Everyone wants to be paid what they’re worth, which often entails negotiating for a raise at their current job. While wanting an increased salary is perfectly understandable, there are some definite dos and don’ts when it comes to asking for a raise. Here are some things to remember if you want to successfully obtain a raise from your employer.
What To Do
Successful and productive compensation discussions will only occur when you possess a solid idea of what you’re worth. Therefore, you must prepare sufficiently before you approach your boss about a raise. First, comprise a list of your most vital accomplishments and achievements. Next, consider the value of those accomplishments to both your employer and the job market at large. Now it is time to settle on a definite number representative of your worth. This process can be daunting and subjective, so it is often helpful to use a salary calculator to ascertain how much you should be paid.
During the discussion, enumerate your capabilities and point to your tenure with the Company. You must also focus on your future with your organization. Remember that you are an investment to your employer, and bosses are generally more willing to pay for an investment if they envision a long term return on an expenditure, which in this case is your increased wage! Therefore, plan on sticking around for a while and make sure your employer understands your intention to do so.
Additionally, make every effort to appear flexible during the discussion. Indicate that you may be open to other benefits and perks in lieu of a salary raise. Afterall, you may be eligible for some benefits that will make your life easier, even if it doesn’t entail a bigger paycheck. Sometimes it is necessary to play the long game. Remember what really matters is that your employer perceives you as valuable enough to warrant these additional perks and benefits. Consequently, it is likely that they will eventually see you as worthy of a higher salary.
Finally, be patient. You may not get what you want right away, but that only means that you have more chances to prove to your employer that you are worthy of a raise. Accept what is or isn’t offered to you respectfully, and ask again later after you’ve had more chances to prove your worth.
What Not To Do
One of the worst things you can do when asking for a raise is to appear angry or whiny if you don’t get your way initially. You must maintain professional composure and accept what happens, even if you don’t like it. You also shouldn’t surprise your boss about a raise; this is a discussion that requires an appointment and a more formal meeting. Finally, don’t be too pushy when it comes to asking for a raise. Persistence is okay, but pestering your boss about being paid more will just cause problems down the road.