How to Negotiate a Pay Raise! My analysis for July 2021

1) Worker Shortage

“A labor/worker shortage is an economic condition in which employers believe there are insufficient qualified candidates (employees) to fill the marketplace demands for employment at a wage that is mostly employer-determined.”

2) How to negotiate a pay raise

“Make a list of your specific accomplishments, find out how your salary compares, consider negotiating benefits and perks, time your pitch right, broach the topic professionally.”

3) BATNA

“An acronym that stands for Best Alternative To a Negotiated Agreement. It is defined as the most advantageous alternative that a negotiating party can take if negotiations fail and an agreement cannot be made.”

4) How much my friends are making?

Typically, my friends are making $18 to $22 and their job ranges from regular part-time job to internships. Most of the bigger companies pay more to their employees.

5) Hourly Wages

“Alfred” Invisible worker in NYC/DC/SF/CHI: $19

“Alfred” Invisible worker, rest of us: $18

“Batman” In person masked hero in NYC/DC/SF/CHI: $20

“Batman” In person masked hero, rest of us: $19

“Bruce Wayne” In person visible hero in NYC/DC/SF/CHI: $21

“Bruce Wayne” In person visible hero, rest of us: $20