Asking For a Pay Raise
Posted in Salaries & Benefits
Like any average mortal, you have bills to pay and mouths to feed. You have been working like crazy. You feel perhaps it's time to have a nice pleasant chat your boss. But before you say the R-word, you have to be armed and ready.
First, evaluate your worth. List down all your accomplishments, skills and contributions.
Second, arm yourself with the knowledge of what a normal raise is for a person at your level (your experience and your work).
Third, and perhaps the most crucial, assess your superior's mood. Does he look like he's going to consider your request?
Fourth, choose an appropriate time to meet with your boss. Make an appointment or inquire if he has a few minutes to spare. It is advisable to plan your meeting towards the end of the day.
Fifth, haggling with a storekeeper, state a higher amount than what you actually want. Say you want a 10% increase when you are actually okay with 5%.
Sixth, be realistic. It is only reasonable for you to accept a raise that is lower than what you requested if, say, your company is going through some hard times.
Seventh, are you willing to consider other options other than money? For example, a supplement in perks, time off, flextime or vacation. You can always negotiate.
Eighth, you have to have a contingency plan, just in case your boss turns you down. Do not go down easily. Consult your plan and regroup.
