It goes without saying that the majority if not all of us want to have a fixed job with a good salary. But what if several years go by and your salary is the same. When you start to realize that you are lagging behind, you need to do something especially when you discover that some employees have less experience and get more money and more promotions than you.
What should you do in this case? Do you have to leave your job and start to look for a new one or stay there and try to get new promotion and new raise?
It is obvious that it is safer to stay and try to convince your boss to give you a raise. Of course granting a yes from your boss is not easy. There are many things you can do to convince your boss that you deserve the salary raise and I have just summarized them into these main important points.
Choose the right time
Timing is everything before you ask for the raise, you need to be sure to convince your boss. You can track your performances and be sure that you are not making mistakes; for instances, you always come to work on time and you are a cooperative worker who has a distinct role within his or her team. Self-evaluation is very important because it gives you more self-confidence.
When you are sure of your own performance, you need to choose the right time. It is a mistake to ask for money during the annual review because it is too late. You should try to convince your boss for the raise 3 or 4 months in advance before the budget is already set. You have to schedule with your boss to speak about future expectations and you can give him or her a clear idea of what you are going to talk about.
Also, it is important to ask for a more money when you know that the company is not undergoing a difficult situation. Of course, asking for a higher salary when the company is struggling to survive will make the situation embarrassing and your boss will have the impression that you are the kind of worker who does not know anything about his or her work. You will even face the risk of being fired.
Be prepared when you ask
Negotiating your salary is not an easy task. That is why you must be prepared to convince your employer to give you the raise. You should know what people with your experience are earning. This is very important to answer all your boss’s questions and to show him or her that others with the same duties and in the same position are getting significantly higher salaries. You can also show him or her how you outperform your peers in the industry.
Being able to negotiate and persuade is very important. But you should also make sure that you are a highly qualified employee. This means that you are in a position of power because you are the one who has made a profit to the company.
Your boss should be handed out with all the numbers and the success you made. So, before you ask for any extra money, you need to make sure that you are making a difference in the company you are working with. If you are not making this difference, your boss will likely let you quit. But if you are sure of the major impact you are making in your business, your manager will think twice before letting you quit lest another company will hire you.
Avoid talking about personal and financial problems
When you negotiate for a better salary, you should talk about the projects you are going to accomplish and the success you are going to bring to the company. Talking about your financial situation is not persuasive simply because your boss does not care.
So, try to avoid speaking about anything personal. Rather, you can show your boss what you will be able to achieve in the coming months.
Be prepared to get « no »
Many people are hesitant to ask for a salary bump. They are afraid to lose face in front of their employer when the answer for their request is negative. Rejecting one’s demand can be frustrating, however, as it is said:
If you do not ask you do not get
So any highly qualified employee has to summon enough courage to ask for the raise or the promotion that they deserve.
When the reply to your request is no, it is an opportunity to ask your boss to give you justification. He or she will give you reasons for not offering you any increase in your salary. The boss can say that the company is undergoing a tough time or that you need to make more effort to bestow more profit to the company.
Here asking for the raise gives you a good opportunity to be evaluated by your boss. Your manager can praise or criticize you. In both cases, it’s very important because it lets you know your true value and work harder to improve your skills. So, it is obvious here that even a ‘no’ cannot be frustrating because you can get an objective evaluation.
Hence, it is time to know what you can do in the future to turn the no into a yes. Always remember that a no today can be a yes tomorrow. Once you take down all your manager’s recommendations or remarks and apply them, you can re-ask for the raise with more confidence that you will get it.
To sum up, it is important to speak up for yourself and do not let your boss decide your fate in his or her company. Asking for a salary bump can be a nerve-racking task because it is well known that all bosses are reluctant to offer their employees extra money, even if they are high qualified ones. Yet, it can also prove that you are an ambitious employee. This type of employees always have an indispensable place within the company and their bosses do let them quit to be hired by a rival company.