What does NSI mean in OCCUPATION & POSITIONS

Before attempting to negotiate, it's important to research industry benchmarks so you know what kind of salary range you should aim for. Make sure you have concrete examples on hand about why your current salary should be increased. Then, be polite but assertive during the negotiation process. Show that you understand your worth and politely make a case to justify increasing your salary.

Yes, it's quite common for employers to offer a Negotiated Salary Increase (NSI). This is particularly true at companies where staff members have been with the firm for a number of years or those who consistently complete excellent work or exceed expectations in many areas.

Typically, most employers are willing to discuss negotiating salary increases after employees have been with their organization for at least several months or even one year. Depending on how much impact the employee has had on their team or organization, management may also decide that they can initiate an NSI earlier than expected.

Have data ready that supports why your current compensation does not accurately reflect your contribution and impact at the company. Rehearse talking points beforehand such as highlighting any successes from projects you may have spearheaded, any awards/recognition received from peers, etc.. Be prepared ahead of time and bring a list of reasons why you are deserving of this raise if requested by management.

Performance is usually one key factor when evaluating whether or not someone is deserving of an NSI. Employers want employees who show ongoing enthusiasm, reliability, hard-work and success throughout their time with the company in order to warrant granting them more money each year through these negotiations.

Negotiating salaries can get complicated so it's best practice not to ask for too frequent raises in order maintain goodwill within your relationship with management and your fellow coworkers. Most experts recommend asking for a raise every one-two years depending on how significant changes have been made throughout that time period which could warrant additional compensation.