If you want to serve in an organization for long , the time to ask for a raise will come eventually. Planning and preparation are essential when applying for a pay rise. Therefore, the time, compensation practices of your employer, and the rate of market-based remuneration for the work that you do : all play a crucial role.
First of all make yourself acquainted with the compensation practices of your employer. If current practice is to provide salary increases each year after an annual review, you may receive a ticket another time
If your organization has a knack of providing frequent increases, you're more likely to ask for a pay increase. Pin your ears back to your employer. If the employer announced that wage increases will be ten per cent in all areas, you're almost certainly not going to parley for more money.
Delve into the market remuneration rate for the work. Obtaining information has never been easier, but you want to take care of the projected line and salary calculators. They rarely take into account local market conditions, including the number of places available in your area. If you paid above the market rate of pay, negotiating a salary increase can be difficult.
Reading the employee handbook would do you a world of good. The manual can present the process by which salary augments are decided. If a policy or process exists, the shortest path to get a raise is to follow the process exactly.
Networking with other employees in similar jobs in similar industries to determine your competitive wages is also important , lest you find yourself stranded. Professional associations as salary surveys and networking opportunities with people in similar jobs are useful if indeed they are discrete.
Once you've done your research on salary measures above, you must have a good idea of ??how competitive your salary in your industry. Then see, your contributions work to determine how you will apply for a raise with your boss.
Or maybe you've decided that the salary is competitive. Ask yourself why you deserve a raise, because you need good information in support of the request for salary increase. Determine the theme of the calendar of meetings is to ask for a pay rise. Perhaps it is wiser to ask your boss what you need to do to get the salary increases and bonuses in the future, if you can not justify a higher salary now.
Make a list of goals you have accomplished for the company and determine how they have enabled the company to prance forward. Document cost savings, improved productivity, increased staff development, large projects, customer service above the call and how to pay more than his job requires. Documented, these achievements can justify a raise.
Set up a meeting with your immediate boss to discuss your salary. You will not want to besiege your boss. If the boss is unprepared to discuss an increase with you, nothing will happen at the meeting. Your boss will also want to do his research with the Human Resources staff and his own industry sources.