So you have gotten to that stage where you feel you need a raise in Salary especially with the bills piling up. Asking for an increase in your pay can be very scary, but if you go about it the right way, it does not have to be scary. There are things you must do before you approach your boss for pay raise and be careful to use the right words so as not to say or do the wrong thing. There are three stages outlined below. Each stage contains several steps that you should take.
STAGE 1- RESEARCH
1. Familiarise yourself with your employers pay practice. If the standard practice is to increase salary once a year, you might not receive an increase any other time. On the contrary, if your company offers more frequent increases, then your chances of asking are higher.
2. Research the market pay rates for your job. Your can check online.
3. Read your employee’s hand book. If there are policies to get a pay raise, follow the policies.
4. Network with other employees in similar jobs in similar industries to determine your salary competitiveness.
After you have done all these, you can inquire from your boss what you need to do to qualify for a pay raise. Then you follow the steps in the second stage
STAGE 2- MAKE A LIST
1. Make a list of goals you have accomplished for the company.
2. Make a list of additional responsibilities you have added to your job.
2. Set a salary increase goal on your mind that rewards the contributions and responsibilities you have listed.
STAGE 3- NEGOTIATE
1. Note that a successful negotiation of salary raise is based on merit and accomplishment
2. Be straight forward with your supervisor in tendering your request for salary increase.
3. Tell your boss the pay you would like to receive.
4. If your boss tells you he cannot increase your salary currently, ask what you need to do to make yourself eligible as soon as the raises are available.
5. Never threaten to quit if you do not receive a pay raise. It is counter productive and unprofessional.
Follow the steps above, they would help build your confidence. and approaching your boss for an increase in salary would no longer appear scary
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