Is asking for a 20% raise too much?

As a general rule of thumb, it’s usually appropriate to ask for 10% to 20% more than what you’re currently making. That means if you’re making $50,000 a year now, you can easily ask for $55,000 to $60,000 without seeming greedy or getting laughed at.

How much higher can you negotiate salary?

With that in mind, “my rule of thumb is that you should counteroffer between 10 percent and 20 percent above the initial offer,” says Doody. “You will often end up somewhere under your counter but over your initial offer.” And 20 percent could very well mean another $15,000.

How much money can you negotiate per year?

Instead, you can negotiate up to $15,000 more per year with these insider secrets from Josh Doody, salary negotiation coach and author of Fearless Salary Negotiation. So let’s get down to haggling. Oh, and if you’re nervous, don’t be—the pluses of negotiating a starting salary significantly outweigh any perceived negatives.

How to negotiate salary for a new job?

Whether you’re negotiating salary for a new position or asking for a raise, there are a few aspects to consider so you can secure fair compensation. In this article, we share some salary negotiation examples you can use when faced with a new job offer or impending promotion.

Where are you in the salary negotiation cycle?

Where are you in the salary negotiation cycle? Salary negotiation is a cycle that repeats throughout your career. You interview for a new position, negotiate a job offer, leave your old position, start your new job, ask for a raise or two, seek out new opportunities and begin interviewing and negotiating all over again.

When to make a counter offer in salary negotiation?

The brief phase of the negotiation between the time you get a job offer and when you make your counter offer sets the table for the entire salary negotiation and will have a substantial impact on your final compensation. This guide will show you how to negotiate your salary over email with a step-by-step process.