How To Ask For a Raise
It is time to ask for a raise in pay
And Get More Money on the Job
. Youíre worth more than you're getting at this stage of your career. You could certainly use the extra money. And you deserve a raise! Many prominent celebrities have a publicist to do this PR work for them. Sports figures all have agents who sit with them at the bargaining table. And look how well it works for them. You must be your own publicist to get results when you ask for a raise.
- Before You Ask for a Raise Prepare a List of Your Accomplishments
- What Is the Best Time to Ask for a Raise
- When You Ask for a Raise Make the Boss Your Ally
- Negotiating Tactics When You Ask for a Raise
- When You Ask for a Raise, Bring a New Job Offer
- When You Ask for a Raise There are Other Options Beside Cash
- When You Ask for a Raise Keep Your Cool
Before You Ask for a Raise Prepare a List of Your Accomplishments
When you are ready to ask for a raise
, prepare a list of your accomplishments and responsibilities. You know you deserve a raise. But does your boss know it? Show that you deserve a raise. You can ask for a raise and expect one if you show that you are valuable to the company.
Before you ask for a raise
, prepare a report on what you have accomplished and why you merit a raise. If you have cut costs, increased revenues or productivity, improved safety or supported others, you have a good reason to ask for a raise. Your boss may not know all the tasks youíve put your shoulder to, especially if you also work for other people in the company. Keep track of how much unpaid overtime youíve worked, which certainly does justify your request for a raise. Gather together any emails that support your value to the company. Have other company employees commended your work? Does the boss know how youíve gone above and beyond your original job description? Does the boss know that you volunteered for additional work, did troubleshooting, resolved problems, collaborated on solutions? Mention your good ideas that had positive results? Have you had additional training and classes since your last raise? Remind the boss in your memo. Have you improved your job ability with studies, course work or certifications? Have you brought in new customers? Have other employees given you praise or thanks? Include these comments in your report.
What Is the Best Time to Ask for a Raise
A good time to ask for a raise
is when youíve taken on additional responsibilities. Or when the company has been profitable, or when your skills are in high demand in the labor market. Or itís time for your performance review. Check out the rates for comparable work in your area to see where your compensation ranks. This will also support your request for a raise. Then pick the dollar amount of the raise you want to ask for.
When You Ask for a Raise Make the Boss Your Ally
Bosses, like all of us, want to be appreciated
. They may have big egos, or they may feel inadequate and neglected. When you ask for a raise, flatter the boss whenever you can. Bosses want you to acknowledge how exceptional they are. Develop rapport and comradeship with your boss at work. In your memo, stroke those egos whenever possible. If your memo reflects favorably on your boss, it may be forwarded on to the higher-ups, because your boss, too, is looking for a raise. Other people at the company may read your memo, and be reminded of your merits. A little honey will catch more flies than vinegar.
Negotiating Tactics When You Ask for a Raise
In these days of tight budgets, when you ask for a raise
, you can expect your first request to be denied and rebutted. Figure out in advance why your request might be rejected and rehearse your responses. Your boss may deny your request for a raise because of his budget limitations. The boss may discuss downsizing and outsourcing and employee buyouts, all the strategies that make your job less and less secure. Then itís time for you to take the initiative and start negotiating. Mention that youíve proven yourself to be an asset to the company and now you want to discuss your career potential there. Remind your boss that itís difficult for an employer to recruit, train and invest in a new person. Speak up for yourself. Ask what consideration is made for exceptional employees. Ask how they reward strong performance. Ask if itís possible for them to revisit the question of your raise in the near future.
When You Ask for a Raise, Bring a New Job Offer
If you are able to get another job offer
with a better salary, this fact will be significant help in making your case with your boss when you ask for a raise. You neednít disclose the amount of money or the name of the firm. Say that you prefer to remain with your present employer, but you will require a substantial pay increase to continue here. Ask if they are willing to discuss such an increase. If you feel comfortable with the decision to resign, you can indicate that additional money is a make-it or break-it item. But you may have to follow through with a resignation if you threaten it, so be certain of the new job offer before you walk out on the old job.
When You Ask for a Raise There are Other Options Beside Cash
Another way to ask for a raise indirectly
is to ask for a promotion, a new position and a new title, which could go along with higher pay. You can negotiate for more money in this case because youíre taking on additional responsibilities. Discuss why you are a good candidate for promotion. Ask what additional training the company can offer you, to put you on track for promotion. Ask that the company keep you in mind for the next suitable position that opens.
If managementís final offer
is not in line with the raise you asked for, you still have strategies available. Ask for a non-cash perk instead of a cash raise. Perhaps you use your personal car on company business, and now it needs to be replaced. In lieu of asking for aa raise, you might ask for the use of a company car. You may want to negotiate for a better title, instead of a raise at this time. A strong job title on your resume may open the door to a better job somewhere else. Ask if you can have ďcompĒ time off to compensate you for some of the unpaid overtime. Instead of asking for a raise, ask if you can have additional vacation time, which will have no direct cost to the company.
When You Ask for a Raise Keep Your Cool
Whatever your strategy when you ask for a raise
, keep your interview calm and relaxed. This is not the time or place for confrontations. Donít take refusal personally. You may in fact have the best arguments and be the smartest person at the negotiating table, but your boss has the support of the company.
If you are not satisfied with management's response
, ask what specific results you need to show to merit a raise or a bonus. Ask when you can expect to be considered for a raise. Ask when you can expect another review and schedule a meeting for the boss to reevaluate your performance and pay.
I hope life brings you much success.
I wish you a very happy day.
Return to the complete index of new blogs.