A D V E R T I S E M E N T
So you tell us you want more money. Sure, we understand but, that just makes you part of billions of people who do. Really, everyone wants more money and this is why they work and ask for raises time and time again. If you feel it is time to ask for a raise and you do not know how to do it, do not even try to wing it as experience has taught us many people do not know the first thing about asking for a raise and are likely to botch it up.
Take it from us when we say that asking for a raise requires a lot of planning, some skill, excellent timing, and when necessary, a nice fall back tactic. We would also like to remind you that asking for a raise means you have to wrap your mind around the fact that a pay raise is usually based in your performance and the market for your particular set of skills.
If you do not know what to do, it is important to know what not to do and they are as follows:
- Personal reasons – going up to your boss and telling him you want a raise as you have a gambling problem is gigantic mistake. What does he care if you have a gambling problem and why should he give you more money to support your bad habit? Besides, a gambling problem is an addiction and you do not want to let your boss know that you are not in complete control of yourself and your finances.
- Bad timing – another no-no when seeking a raise is to ask for it when the company is laying off some of its personnel. Sure, they may offer their superstars more money but this is to make sure they stay as they are needed. If you aren’t sure about being part of the elite squad, you probably aren’t and we advise you to wait for a better time to ask for a raise.
- Don’t be shy about your accomplishments – remember, when asking for a raise, you need to show that you deserve it and the best way to do this is to show your boss the numbers so he sees concrete proof of your contribution to the good of the company. Do not ever be bashful about showing him the numbers but do not be boastful about it either.
A D V E R T I S E M E N T
- Learn what the company can afford – we say before you ask for a raise and give the boss a number find out what the company can afford in terms of a raise. After all, you do not want to ask for a $10, raise when the company isn’t exactly making some major dough as of the moment. To find out what your company can afford, check its quarterly earnings report or check its general economic health as this will give you a good idea what to ask for. Your boss will appreciate your doing the work for them and being realistic about your expectations.