Barbara Corcoran, a successful Shark Tank investor, emphasizes the need for preparation and specificity when requesting a salary raise. She suggests creating lists of hired responsibilities versus actual responsibilities to showcase value to employers. Moreover, Corcoran recommends clearly stating a percentage or a monetary amount when asking for a raise, enhancing negotiation power. With her own successful career and revenue, she highlights her commitment to serving her employees effectively while noting that raises are influenced by company policies.
Corcoran advised viewers to prepare by making a list of every responsibility they were hired to do. This strategy ensures clarity in negotiations.
'You're in a much better negotiation position to maybe get 8%,' Corcoran said. 'Name the number.' Being specific increases the chances of getting the desired raise.
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