Asking for a raise
You should be more afraid of not askingYou've worked, toiled and sweated. You've been there when the company needed you. But you want to earn more money. It's time to ask for a raise.
No matter how justified you feel in asking for a pay increase, feelings of intimidation may creep in when it's time to ask the boss. Now is not a time for fear. Now is a time for confidence and persuasiveness. Build your case, practice your approach and find the boss.
Here is some specific information to arm yourself with the next time you ask for a raise, taken from "Tips for Getting That Raise," by Kent R. Davies, High Technology Careers Magazine:
- Evaluate your job description
- List your accomplishments
- Find out how much others make in comparable jobs
- Decide on a realistic amount
- Give your supervisor supporting evidence.
Hardatwork.com recommends learning as much as possible about your company's pay and review structure before asking for a raise. This includes normal review periods, what you're evaluated on and what the maximum raises are. Also, be aware of the current business climate at your company and around the country. According to a Business & Legal Reports survey of more than 850 organizations, wage and salary increases will average between 3.6 percent and 4.5 percent in 2005.
Find out what is a reasonable salary for the position and for your level of experience. According to jobstar.org, you can find a salary range by checking periodicals, local newspapers, employment agencies, trade and professional journals and associations. There are also a number of online resources that can help you.
Once you take the time to do some checking, pull together the necessary facts and figures, it should remove your fears and concerns about asking for a pay increase. When the research is done, pick your time wisely and discuss the matter with your supervisor.
Last but not least, if you don't get the raise you want right away, don't give up.
Sources: Hardatwork.com; "Tips for Getting That Raise," by Kent R. Davies, High Technology Careers Magazine; jobstar.org.
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