GOLDEN VALLEY, Minn--While employees part ways with companies for various reasons, 44% of Minneapolis workers polled by OfficeTeam said they’d leave their job for one with better pay.
With the Minneapolis unemployment rate at 2.5% -- one of the lowest in the country – it’s truly a candidate’s market. Workers are feeling more confident than ever that they can find a better job opportunity – and one that pays more. Before you jump ship, though, it’s important to talk to your current boss about your role and see if there’s an opportunity to negotiate your salary.
“Minnesota Nice” may be at play here – only 26% of Minneapolis workers tried to negotiate their salary during their last job offer, according to a survey by Robert Half. (The national average was 39%.)
If you decide you’d like to negotiate salary with your current employer, here’s a few tips to keep in mind:
• Be confident. Most employers understand – even expect – professionals to negotiate compensation and benefits. Be prepared to provide examples of how you’ve contributed to the bottom line, taken initiative or made a process improvement.
• Get it in writing. Once you’ve agreed on terms, ask your boss to draw up a letter that outlines the specifics, such as the salary and any special arrangements that resulted from the negotiations. Having everything in writing will prevent misunderstandings down the line.
• Be gracious. Regardless of how the negotiations turn out, be professional and courteous. You don’t want to walk away with a bad taste in your mouth.