I have come across a lot of people who love their jobs but they were just not where they want to be financially. So, asking for salary increase could be a viable option.
The best available option is approach your boss and ask for a pay increase, as it is increasingly difficult to get a position with a different company.
The ability to negotiate a salary increase can place you in a better financial position: extra money can help you qualify for mortgage loans or refinancing; if you’re trying to build your emergency fund, a raise can jump start these efforts.
It is however important to note that your value determines the outcome of this process. So, it’s important to research and know your value before approaching your boss. In other words, you can only approach the conversation with a fair number in mind – based on your experience and the average salaries in your area. Of course, it isn’t enough to only research your value. You need to know the best ways to approach your boss.
Here are four things you should never say when asking for a raise:
1. Don’t Threaten To Quit
Many people think the best way to go about asking for salary increase is to threaten to leave the organization they work with. They simply think threatening to quit their jobs will give them the upper hand.
This is by no way recommended, even if you’re ready to follow through with your plan. Remember, your aim is to get salary increase which can only be done by getting your supervisor’s good side, not tick him off. The relationship you build with your superiors will affect your career in a long term. So, tread softly.
It is advisable that you approach your boss with a gradual or friendly attitude, this is to ensure that your boss respond favorably.
Taking the wrong approach will most likely result into a chaos and your boss may actually call your bluff.
It is always a better approach to explain how much you enjoy your work. Let your boss know that you’re interested in the growth of the company and that you want to grow with the company. Next, state your argument for a salary increase. Be professional and keep your negotiations brief. Remember, brevity forces clarity.
2. Don’t Mention A Co-Worker’s Salary
It feels tempting to approach your employer about co-worker in similar position who is earning more than you. As tempting as this may be, avoid mentioning such when speaking with your boss about salary increase.
Workers earning are determined by a lot of factors. There will always be legitimate reasons why your co-worker earns more. Possibly he has an advanced degree, or perhaps he took additional courses to advance his skill set. On the other hand, maybe he is more experienced. Don’t immediately assume that your employer is giving you the short end of the stick.
To a certain extent, you could let you boss realized that you have been researching the going rate for your current position. You could go further to tell him the average salary for workers with your education and experience. This is a better approach, than bring up a co-worker’s salary.
Let your boss know that you feel that you’ve been doing a great job and would like to discuss increasing your salary.
3. Don’t Choose The Wrong Time
Timing is crucial in the corporate world. You should try finding the appropriate time to ask for salary increase.
It’s unethical to ask your employer for a raise out the blue, and certainly asking for salary increase during a meeting on an unrelated topic is a bad idea.
Upon the completion of your research, schedule an appointment to meet with your boss privately. Furthermore, it is crucial to prepare for this meeting by practicing responses. In all possibility, your boss will question why you want a salary increase. Your response to this question can determine the outcome of the meeting.
Another task you could carry out prior to this meeting is to compile a list of all your accomplishments during the last 12 months. When your boss questions your reasons for salary increase, be ready to run down this list and mention any other selling points. For example, you can mention any classes or courses you’ve recently taken, or any other career advancement programs you’ve undergone in recent times and if it’s been years since your last raise, bring this to your supervisor’s attention.
4. Don’t Whine About Your Personal Problems
Believe me, your boss have a lot of personal problems you could not think of, so, don’t bring your to the negotiating table.
It is a common problem to have debts to pay, or the house need complete repairs. Even if your spouse is laid off, don’t mention it.
These are all convincing reasons to negotiate a salary increase. Understand, however, that your personal problems are not your supervisor’s problems.
This will only bring him to have compassion or sympathize with your condition, but you shouldn’t expect him to automatically fix your problems by increasing your salary. And, this might not end well in the long run if you have a boss with a bad mouth.
You will not like it, when your personal problems or personal issues are use as reference in an office discussion. Believe me some bosses do.
Not that you shouldn’t ask for a higher salary, but keep the focus on your performance and do it professionally.
You could say, “In the past ___ months I’ve taken on several new responsibilities (list them), and I know that you were satisfied with many of my suggestions and changes.”
Wrap It Up!
According to a research by Mayo Clinic, getting paid your worth can improve job satisfaction. And if you’re already completing assignments outside your job description, why not take a chance and approach your boss? He just might comply with your request.
Over To You
So, what are the other advises, tips, strategies, techniques or methods that have worked for you when asking for salary increase? Please share with us in the comment below. Believe me; I sincerely value your opinion more than mine.
And don’t forget there is love in sharing!
See You At The Top!!!