When Asking For a Raise
Know Company Policies
Understand your company’s policy on salaries and raises. You may have to be with the company a specified length of time to get a raise. Find out how long and act at the right time. If you are getting the maximum salary for your position, you may ask for a promotion or a re-classification. Do everything you can after studying the company policy book.
Know The Decision-Maker
You have to convince the person who has the authority to give raises that you deserve one. If that person is above your boss, prepare to convince your boss and his superiors that you deserve a raise.
Do You Deserve A Raise?
You must find out if you deserve a raise. Only after you are sure you deserve one will others be sure you do. Rate yourself. Try to look at yourself through your boss’s and your fellow workers’ eyes. Do they think you deserve a raise?
How To Justify A Raise
Tell them about your accomplishments that helped the company. Show them how much you saved the company through your actions. Get to know what your skills are worth for another company in the same area. Present your company with that information. Present it to them in a very non-agressive manner. tell the company what you will be able to do for them in the future. Tell them how you will benefit the company with your new raise. tell them how your value has increased since you have been with the company. Don’t mention anything about your personal needs for the money.
Be Able To Handle Rejection
If you are rejected for a raise, be able to cope with it. Deal with the rejection before you ask your boss for a raise so you will know how to handle the situation. Remember, expect the best prepare for the worst.
Know What You Want
Before you speak to your boss know exactly how much more money you expect, both in terms of dollars and percentage. If you know your boss will negotiate with you, ask for more than you actually want. In this way you will get what you want or more.
When Should You Ask For A Raise?
Make an appointment with your boss. Don’t ask him for a raise as he is passing in the hallway. Don’t ask to see your boss on busy Mondays or Fridays.
Be Prepared For Criticism
You may be criticized for not performing “up to par” now. Don’t let this criticism upset you, let it help you. You can learn from this criticism by asking for more feedback from your boss. Ask your boss how you can improve yourself. Ask him for suggestions. Always be willing to negotiate with your boss. He may only give you a bonus instead of a raise. Take it and ask for a raise later.
Handling Your Boss’s feedback
Get an immediate answer from your boss if he has the power to give you the raise. If he can’t give the answer to you now, ask him when he can. If he tells you he can’t give you a raise ask him why. Ask him what he would require from you before you got a raise, his suggestions, what needs improvement, etc. Do what he tells you to do for a raise and, when you have satisfied his needs, ask him again. If you plan to quit if you don’t get a raise, don’t threaten your boss. You want your boss’s good reference later if and when you do quit.