As an employee of a company who has added value to the company in which you work, there are times when you are convinced that you deserve more in terms of salary or promotion. You have added much value to your company, and it’s for your company to recognize and appreciate your input in the organization. You deserve to be paid much more than the company currently pays you. Here are 5 effective ways to ask for a raise from your boss:
- Research the industry average salary for your position: Before going to your employer to ask for a raise, you must have done your homework of researching the average salary earned by the employees who are currently working in the same capacity as you now. Utilize all the available information sources you can to keep yourself abreast of the salary trends in your industry. This will equip you with useful information when you eventually sit down to discuss the pay raise with your boss. You should be certain about the fact that your boss will want you to justify why you deserve a pay raise. You should have a figure in mind when deliberating on a raise. It will be wise to talk in terms of monetary amount or percentage. Equipping yourself with the information about how much is being paid to your colleagues in the industry will give you an edge on the negotiation table.
- Communicate your achievement to your boss clearly: Your boss is possibly interested in hearing you speak about your achievement in the company. You have the onerous task of stating in clear terms how you have helped the company achieve its goals and objectives. Explain to your boss politely how you have been instrumental in getting the company to the current stage in which it is operating.
In a nutshell, remind your boss of the value you have brought on board, and how it has helped the company move forward. Never fail to remind your boss of your accomplishments.
- Demonstrate your competence: This comes even before you walk right into the office to discuss your pay raise with your boss. Let your boss see the reasons why you deserve a raise. Handling your day to day tasks in the business premises gracefully will give your boss all sense of duty to pay an attentive ear to you when you finally meet to discuss your pay raise. How well you execute tasks, how punctual you are to work, and how effectively you communicate to your colleagues and team will help create an impression on your boss that you truly deserve to get a pay raise.
- Don’t be afraid of feedback: Feedbacks provide an assessment of your overall performance in the company where you work. It helps you realize the other necessary areas in which you need to improve as an employee. Constructive criticisms from your boss and colleagues will help you become even more valuable to your organization. This is because you are provided with information on the necessary areas you still need to improve on. Asking for feedback will show your employer that you are proactive and capable of handling your role well.
- Remember timing is everything: Know the appropriate time to discuss a pay raise with your boss. You should ideally meet to discuss with your boss in private. You should find out when your boss is free, and schedule a meeting with them. Meeting with your boss physically to discuss a pay raise allows you to get you’re their reaction is about the request you are making. Also, familiarize yourself with the salary review policy of your organization. Know how often they review staff salaries. Is it every 6 months, annually, or biennially? Remember to always choose the right time for salary negotiation with your boss and avoid giving an ultimatum to the company to meet your requests.
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