Do you feel like it’s time that you get what you deserve after months of long hours in the office? Asking for a raise can be an intimidating situation, especially for women, which is why we make the mistake of “showing” our employers how much work we do while hoping that they notice. Instead, show them just how much you’re worth by asking for a raise. Here are a few ways to do just that!
1. Research
Before you propose a raise for the effort you’ve made in your company, it’s important that you do your homework and research the company’s financial background if it is fit to give out rises and how the company measures one’s worth to determine if an employee deserves a raise. Also look into the typical salaries in your field and position, therefore you can strategize a reasonable quote.
2. Present Your Case
After you’ve done the research, compile and prepare all documentation that shows your employer how much you’ve done for the company, to show them what you’re worth. If you’re known for working late almost everyday, provide your employer with a time-sheet. The objective of this activity is to show you employer what a good investment you are in the company and to keep you well-compensated.
3. Compromise
A raise doesn’t have to mean to an increase in the numbers of your pay cheque, but if the company’s financial situation is a little down, settle for other benefits instead such as the use of a company vehicle, medical benefits for the family, or even an extended time off. This would all depend on the company’s situation and policies, so don’t forget to look into the details prior to the meeting.
4. Maximize Your Value
Employers are willing to pay their employees more if they’re able to bring more to the table or else they would have to hire someone else to handle something. Increase your worth by looking out for fast and low-cost training courses that will boost your earning power. Specialist schools, colleges or even the internet may be able to offer courses that will give you more skills.
5. Devise a Back-up Plan
Before you speak to your boss about the raise you want, think about what you plan to do if you end up with a ‘no’ or an offer much smaller than what you requested. Will you quit your job and look for another? Or do you intend to wait and ask for another raise later?
If your boss denies your request, consider asking them why or if it’s an issue with finance, will your employer expect the situation to change. Find out more about this while you have that quiet time with your employer to discuss this further.
