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How difficult it is to resist temptation to buy a fringe item from a store, just to save $5? It’s hard, when you feel thirsty while you’re standing in front a cold soft drink. It’s hard to resist. For me particularly resisting a bar of snickers is too much. Well, the point is, you work too hard to save a few dollar. You deprive yourself to save such paltry amount. When it comes to asking for a raise, more than 70% of employees simply don’t ask for raise. They are afraid of making this simple request to their bosses. The best and smallest answer to getting raise is – ask you boss for a raise.
When it comes to saving money we go all out and try everything we can, well, most of us. Then why not at the time of your performance review? Salary can only be increased to satisfactory level when you ask for it. Ask for a salary increase at the time of year-end appraisal, ask for a bigger pay check when you switch your job.
Here’s my story in last 4 years. A story about my raises and how I got that salary increment.
Almost half of work force is not happy at current work. still I don’t read news about workers protesting about their salary, except the minimum wage earners.
Why so?
Firstly, we are reluctant to discuss salary, even with our bosses. Secondly, we fear of getting sacked asking for it.
(SEE ALSO – 101 Ways to be successful at work)
When to know if you should ask for a raise? Here’s a good article. Whatever be your situation, there must be some way to work smarter and/or harder. Start doing it that way and then ask for a raise. No one can fire you if you do. Let your boss think you’re the best one around.
Enjoy my story of 4 years of continuous salary increment
I am not bragging about myself here. I hope by reading this article you get an idea and an inspiration to implement some of the methods I applied, and, get that well-deserved raise.
How I got raise in 2012
I got overall raise of 8% in 2012 after my performance appraisal
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(Also Read – How to increase productivity)
How I got raise in 2013
I got overall raise of 9.5% in 2013 with 5% coming mid-year. 2012 was the best year for my career so far in term of salary increment
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(Related – 10 tips to increase concentration at work)
How I got raise in 2014
I got overall raise of 3.5% in 2014. Not much but I am not complaining. 2013 was not a good year for our department. had a few too many outages in production environment. Unfortunately I am not in production support to help out but we all took the hit. I asked for raise but turned away politely for valid reasons.
I read this article, and tried to do everything possible, but nothing worked. Still I managed to secure a raise while other got 1 – 2% on average salary increment.
Next year I am planning to jump across department to get more salary.
Getting a raise by moving
It could be an internal move or moving out to a new employer.
Over the year I have learned that in career, to go up, you need to be at right place at right time. Till you realize that, you need to move on. Unless there’s some other ties that hold you up.
The bigger benefit of job hopping ( not too frequently though) is getting more and more salary with every move. And to be at right place at right time, you need to be always ready.
Work hard, work honestly, work intelligently and ask for raise. Do leave your comments. Readers. are you inspired? Do let us know about your tips and plans.
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I agree with your Ask for a raise, increase your salary, Earn More, good post.
I’m going to ask my boss for a raise tomorrow!
let me know how it goes 🙂
Look at it from the business owner’s perspective. They:
–>want to reduce costs and increase revenue;
–>know that employees are the biggest expense to their company;
–>want to keep productive employees who add value to the company.
So, no matter what the economy is like, when asking for a raise, you need to ALWAYS demonstrate your value to the company, and talk directly about that value.
Like the article said, don’t worry about what others make; likewise, personal reasons for wanting more money are irrelevant. The only thing to focus on is the value you provide to the company.
Maybe you’ve reduced costs, or increased revenue, or lowered employee turnover, or expanded a product line, or expanded sales into new markets. Whatever you’ve done, talk about it specifically. Think like a business owner. Ask yourself: if you were the owner, why should you pay this person (yourself) more?
Now that you’ve laid out the reasons WHY you should be paid more, you can talk about HOW MUCH you think you should be paid.
Some people think that whoever gives out the first negotiating number loses; I disagree. Instead, YOU should be the one to set the salary anchor (the “anchor” is the number around which the negotiation takes place), and make that number significantly more than your currently salary, but justified by your value to the company. Maybe a 40% increase is warranted, so ask for 50% (since it’ll likely be negotiated down). Whatever the number, say it matter-of-factly, and don’t blink. You’ve laid out your case and you know your value. Don’t be emotional. Practice your meeting with a friend or spouse.
Back when I had a corporate job, I did this, and boosted my salary about 25%, when the typical salary increases at the company were 2%-4%.
People are often reluctant to ask for more–especially if it’s a big jump in salary. That reluctance boils down to not valuing yourself; it’s fairly common, creeps into other situations and life choices, and can be extremely limiting. I talk more about it and how to overcome it on my blog (www.StartMyConsultingBusiness.com)
Greg Miliates
http://www.StartMyConsultingBusiness.com
Yea, it is like pulling teeth from a bull.
Well, you need tame the bull first with your skills
Great article. Something that a lot of people don;t think about it that if you work hard and you have a good relationship with your manager than you really don’t have much to lose. If you have a good boss they are going to try and help you out. You just need to ask.
Hmm іt seems like your pay has really gone up. What is your position at current job?
No not much. I am a lead architect come technical project manager. A dual role that I am playing here.
Now this is some great tips for employees like. Salary increase is also a motivation for me to work hard.
I was expecting an appraisal in my salary. It was my first time, I did not know how to prepare for the review meeting. After reading this blog, I got some essential pointers on how to prepare and negotiate my salary hike. Thanks a lot!
Nice Article. Thank you