How to Write a Compensation Proposal Template

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Whether you are proposing a salary in your current job or a new job, both of them require careful preparations in writing the proposal. A new employee usually has between low to mid-range salary because that is how most companies put their new employers. Asking for a higher salary must be very challenging because you should provide the reasons why you should be different. It also happens in your current job, excellent support for the salary proposal should be perfectly made. Here are some steps to do that.

Do a Research
Your requested salary should be reasonable and to do that you need to do a research first. You can do that by visiting the labor departments to check the statistics of salary. You can also do other things as long as your research is to know the standard salary of the labor market in your regency.

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Find Your Uniqueness
One of the reasons why you want a higher salary is because you have certain differences that make you more outstanding than the others in the industry. To know this, you need to research the people in the occupations and check their qualifications. If your expertise is not commonly found in your area, you have a bigger opportunity to get higher compensation and it would be easier for you to negotiate with the employer. Just find something that only a few people in the area have it, surely including you, and this can be a powerful weapon.

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Gather Salary Information
When asking for a higher salary, you need to know the standard salary of your occupation in your area to ensure you are requesting a reasonable amount. Find this information from some internet sites since this can be the easiest way. Just visit any reliable sources that provide salary information of the same occupations in your area. You can also find such information from labor statistics or salary data for the specific job depending on your field. It can be an educational institution or associations; you just need to find the right place to go.

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Draft the Proposal
After gathering information from your research, now you need to make a draft based on it. Not only about the salary information you have researched, but you also need to put your education, performance, experience, and qualifications. New employees don’t need to make a formal proposal. You just need to include the current salary completed with your research on salary in the same field. This can help you set a range of salary to propose, but it still has to stick with the research.
When you are ready to propose, ensure you are ready to negotiate as well. You need to master your research for the negotiation because your reasons should be valid based on the market and field, not just an informal salary request.

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