Best way to negotiate a large raise?
September 9, 2008 8:23 PM Subscribe
How can I smartly/safely negotiate a substantial promotion and raise?
posted by anonymous to work & money (6 answers total) 5 users marked this as a favorite
I signed onto my current position at a salary in the mid-50s. I definitely undersold myself, but I came from a technical position in a non-technical field and didn't have a very high base to negotiate from. After some staff turnover in the last year, I've informally taken on a much more senior position running the team I was hired into.
Now I would like to renegotiate and make that position official. I spoke with several past employees who held this senior position and their salaries were $40k to $60k higher than what I am making. I've got the chops to be in that range: 8 years of experience, some fairly significant contributions to this company, and a hell of a lot of hours spent in the office. But I am worried that they'll balk at such a sudden increase, even if it's part of a promotion.
Any strategies or advice? Is it wiser to start high and negotiate down, or should I be wary of asking for too much initially and sounding like I'm just fishing?