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Even so, if the business context is right and you’ve put in a stellar performance, why not? Good employers will want to keep their best people — if you are unhappy with your salary or feel you deserve more, they will want to know so they can at least consider addressing your concerns.
- Prepare — find out what similar jobs in your industry pay and prepare a list of reasons as to why your skills, experience and achievements merit a higher salary. Many companies benchmark salaries as a matter of course, but even if they don’t, a request is likely to yield a market comparison.
- Be objective — a solid, clearly laid out business case will be more persuasive than a personal one, especially if your manager has to submit your request to a more senior executive.
- Think like your boss – they will consider your request in light of specific things, such as
- The value of your current and future contributions.
- How unique your input is and whether your skills are easily replaced — would it be disruptive to the business if you left?
- The economy — can the business afford to give you a pay rise in the current climate?
- The value of your current and future contributions.
- Give your boss some time to consider your request. Don’t expect an on-the-spot response, but try to establish how long it will take to assess the merits of your request. Avoid ultimatums, such as threatening to leave — unless you’re willing to act upon them.
- Be prepared to negotiate. You may not get exactly the amount you want. Are you willing to accept a compromise, or are there other, non-monetary rewards that you might consider? If your boss says, ‘not this time’, find out what you need to do to get that rise next time — what extra work, training or responsibilities will you need to improve your pay grade? And how long will it be before your next salary review?
5 comments on "How to Ask for a Pay Rise (Even Now)"
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Commented by
varsha mishra, Analytical Chemistry Manager, rfrac
| 10 24 2008 17:36:35 +0000
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Prashant Gajjar, QA Engineer, Cybage Software Pvt Ltd.
| 10 24 2008 04:47:43 +0000
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Bhuneshwar Ram Tripathi, Head/VP/GM-Production/Manufacturing, Bhatia International Ltd.
| 10 22 2008 17:25:43 +0000
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Vinayarajan KV, Head/VP/GM-Sales Tech
| 10 22 2008 14:46:42 +0000
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Darpan Sinha, Solution Architect, Fujitsu Consulting India Pvt Ltd
| 10 22 2008 07:27:48 +0000
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