So you've been busy working your fanny off for over two
years, hoping your boss will pull you aside and say, "Smith,
we really appreciate your work. We're upping your salary
by $3 an hour." Well, quit dreaming. If you want more
money, you're going to have to ask for it. Use these seven
steps to help you get the money you deserve.
Do your homework. Try America's
Career Infonet and other sites to get a good idea of
how you compare to others in your field. Don't rule out
a raise if you're making more, but don't expect one just
because you're making less. Just get the facts.
Assess yourself. Be honest now. How
easy would you be to replace? Know where you excel, where
you could stand to improve, and how you have benefited the
company. Also note any extra work you've been taking on.
Consider the timing. If the company
is laying off workers, now is probably not a good time to
approach your boss. What does your company's future look
like? Is it a nonprofit, a struggling startup, or a wealthy
corporation?
Know your limits. If you're ready to
walk if you don't get a $1/hr. raise, be prepared to pack.
But if you're flexible, know what you'll settle for. How
much does your company usually raise pay each year? According
to HireMinds.Net,
companies typically increase their employees' salaries between
5 and 15 percent annually.
Build your case. List your accomplishments
and special skills. Prepare facts and figures, including
comparable salary levels, to give to your employer if necessary.
Write down your vision for your future at the company, so
your employer knows you're serious about staying.
Ready? Here we go.
Don't just walk in, schedule an appointment with your employer.
Relax and be respectful. Assume she doesn't have time to
keep up with your accomplishments, and remind her about
them instead. Don't bring up personal reasons for needing
the raise, like "I just bought a new Lexus, and I really
need the extra money." Do not issue threats like, "If
you don't give me $5 more per hour, I'm outta here!"
She'll probably help you clear your desk.
Yes or no, make the most of it. If you get
the raise, don't forget to say thanks. No matter how good
you are, he didn't HAVE to give it to you. If you don't
get the raise, find out why. Is money tight? Is it too soon?
Is there something you need to work on performance-wise?
If that's the case, set some goals and ask to talk to him
again in a month or two. Or offer alternatives like added
holidays, a flexible work schedule, tuition reimbursement,
telecommuting, or a productivity bonus. Above all, don't
be shy about asking for fair compensation when you've proven
you're valuable to the company.
Written by Iris Wolfe
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us!