When people feel they have shown they have what it takes and made an impression on the boss they sometimes want a raise. They feel the job is a good fit for them and they like their employer. Now they want to get that all-important increase in the money. However, they are unsure about how to appropriately ask for a raise. Here are some key points for raise seekers to keep in mind.
Asking for a raise takes some forethought and planning. Timing is a key factor in the approach. It is always a good idea to ask for a raise after performing above average on some specific project or serious task.
Before they ask for a raise they need to be sure that they are not ‘over-stepping’ the market pay for the job they are doing. Most employees hire in at a standard rate of pay because they are untried and unproven. Once they have proven themselves to be a valuable asset there is usually room for a raise.
Employees wanting a raise should get to know what the general practices of their employer are in regard to pay. Some places have a policy set for offering raises on a quarterly or yearly basis after reviews of employee performances. If the terms of pay and raises have been pretty much set then their chances of negotiating for more money and getting it are slim.
Once they have researched the company policies in regard to raises and pay and feel it is proper for them to ask for a raise then preparation is next. They want to create a presentation in their mind for the ‘meeting’ in which they will present their case for asking for the raise. That means going in armed with all the highlights of their performance as well as a grasp of what the pay is for their position out on the job market.
Depending on their relationship with their boss there are times when simply asking what it would take to qualify for a raise is a good idea and then they can work toward that end.
Before asking for a raise they should write down a list of their accomplishments since they began working there. They need to be able to lay out why they are an important part of the smooth functioning of the company or office. It is good to be able to show these things in terms of cost savings, serious projects accomplished, productivity improvement, making all deadlines, staying longer hours when needed, always being on time, and any other contributions that shine a good light on their work.
If they have taken on any added responsibilities this is always good to bring up. It is hard not to justify a raise when someone is doing more work than when they hired in at a certain rate of pay.
Once armed with facts and a good strategy it is time to set up the meeting with their immediate supervisor and talk things over. It is never a good idea to ‘ambush’ a supervisor. An employee should give their supervisor ample notice that they want the meeting to discuss compensation. That gives them some time to look over your records and have an idea already about how you have performed and what to expect.
Edward Chen contributes articles on career advancement and personal development. Are you currently a job seeker? He recommends MichaelPage Malaysia for the most comprehensive listing of local marketing jobs , as well as sales jobs in Malaysia .
