Ask For A RaiseHow to ask for a raise and get the salary you deserve
Your value to a company should logically grow each year. You acquire more experience and expertise that enable better job efficiency and added productivity. You may likely have undergone further training which expanded your job responsibility. With all these in mind, you can conclude that it is the right time to ask for a raise. Asking for a salary increase, however, can be a difficult exercise. Many employers usually have pro forma reasons to avoid granting pay raises. Among the standard answers to those asking for a raise may include: "business is bad because of the economic crisis; you need more job tenure; we`re on a salary freeze; you just received a bonus".
Despite this gauntlet of reasons, you can still ask for a raise and successfully argue your case for a salary increase. You can do this by highlighting how your job skills have contributed to your employer`s business objectives. Show that you are an asset valuable to the company`s operations. Provide facts and figures on how you have contributed to the profitability of the business organization. Likewise, make it a point to perform your functions at the desired job standards, or better yet exceed those expectations. This will make for rosy accomplishment reports that can back you up good in a salary increase negotiation. At the same time, examine the salary ranges in the industry or business where your company is engaged in. Call your employer`s attention if your current salary level is lagging behind industry levels.
Gathering information on the minimum and maximum salary levels in your particular field is not only a valuable exercise when you ask for a raise. The sources of such information can also provide statistics on the job supply and demand situation. You will be able to gauge from these statistics if your current position is in demand and would therefore command a higher salary in the job market. Armed with this knowledge, you can develop a sharper strategy in negotiating for a salary increase. You can further illustrate how your skills and expertise is a valued asset in the company, worthy of additional compensation.
Be cautious though on overly emphasizing your worth when you ask for a raise by directly threatening to quit if a salary increase is not granted. Direct threats in such negotiation situation are usually counter-productive. As much as possible, you would want to maintain the goodwill of your employer. Be ready with a strategy that accommodates compromises. If a raise cannot be truly justified, go for some additional benefits like more paid vacation leaves, flexible work hours or some telecommuting days.
Acquire further learning that will serve well when you ask for a raise. Explore the link at the bottom of this page for an e-book which compiles the many strategies and principles behind successful wage negotiations. This reference material, "The Ultimate Guide to Salary Increase" will provide you with pointers on gathering the right inputs for a negotiation on an increase in pay. It will further gear you up with effective templates packaging the messages proven to deliver a fat paycheck.