Your company is struggling financially. How can you negotiate a raise?

Negotiating a raise during financial struggles requires strategic finesse. Begin by researching the company's financial state and industry salary standards. Clearly articulate your value through quantifiable achievements and emphasize your commitment to the company's success. Choose an opportune time for discussions, avoiding high-stress periods. Be flexible in your expectations, considering alternative benefits, and express empathy towards the company's challenges. Propose tangible solutions to contribute to the financial recovery, maintaining professionalism and a positive attitude throughout. Remember to be open to compromise, recognizing the unique circumstances, and framing the negotiation as a collaborative effort for mutual benefit.

Understanding the company's financial landscape is key, especially when negotiating a raise. One approach that's often overlooked is considering alternative compensation methods. If a direct increase in salary isn't viable, think about other forms of value: stock options, additional vacation days, or a flexible work schedule. These can often have a substantial financial impact in the long term and reflect a commitment to your role in the company.

Na minha experiência, antes de iniciar um processo de pedido de aumento, você precisa avaliar cuidadosamente sua situação, e se inserir no contexto da empresa, e como sua performance impacta no resultado e na obtenção dos objetivos da empresa junto com seu time. Importante perceber como está a saúde financeira da empresa, para que isso não seja um problema durante o processo.

Conocer el estado financiero a detalle es esencial para poder valorar la solicitud y enfocarla de manera efectiva. Si por la situación actual es inviable un aumento siempre se puede mejorar la condición de trabajo (delegando una parte de trabajo, consiguiendo reducción de jornada o hacer homme ofice...) dejando ver a la empresa tu posición de que en cuanto mejore un poco los números financieros volverás a negociar.

Highlight your significant contributions and their impact on the company's success to justify your value. Research industry salary standards to ensure your raise request is realistic and justifiable. Propose flexible compensation options, like a phased increase or non-monetary benefits, to accommodate the company's financial situation.

Antes de solicitar qualquer aumento de preços é vital entender os drivers internos e externos que estão impactando seu custo. Na minha experiência industrial, ter um controle do preciso do impacto da inflação nos seus commodities facilita as negociações com os clientes, contudo problemas de performance operacional são muito difíceis de justificar qualquer aumento. Nesse caso é importante que se tenha programas de redução de custos para te ajudar a se manter competitivo no mercado.

Admittedly, it would probably more difficult to negotiate a raise when a company is struggling financially. However, this does not mean it’s impossible, nor does it mean that an individual should be discouraged from going after one. The first consideration would be to determine if the company can afford the raise. If so, the next step would be demonstrating (or reminding the organisation) of the value of the individual. Simply put an individual would need to demonstrate and establish that the company cannot afford to lose the value, work ethic, business and/or revenue that individual generates/brings into the organisation.

Before you start negotiating, it's a good idea to understand the current financial situation of your company. This will help you to tailor your approach and make a stronger case for a raise.

When building your case for a raise, beyond demonstrating your accomplishments, try to align your contributions with the company's strategic objectives. Show how your work supports cost-saving measures or drives efficiency, particularly in times of financial constraints. It's not just about what you've done, but how your efforts slot into the bigger picture of the company's path to recovery.

Planeje seu argumento e construa o plano tendo como base as informações que você obteve, assim como é importante construir um dossiê com evidências das suas entregas, com análise das evoluções dos KPIs e tudo mais que possa dar sustentação ao seu pedido. Depois identifique a oportunidade adequada para abordar sua chefia.

Conocer tu trabajo a fondo te ayudará a poder analizar que estar aportando a la empresa, que has implementado y que valor agregado le estas dando. Debes dejar muy claro que entiendes y apoyas la visión de la empresa hacia donde quieres ir y convencerte de que es lo mejor para la empresa, poder convencer de que es "el empujón" que necesita para crecer más.

To make a compelling argument for a raise, you need to demonstrate your value to the company. Gather evidence of your accomplishments, such as successful projects, increased revenue, or cost savings.

