Those who mostly deserve a pay raise never even bother to ask for one.
Don’t be one of them.
Asking for a pay raise shouldn’t be a nightmare anymore with these effective tactics;
- Make a list of why you require the raise.
Consider thinking outside the box before negotiating for a higher compensation package, while demonstrating why it is vital for your productivity. Before deciding what you’re willing to accept, be sure you’ve written down everything you think is important.
- Make a list of why you require the raise.
Consider thinking outside the box before negotiating for a higher compensation package, while demonstrating why it is vital for your productivity. Before deciding what you’re willing to accept, be sure you’ve written down everything you think is important.
- Do some salary research, to support your request.
Taking the time to examine salary averages gives you an advantage because it demonstrates that you have solid facts to back up your request for a pay rise. This information is beneficial because it will provide you with leverage while negotiating.
You can, on the other hand, look for similar work on major job sites and compare their pay rates to what you are already earning. To strengthen your negotiating position, consider restricting your search to similar positions in your work environment or area.
- Make time to talk to your boss about this issue.
This strategy works perfectly well since it sends a message to your boss that you are well-organized. Scheduling time to talk about your pay raise allows you to prepare for the D-day. The optimum time to do this is soon after a successful quarter of financial outcomes. On the other hand, you can do it at any moment throughout the year or during a scheduled performance review.
Make an appointment that will allow you to get your boss’s entire attention. Don’t be like the others who barge into their boss’s office and begin negotiating a pay.
- Don’t make a hasty decision about the salary.
Your boss may receive the wrong impression if you rush to name your salary. When discussing money matters with your boss, be cautious. It’s best if you let your boss bring up the pay rate first, then come back later to negotiate the details. You can ask for some time to consider the offer.
If your boss agrees to your demands right away, it’s possible that you started out too low. That’s understandable because you may fear upsetting your supervisor by naming a higher pay rate. It also illustrates why you shouldn’t take the initiative and allow your boss to name his or her rate first.