There comes a time for all of us when we have been within our job for a year or more and we know it is time to ask for a pay raise. Our individual situations might vary – some organizations have a regular review meeting to discuss pay increases, while at others the mere mention of discussing salary will see your boss running for the hills.
One thing is certain though - asking for a higher wage is a nerve wracking process that often leaves us disappointed and wondering if we could have done better.
But it doesn’t have to be this way if you do the necessary preparation beforehand.
Why do I deserve a pay raise?
It’s a simple truth that your boss hires you for a reason, either because you make your business money, save your business money, or save your business time. Spend some time making a list of all the ways that you do these things, and the unique skills you have that others might not. Wherever possible try to put a dollar amount on the amount on the value you are contributing.
How much should I ask for?
Be creative with your request! Don’t just focus on your base wage as there are a lot of additional bonuses you might find a lot easier to negotiate, particularly when your business is being cost conscious. Promotions and increased responsibility, additional paid annual leave, reduced working hours, the opportunity to work from home, professional education expenses, a mobile phone or laptop, stock options and even more can all be negotiated as part of a pay raise.
Getting to yes
You won’t always get what you ask for the first time around, but that doesn’t mean that negotiation is over. It just means that you need to ask the question “I understand you might not be able to say yes right now. What needs to happen over the next 6 months so we are both happy with me getting the raise I am after?”
And remember last of all that the noisy bird gets fed! The best time to ask for a pay raise is right now and provided it’s done politely and professionally your boss will respect your courage and ambition.
www.payrise-payraise.com
One thing is certain though - asking for a higher wage is a nerve wracking process that often leaves us disappointed and wondering if we could have done better.
But it doesn’t have to be this way if you do the necessary preparation beforehand.
Why do I deserve a pay raise?
It’s a simple truth that your boss hires you for a reason, either because you make your business money, save your business money, or save your business time. Spend some time making a list of all the ways that you do these things, and the unique skills you have that others might not. Wherever possible try to put a dollar amount on the amount on the value you are contributing.
How much should I ask for?
Be creative with your request! Don’t just focus on your base wage as there are a lot of additional bonuses you might find a lot easier to negotiate, particularly when your business is being cost conscious. Promotions and increased responsibility, additional paid annual leave, reduced working hours, the opportunity to work from home, professional education expenses, a mobile phone or laptop, stock options and even more can all be negotiated as part of a pay raise.
Getting to yes
You won’t always get what you ask for the first time around, but that doesn’t mean that negotiation is over. It just means that you need to ask the question “I understand you might not be able to say yes right now. What needs to happen over the next 6 months so we are both happy with me getting the raise I am after?”
And remember last of all that the noisy bird gets fed! The best time to ask for a pay raise is right now and provided it’s done politely and professionally your boss will respect your courage and ambition.
www.payrise-payraise.com
RSS Feed