In this new article you’ll learn how to negotiate a salary increase.
Applying for a raise does not always have to end in disaster. Proper preparation, timing and a bit of luck can make your actions in company they will increase, and the commitment will translate into more money.
How To Negotiate Salary Increase With Boss?
1. Proper preparation.
Before you decide to go to your supervisor with a request for a raise, you must plan your strategy well. Appropriate preparation will certainly work in your favor, and you will give the boss to understand that the matter is important and needs consideration.
2. Be honest.
Look at yourself in the mirror and honestly answer if you really deserve a raise? If you have any doubts, your boss will definitely have them.
3. Get to know your boss.
Develop your boss enough to find the best method to reach him. It may be beneficial to talk to your colleagues who have already succeeded in this field. Think about what to mention and what to avoid. The timing is also of key importance: wait with a request for a raise until the boss is satisfied with the company’s performance, ideally in relation to the design of your authorship. If you have achieved more than you expected, your supervisor will look more favorably at your request.
4. Pay attention to the company’s situation.
Employees should be aware of the financial condition of both the entire company and the department in which they work. Has the manager recently complained about budget cuts? Can the company really afford to give you a raise now? How often do you accept increases in the company? How high are they? Does the company give employees Christmas bonuses? Find out the answers to these questions before you start working. The question about the increase can not be stressful for the company. Do not suggest a raise when the company is in crisis!
5. Discover the market.
What is the rate for employees with your skills? Find out how many employees earn similar to your positions. If you receive a wage in line with the current market price, the boss will probably tell you that your demands are unfounded.
6. Make an appointment.
In many companies the pre-Christmas period is particularly chaotic. Do not try to “throw” the raise proposal, because you only annoy the boss and the probability of success will decrease. Make an appointment with the employer (in person or in writing). The preferred time is the morning hours or immediately after lunch, before the various commitments that can thwart the meeting are not settled.
7. Plan the course of the meeting.
You should have a well-designed meeting plan. Do not waste your boss’s time by coming unprepared. Prepare the speech you want to make.
Many employers are very helpful and do not get angry when asked to raise them. Lead a conversation with respect but without fear.
9. Give up the hostile attitude.
Never present your request as a request or threat. Instead, take a positive, friendly attitude that will show you how much you like your work.
10. Present facts.
Prepare a document that presents a list of your most important achievements. Provide specific examples of your work that go beyond your job responsibilities. Compare the status before and after completing tasks. Discuss the issue of the remuneration of other employees who have the same responsibilities. Describe the skills that are necessary for the company. Describe what goals can help the company you want to achieve in the future.
11. Speak directly.
Have a certain amount of the raise you want to receive. Be honest: do not give too much money thinking that you will have to bargain. Do not take out personal matters (eg “My husband just lost his job” etc.). A better result can be achieved by referring to public facts, eg “The cost of living has increased by 10% in the last year”, “prices of electricity and gas have risen this month”. If you decide to do so, have a confirmation for your theses.
Over half of the employees asking for a raise are successful. However, be prepared for the various reactions of your employer.
13. Be flexible.
If the boss rejects your request by covering up with a lack of funds, propose an alternative other than monetary. This will make the employer feel that he or she has a choice and may be more willing to offer additional insurance, a few holiday leave days or other non-monetary equivalent.
14. Be persistent.
If the boss responds with a short “No”, accept his opinion and ask about specific reasons for the decision. Do not discuss. Write down his arguments, promise to work on them and say that you appreciate his honesty.
If you get a raise, express your gratitude. In such a moment the quickest and most sincere “thank you” is the most common. Go one step further. Again, change your goals for the future, assure your employer that you will work harder than before. Even if you can not get a raise, thank you. Tell the manager that you appreciate his honesty, thank him that he has found time for you and promise that you will try to work more intensively in the next quarter.