What’s the best way to negotiate your salary? Should I wait until after my annual review? I feel like it’s so awkward to have a serious conversation over Microsoft Teams. I’m 100% work from home.

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Yes I would wait until your review. Until then build a good case. Good luck

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Never seen a firm negotiate with anyone below VP.

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Just about every firm will

I would wait for your review and come prepared with information, including your years of experience, education, and career levels, and the skills you offer to the company with the documentation to back you up on why you deserve a raise

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Coming from someone who HAS negotiated within this organization I can tell you from experience: PNC is not going to negotiate unless there is fear of loss. There can only be fear of loss if you bring something to the table that they cannot get from someone else. If you’re an exceeds all employee and have shown you provide something they don’t have in other employees (training skills, sales acumen, etc) that they can’t easily get from a rehire, you have an advantage. Also, go get an offer from somewhere else and give it to them. They will only give you more money if you have a competitive offer. Comp team won’t adjust unless they have an offer in writing (there’s no reason for them to compete with themselves) And they will still discount the offer with the home field advantage price. In my case I was at 62k, which is vastly underpaid for my role. I got an offer from another bank at 95k, I presented it to my manager and they came back to me with a 90k comp. I call that a win.

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I agree with BM1. I don't think they are open for salary negotiation if you haven't brought something to the table yet. Unless you are a great impact in the industry they are not willing to make any negotiations. I am sure with that.

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Agreed - also understand what they can do and what they can’t. MM can only approve up to 10% comp increase, and Territory leader can approve up to 15%. Mine had to go clear through Todd Barnhart and up to Karen Larrimer for approval which pretty much means Demchaks office because he looks at things like that believe it or not. And the reason I had that was because I know my Territory leadership and they know me because I do a lot at the territory level on projects for Home equity and Ace coaching model. So understand, you really have to bring it to get it in return

I wouldn't wait until your annual review. It is better to give your company a heads-up to work ahead with your expectations. If not, your manager would probably tell you to wait until the mid-year review.

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I personally would wait for my annual review. By then, I will know how I would go about my negotiation. Just do what you feel is appropriate and proper.

I would not wait for annual review. I would start the conversation a few months prior to annual review BECAUSE comp is set typically about 2 months PRIOR to the actual annual review. By the time your review conversation happens, the comp decisions have already been made. So when you ask for the comp adjustment, they will say “ok we can look at that for mid year adjustment” or “I’m sorry but comp was already set prior to this conversation”. Furthermore, they WILL use the fact that you want more money to demand more effort out of you. Time it right and you’ll get what you want without having to have a carrot dangled over your face for the next six months. Either way they will demand more, so why not have the money at the same time right?

Talk to your manager. Usually, companies allow salary raises every 6-12months. You don't really have to wait until your annual review.

I think around the time of your annual review is a perfect time. But make sure you bring numbers/data to back up your request.

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