You can’t just barge into the office of your boss, asking for a raise. There might be no hard and fast rules to follow, but here is a 6-step guide help you.
- Think about it hard. If you were your boss, would you give a raise? Why? If you can’t answer that persuasively enough, or if the words don’t ring true to you, then there’s no way the boss will hear you out. Prepare the facts. Do your research and find out how much other companies are paying for people with your skills and background. You have to show that it is worth raising your pay, rather than hiring new employees that need training.
- Have something to show for your claims when you’re asking for a raise. You can’t assert that you need more money merely because you get home tired from work and seldom have time for the family. Show the profits that have been because of you, the solutions that you arrived at, and the disasters that you warded off.
- Pick the perfect time. Nothing beats perfect timing. When the boss is busy or in a rush, it is not the time to start asking for a raise. If you just made it beyond the targeted sales, that’s a fine time to drop the bomb.
- Dress the part. It is called “power dressing”. You don’t expect your boss to put up additional investment in someone who can’t even invest in a decent suit.
- Say your piece. It’s a selling pitch – how are you contributing to the company, and how happy are you doing that? Be ready to negotiate.
- Make a paper trail. If nothing comes out of the meeting, send an email to the boss. A written document will prompt action. At least you can expect a definitive answer after the meeting. If there’s worse than not getting a raise, it is not getting an answer.
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