How to Get More Money Without Getting Promoted
Posted in Salaries & Benefits
You did everything what a diligent employee does: working hard, becoming a great team player, coming up with new ideas that would take the business further, and being an all-around joy in the workplace. However, you still wonder why on earth you are still stuck in your entry-level job and not a glimmer of promotion is in sight.
Probably you need to assert yourself and ask your employer for a salary raise. Discussions about salary increase may be a bit nerve-wracking and uncomfortable, but doing it right could lead to better rewards. Here are some suggestions that would make sure your request does not fall on deaf ears.
Do your researches
Any element of your career starts with researching in order to gather vital information you may need. You can convince your superior to put the request in your favor by knowing and relaying the going rate for someone with your experience and position. This information can be found online or through networking.
Create your own outline
When going into any kind of negotiation session; you need to arm yourself with the right amount of information that would benefit you. Look back at your time with the company and highlight your accomplishments.
Create a list of specific examples of ways you have been a valuable asset to the organization, using quantitative examples whenever possible. You could also put your accomplishments into a brief formal presentation that outlines each of your goals and how you have achieved them.
Sense the right opportunity
There are good times and bad times to ask for a raise at any company. Asking for a raise while the company is downsizing or cost cutting not only would be denied, but would also show that you are not in tune with the company's needs.
It is also not the right time just when your manager is walking into the office, or when the office is beset with deadlines to catch. Pick the right time when your manager will be sure to be in a good mood then request for a half-an-hour-long meeting with him.
Never threaten nor demand
The biggest no-no you can do in a salary negotiation is to put your supervisor on the defensive. Throwing lines like "if I do not get a raise, I would resign from the company" would only affirm that you are uncompromising. Keep the meeting positive and be willing to listen to what your manager is saying, even if it means rejecting your request.
Consider non-monetary perks
If the organization cannot grant your request for a salary raise, you can ask to be rewarded for your performance through other means such as stock options, more vacation time, or other non-monetary benefits. Do not think that you are not valued just because your request was rejected.
