time in person. Eventually, she was promoted to marketing director and received $5,000 more than the maximum amount she requested.

This article was written by NerdWallet and was originally published by The Associated Press. 

On a similar note...
Dive even deeper in Credit Cards