In a long enough time-line, you’ll want to be rewarded for the effort and value you bring to your job. More often than not, you’re going to want a pay raise. A pay raise will help your overall income but also reaffirm your value with the company.
The following article will tell you how to effectively ask (and get!) a pay raise from your job.
* Prepare your meeting *
When asking for a pay-raise, you’ll want to avoid simply catching your boss as he’s working or just passing by. Asking for a raise is a big deal and will need personal face-to-face with your employer to get the most out of it.
You will want to set up a meeting at one point or another. Use the following tips when preparing yourself.
1. Tell your boss well in advance you’d like to talk with them.
2. Prepare documents which you’ll use to help reinforce your statements: average pay rates, your employee value, milestones and accomplishments you’ve completed.
3. Work extra hard before the day of the meeting to show that you’re making a true effort to benefit the business.
* Speak with confidence and back statements with fact *
On the day of the meeting, have everything you’ll want to show your boss ready and organized. Mentally prepare yourself for the meeting by taking a few minutes to cool off, go over what you’d like to say and collect your ideas.
At the time of your meeting, always keep a clear and concise voice and back each one of your statements with fact (which is why you’ve compiled the previous documents).
Here are a few guidelines while talking:
1. Tell them what you want to tell them.
2. Tell your employer why you’re asking for the raise
3. Confirm all of the valued you’d added to the company
4. Tell your employer the common pay structure in other industries and professionals in your field.
5. Thank them for the opportunity to speak – make sure to keep it business related but show that you’re human.
* Ask for a reasonable pay raise *
Now comes the all important part: asking for the raise.
During your meeting, as described in the previous section, you’ll want to affirm all of the value and impact you’ve created within the company.
Tell them why you’re asking for a raise and what benefit you’ll receive from it. Likewise, tell them why you deserve a raise for your hard work.
Keep eye contact at all times, speak in facts and don’t let emotions flare – you’ll want to be cool, calm, collected and business focused.
Additionally, tell them how you believe a raise will help them strive even greater than before and the new ideas you plan to bring to the business.
* Conclude the meeting *
After it’s all over, if your meeting to get a pay raise was successful, thank them for their time and decision.
As you wrap up, give a firm hand-shake and tell them again what happened during the meeting to reaffirm the decision. Smile and continue with your work day knowing you just successfully negotiated a pay raise – good job!