From the course: Asking for a Raise
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Research your market value
- The next preparation step in getting the compensation package you deserve is researching your market value. Your market value is determined by your company's position in the market, how well they're doing, and what competitors are paying for people like you. Your market value has nothing to do with what you personally need to survive or pay the bills. It's the value of your services in the hands of your employer. They should make you an offer based not only on what you've delivered in the past but also on the future benefits you can be counted on to bring to the company. You are a store of value, and the shelves in your store are stocked full with your education, degrees and certifications, and your experience, accomplishments, and results. You have a reputational value as well that you've been building over time with your network. So let's say you're a UX designer with a reputation for creating simple and elegant customer experiences. Or maybe you've conducted workshops for your…
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