Get That Raise
I was recently asked for a few tips for negotiate a pay raise. There is not much to asking for a raise, the key is to ask at the right time. Ask for a raise when the company is on a high note, an up swing such as having recently closing a big deal or accomplished a critical milestone. Before asking for a raise you should get a good sense of the current job market and the value you add to the company. If you want a 10% raise ask for 15%, if you want 15% ask for 25%. In addition to just a 25% raise, I would ask for a new title, more training, higher team leadership and management role. When asking for a raise you will have a better chance if you also step up and ask for more responsibility, not just money but a bigger and more visible role in the team. Just to make sure you make every point in asking for a raise, print out a one to two page document which highlights your accomplishments for the past year, take some initiate and make some objects for yourself for the coming year, and also detail your request for a pay raise, new title, additional responsibilities, and other fringe benefits.
Some manager have canned answers for when employees ask for a raise, such as the pay structure is pretty flat in the company, or that you don’t have a required skill or degree required for a given salary range. No matter what, do not walk away with nothing, negotiate either for concessions of other benefits, perhaps educational reimbursements or corporate training.
So go ahead, get that raise, you deserve it.
If you have any tips that worked for you in getting a raise, feel free to comment on them.
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