Choosing your strategy should include timing. It might seem counterintuitive, but sometimes asking for a raise during financial struggles can be strategically sound—if you've been instrumental in steering the company through tough times. Address how your skills are essential for the company's turnaround and future growth, rather than focusing solely on past achievements.

Siempre que la situación financiera de la empresa este en apuros, pienso que pedir un aumento de sueldo es contraproducente, se puede pedir si sabes que eres una pieza clave y que realmente puedes sacarla de esa situación siempre y cuando sea muy necesario, pero tu presión en esos momentos de debilidad puede ponerse en tu contra en el futuro. Creo firmemente que la propuesta en este caso debería ser, (Voy a trabajar en un plan que consiga ahorrar o generar tanto, y en base a ese tanto negociamos el aumento)

Dependendo do contexto financeiro que você identificou, você vai abordar de forma diferente, escolhendo a melhor oportunidade. Esteja ciente de que nem sempre você vai obter aumentos de salário, mas eventualmente você pode optar por benefícios ou outra coisa que seja monetizável e que seja interessante para sua carreira, como um curso, um bônus ou uma plataforma de aumentos no tempo até chegar ao patamar objetivado.

There are several strategies you can use when negotiating a raise, including emphasizing your achievements, highlighting your potential for growth, and being open to alternative forms of compensation, such as additional vacation days or stock options.

Effective communication goes beyond just what you say; it's about empathy and understanding the other side's position. Tailor your language to acknowledge the financial difficulties while clearly stating your case. If you've taken on more responsibilities or improved processes, articulate these in terms of value for the company, using clear and concise examples.

Ao conseguir um tempo com a chefia, você terá uma oportunidade única. Portanto, use um processo de comunicação eficaz. Uma conversa olho no olho é sempre melhor para que você possa se aprsentar de forma clara e objetiva. Seja assertivo, respeitoso, seguro e use uma linguagem profissional com seus argumentos e o seu case construído.

When discussing your request for a raise, be clear and concise about your reasons for asking. Be prepared to discuss your accomplishments and how they have contributed to the company's success.

Following up is not just about persistence, it's also about timing and approach. If a raise isn't possible immediately, propose setting tangible performance goals and a timeline for revisiting the conversation. This shows your willingness to be part of the solution and not just a cost to the company.

If your initial request for a raise is not successful, don't be discouraged. Follow up with your manager to discuss the reasons for the decision and to explore alternative ways to increase your compensation.

It's important to approach the conversation with empathy and understanding. Start by researching and presenting evidence of your contributions and achievements that have positively impacted the company's bottom line. Emphasize your commitment to the company's success and propose a raise that is reasonable and aligned with industry standards. Consider offering alternative solutions such as performance-based bonuses or additional responsibilities to demonstrate your willingness to contribute beyond monetary compensation. It has to be a win-win situation. In doing so you solidify your role in the organisation. Lastly, be open to compromises and explore opportunities for professional development or non-monetary benefits.

If you are successful in negotiating a raise, take the time to celebrate your achievement. If your request is denied, take the opportunity to reevaluate your situation and consider whether it may be time to look for a new job.

Very difficult situation.I worked in a big company and when it was struggling financially the first thing it did was to declare a salary and promotion freeze. If you are a high potential and has found another job or has any kind of unique and strategical knowledge which is vital for the company you could try to negotiate something. Even on these conditions companies know how stressfull a break of rules can be and try to avoid it at any cost.

If the company is struggling financially, negotiating a raise might not be feasible at the moment. However, you could focus on discussing opportunities for performance-based incentives, additional responsibilities, or professional development opportunities that could lead to increased compensation in the future.

When asking for a raise during tough financial times for the company, approach the negotiation sensitively and strategically. Understand the company's financial situation and highlight how your contributions have positively impacted its goals and finances. Offer alternative compensation ideas, like performance-based bonuses or taking on more responsibilities. Be open to discussing flexible options such as phased or deferred raises. Overall, maintain professionalism and a positive attitude to navigate the negotiation successfully despite the challenges. #ahmedalaali11