How to Negotiate Higher Pay, From a 27-Year-Old on Track to Earn $1 Million This Year: Know ‘Your Absolute Wants and Your Absolute No's'

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How to Negotiate Higher Pay, From a 27-Year-Old on Track to Earn $1 Million This Year: Know ‘Your Absolute Wants and Your Absolute No's'
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Lauren Simmons once found herself in a similar position to many Americans: wanting a larger salary. Here’s her advice on how to negotiate for what you want.

It's important to remember your salary alone isn't everything."There are so many things that go into your salary package," Simmons says."I want you to think outside the box of, 'I only want this dollar amount.'" You should always ask yourself, what are the other things I want?

For instance, her company initially agreed to bump her up to $8 an hour instead of $7. Short-term, she was OK with that because"I loved my job." But once Simmons began to think about her long-term future, it wasn't enough:"I had to have an internal conversation with myself of the absolute non-negotiables of what I was going to do going forward.

Simmons also emphasizes the need for a backup plan. If things do not go your way in a salary negotiation, it is important to know what you want to do. The company will either agree to the full amount you ask for, although Simmons says this is"unlikely," or"they will give you a pay increase, but you will still be unsatisfied in your job because you don't feel like you're getting paid what you should be getting paid.

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