Asking
for a raise
When,
how, and how much?
You've
been working at a place for a while and proving your
worth, and it's dawned on you that you should ask
your boss for a raise. There are right ways to do
this and wrong ways. Here are some things to consider.
The first thing you must ask yourself is do you deserve
a raise? Are you an asset to the company? Have you
increased profit turnovers? If you have answered yes
to these than you definitely deserve a pay rise.
Stay
positive. Make sure you come up with a good reason for
asking for a raise. Perhaps you're working harder than
everyone else. Maybe you're bringing in more money than
others. A good reason for a raise does not include the
reason that "you've been there a long time." While time
of service is important, you need to prove your worth.
Timing
Think carefully first about when the best time is to
approach your boss. You don't want to ask for money
the day after your company is going through some downsizing.
Wait for good news. If you've recently had a run-in
with your supervisor for one reason or another, now
is not the right time, either. You want to be asking
for a raise when conditions are right both for your
particular situation and for the situation of your company.
Try to strike at a time when profits are up, or just
after you've finished a major project that made the
department look good.
Approaching the subject
Have a basic plan ready. Focus on all your accomplishments,
any new business that you have brought to the company,
how you've made your department and, ideally, your boss,
shine. Have you put in a lot of over time? (we don`t
mean the week before you are about to be asking for
a raise).
Important
Your raises and promotions will come more quickly if
actually have a good track record and you've put in
long hours and shown the creativity that fuel raises.
The
question of money
Take your time and do your research before you even
think of asking for a raise. The worse thing you can
do is ask for an unrealistic pay rise or worse still
not know how much to ask for.
Do your research
Research salary information. Find out how much other
people in your position would or do make. Know how much
you should be paid. If you can take any kind of documentation
or maybe even a quote in with you when you approach
your boss for a raise, that may prove helpful.
Tips
Check newspaper ads, the Internet or even the local
Chamber of Commerce, as well as simply talking to people
to find out how much you deserve to be earning.
Don`t
sound desperate
You are asking for a raise so you think you deserve
one. But what ever you do don`t sound desperate. Be
aggressive. When you talk with your boss about a raise,
talk as if you absolutely, undoubtedly deserve the raise.
Above all, never talk about any debts that you have
this will make you come across unprofessional.
Most
important
Don't use an ultimatum, unless you're prepared to follow
through. If you are going to say you'll quit if you
don't get the raise, be prepared to quit.
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