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Tips for a successful pay raise request

Tips for a successful pay raise request

Is it that time of the year again, when you need to project all that you have done for your team and company in the hope of getting a pay raise? And has your boss decided to remain silent as usual, waiting for you to make the first move? Well, here are some sure shot tips to help you get that much deserved pay raise without raising any hackles. ask raise in salary  Confidence Wins Throw away any reluctance you have before asking for a pay raise. If you know you deserve it, go ahead and ask for it. In the worst-case scenario, your boss would say no. What else could go wrong? Man.Watching.a.Folder.with.Documents.in.Hands Collect Proof Therefore, you have slogged for the company and have been a part of several of its improvements over the past few years. Expecting everyone (including your boss) to know about this would be foolish. So make sure you have the proof for every claim that you make about your achievements. They could be anything from creating positive changes within the organization and managing unruly employees to even averting a potential disaster. Back your words with cold, hard facts your boss would not be able to neglect when thinking about your raise. collect proof Strategy Preparation Take the time to do some extra research on factors like the salary standards and the status of the market before going in to ask for a raise. Check the salary range for your specific position via professional associations, career counseling services and even online websites like JobStar that offer information on salary ranges for a wide variety of jobs and positions. strategy preparation Raise or Promotion Is it a raise you want or a promotion? Will you be willing to give your raise a miss if your boss offers you a promotion instead? Which do you feel is more important at this time, a monetary gain or a step up in the organizational ladder? Keep all these questions in mind before asking for a raise. right time The Right Time Knowing the right time to ask for a raise would help you get it without any hassles. Accordingly, you can ask for a raise during your annual review. You can also ask for it when you have been given additional responsibilities like handling a new team on the floor. Factors like financial status of the company in the market, the overall economy and other external pressures would also need to be considered before asking for raise. Do not ask for a raise, if the company laid off employees recently or is not faring well in the market. woman-asking-for-raise Predict Boss Behavior Learn to read your boss’s mind and ways to counter his/her objections while denying you a raise. If he/she says no to your raise as of now, ask when you can expect the raise. Ask for feedback of your performance to see why you are being denied a raise. If he/she is not willing to relent, you can ask to speak with a higher official about the same. On the other hand, if he/she agrees to your package or offers a better one, read the contract carefully to make sure there are no hidden drawbacks. Summary These are some tips that would help you get that raise you are looking for. So prepare yourself mentally to go in there, stand your ground and ask for the raise you deserve, making sure you use these tips to gain an upper hand on the discussion.

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