How to Negotiate a Pay Raise | Asking Your Boss for More Money
How to Ask for a Raise
In the video above, woman share their own experiences asking for a raise while at 's.
I say to negotiate everything, from your cable bills to your medical bills to your credit card APR. And your salary is no different. But here's the thing about getting a raise: You have to ask for it! Know your worth and don't forget these five tips.
1. Leverage is everything.
The most surefire way to get your employer to pay you more is to find someone else who will pay you more. Even if you don't want to jump ship, look elsewhere to put a fire in your current captain's belly.
2. Timing is everything, too.
Set yourself up for success by finding a good time to approach your boss. The day after the company releases a dismal earnings report? Probably not the best time either. After you've received a stellar performance review or praise from a client?Greattime to make your move. Let your boss know that you want to speak with her "today at her convenience," which accommodates her busy schedule while putting a solid deadline on the conversation.
3. Gather your evidence.
Come prepared with specific examples of your stellar performance and positive feedback that you have received from colleagues and clients. You don't need an entire laundry list of the awesome things you've done at work, but a few key examples that demonstrate the qualities of a superb employee including professionalism, work ethic, creativity, and cooperation.
4. Put community first.
It's important to respect your relationship with your boss and coworkers. Think of yourself not as a single moving part, but as a valuable asset to the company at large. Demonstrate how your performance has positively impacted the company's performance. Finally, let your boss know that you respect her opinion by concluding with: "What do you think?"
5. Get creative.
Sure, a salary bump is the most typical method of raise, but there are lots of other ways to reward your performance, and some might be even more valuable to your current financial and personal situation. Perhaps it's a more robust healthcare package. Or you can ask for better stock options. Have a long commute or kids at home? Negotiate for one day per week of working from home. These things might not be monetary but they could even be more valuable to you as an overall part of your compensation package.
Video: How To Ask for a Raise -- Step By Step Advice
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