Login
Password

Forgot your password?

7 Tips You Can Use To Get A Pay Raise

By Edited Feb 27, 2016 1 0

Many people are frustrated because they feel underpaid and unappreciated at their current job. Some believe that their career has stalled and desparately want to jumpstart it. Employees maybe working longer hours and feel that their salary does not reflect this. Some workers become depressed about this situation and resent the employer. Fortunately, you can do something about this. Trying to get a pay raise is one of the most difficult things for millions of American workers to do. Many lack the knowledge or confidence to try and get one. It is  important to learn how to be a good negotiator. If you fail to develop this skill, then you will probably always be underpaid. This is not necessary. The following 7 tips can help you receive the pay raise that you deserve:

Know Your Worth

Do not make the common mistake that millions of employees make. Before you interview for a job, research the salary range for your career. After the employer hires you, this is the time to begin negotiating your contract. Be confident and look the other person directly in the eye. Remember, this is your career. Take responsibility for it from the beginning. This will help prevent unnecessary problems in the future. If you receiving a glowing employee evaluation, this is another opportunity to ask. Always be realistic. Do not make outrageous demands. Your employer may view this as being arrogant. If you are unsure of what your salary range should be, research salary surveys. Surf the Internet and gather as much information as possible about your profession. Check into professional organizations that may be able to help you. Salary.com is an outstanding website for salary information. If you are properly compensated from the beginning, you will reduce your chances of being underpaid.

Prove That You Deserve One

Just because you believe that you deserve a raise does not mean that you do. You have to be able to show your employer specific accomplishments that have helped the company. Are you exceeding the production that is expected of you? Have you completed a project that saved money? Did you win any awards? Are you bringing in clients? Be honest with yourself about whether or not you deserve one. You will not be able to fool your boss. Make a list of your credentials and be ready to sell yourself. Start off by listing your most recent accomplishments. Caution: Do not approach your employer in an argumentative manner. They are not obligated to raise your salary. Be professional and do not take anything personally. Take your time and state your case the best that you can.

Research Your Company's Finances

Your boss may want to give you a raise, but the employer cannot afford it. Maybe they just experienced record losses. This would be a terrible time to ask and you may give the impression that you do not care about the best interests of the company. They goals too and you should make sure that this is a winning situation for both of you. It is advisable that you ask for a pay raise when your company's financial health has improved.

Ask Your Boss What To Do For A Raise

Arrange a specific time for a private meeting with your boss. Ask him or her what you have to do for a pay raise. Try and find out what guidelines your employer uses to determine raises. If necessary, take a notepad with you. Write down what you are told and keep it for future reference. This information may be needed if a second meeting is required. Also, find what you can do to improve on your weaknesses. For example, if your communication skills are weak, consider taking a speech class. Reading your employee handbook is something that you should do. It can help you determine the best way to ask for more money. The book can also tell you the person that you need to talk to. Take the advice of your boss seriously and try and do everything that has been suggested.

Ask For A Raise

Now that you have done your research, it is to ask for more money. Try and arrange a specific time to talk about your salary. Be ready to promote your achievements and awards. Sell yourself and do so with confidence. Do not be afraid. All your boss can do is say yes or no. Make good eye contact with your employer. Give details about how your performance translates into a pay raise. Show that you have exceeded expectations of your current position. If you have helped the company make money doing extra duties, say so. A pay raise should be a winning situation for both sides.

Be Prepared For The Worst

Before you lobby for a raise, you should ask yourself, "What will I do if I am turned down?" This important because this can affect your career advancement. If this happens, ask your boss why you were rejected. Find out the specific reasons and what you can do to remedy any problems. Maybe your employer wanted to, but the company budget is tight. It is possible that it is simply the wrong time. If you are offered constructive criticism, listen to it with an open mind. There could be legitimate reasons why you were denied. Think about what you can do to get a pay raise the next time. Caution: Do not quit your job immediately, especially if you do not have an offer from another employer. You might be upset, but calm down and do not make an irrational decision. Also, do not tell something to your boss that you may regret. You may want to ask for a higher salary 3-6 months later. If you still do not receive one, then maybe it is time to find another employer. Maybe your employer does not truly appreciate your efforts and never will.

Improve Your Skills

If you have been denied, reconsider your education and skills that you have. Do they need to be updated? Are they relevant in today's world? How can you talents fit into the best interests of your organization? If your employer offers a career training program, you should consider entering it. Many community colleges also offer lectures on leadership and career advancement. They often are free or companies will help pay for them. Public speaking courses can also help you because businesses often have representatives at confernces. Your boss may want you to host a seminar. If you do a good job, this can help your career. Upgrade your skills as much as possible.

Do your research on the salary you should command before your interview. When you are hired, negotiate your pay rate. This will reduce the chances of being underpaid. Remember, it is your responsibility to prove that you deserve a raise. Make sure that you have done your homework and promote your credentials and accomplishments. Ask your boss what you need to do to get one. Listen to his or her suggestions. Research your company's finances. Do not try and get one if your employers are in financial trouble. Wait until a later date. Set up a meeting with boss and promote yourself for a raise. Do not be afraid. Be confident and do your best. Be prepared for the worst. If you are rejected, it is not the end of the world. Do not say angry things to your boss that could jepordize your career. Try for a pay raise again at a later date. Always upgrade your skills and make sure that are relevant in your profession. If you follow these 7 tips, you will increase your chances of getting a higher salary.

Walmart: How I Got The 60 Cent Raise
Amazon Price: Buy Now
(price as of Feb 27, 2016)
How To Get The Pay Raise You've Earned
Amazon Price: Buy Now
(price as of Feb 27, 2016)
Knowing Your Value: Women, Money, and Getting What You're Worth
Amazon Price: $15.00 $7.72 Buy Now
(price as of Feb 27, 2016)
Productivity, Advancement & Raises
Amazon Price: Buy Now
(price as of Feb 27, 2016)
Advertisement

Comments

Add a new comment - No HTML
You must be logged in and verified to post a comment. Please log in or sign up to comment.

Bibliography

  1. "How To Get A Pay Raise." www.ehow.com. 3/05/2013 <Web >
  2. "10 Tips For Getting A Pay Raise In A Recession." www.edition.cnn.com. 3/05/2013 <Web >
  3. "How To Ask For A Pay Raise." www.wikihow.com. 3/05/2013 <Web >
  4. "How To Ask For A Raise." www.careerplanning.about.com. 3/05/2013 <Web >
  5. "Negotiating A Pay Raise It May Be Easier Than You Think." www.businessmajors.about.com. 3/05/2013 <Web >

Explore InfoBarrel

Auto Business & Money Entertainment Environment Health History Home & Garden InfoBarrel University Lifestyle Sports Technology Travel & Places
© Copyright 2008 - 2016 by Hinzie Media Inc. Terms of Service Privacy Policy XML Sitemap

Follow IB Business & Money