There are better and worse times to ask for a pay increase – here are the three best times to do it, and scripts to help you through that process!
Say hello to your new job with these tips.
Year-end is a great time to ask for more money. These latter months are when budgets are finalized for next year, so get your request in before all the new money is spent. Here is a five-step process to ask for a bonus or a raise:
1. Decide between a bonus or a raise. Make a choice based on what the company is more likely to agree to.
2. Pick your main argument. You always need to be able to point to results you contribute.
3. Plan for objections. Once you’ve picked your main argument or arguments, brainstorm why your boss will still say no.
4. Schedule the ideal time. It’s already November so you have to get on the calendar quickly, but pick the right time of day if you have a choice.
5. Keep asking. You will probably not get a definitive answer after one request. Your goal for the first meeting is to get your boss to verbally agree or to advocate for you in future discussions.
Here are some ways to raise your visibility at work and expand your career:
1) Look carefully at what your department does—or in some cases, what the company does—and identify problems that others haven’t.
2) Tackle a problem no one else wants to tackle.
3) Ask to be assigned to high-visibility projects.
4) Choose an area to build your expertise.
5) Always be asking, “Can this be done better by changing something—even slightly?”
6) Finally, think strategically no matter what your job title.
Here are the steps:
1) Review your current job description.
2) If you, like most employees over the past four years, have taken on new duties, make a list of them.
3) Update your job description for your own use.
4) Go to a site like Glassdoor.com or seek information from others in your industry to re characterize what it is you’re actually doing. Is your current job title really reflective of those duties?
1) Don’t obliviously make your request during budget cuts.
2) Don’t ask when you haven’t been performing at your best or exceeding expectations.
3) Don’t ask when your boss has an overloaded plate.
5) Don’t bring up your personal life.
6) Don’t act entitled to the raise.
8) Don’t throw out your target number.
9) Don’t use a counteroffer when you’re not actually prepared to leave.
10) Not handling rejection well.
The bottom line is, throughout your negotiation, you want to keep things positive.
Summer’s officially over, and it’s time to start thinking about what you can do to end the year with the strongest possible record. If you’re searching for a new job or working towards a raise or a promotion at your current position, hitting pause for the fourth quarter is a big mistake.
Job postings are growing way faster than hires in restaurants and hotels. With time, this might lead to pay raises for an industry known for its low wages.
Check it out: http://n.pr/1neDvjS
On Monday, the USDA published a report showing that a middle-income American family spent, on average, $245,340 to raise a child in 2013 — not including the cost of college.
According to the report, that figure marks a 1.8 percent increase from 2012, and a much higher increase from…
The interim president of a historically black college in Kentucky is giving up a quarter of his salary so that 24 low-wage workers can get a raise.
Forget about sucking up. When it comes to asking your boss for more money, all you need is good timing and the right preparation.
1) Make a list of your specific accomplishments
2) Find out how your salary compares
3) Consider negotiating benefits and perks
4) Time your pitch right
5) Broach the topic professionally
“The best way to close the gender pay gap is to make salaries public.”
“Secrecy about pay is bad for women, who are worse at asking for raises than men are.”
Bonus:
The New York Times: Tips For Women on How to Ask For A Raise
