How to Negotiate a Raise….

 

So is there a right or wrong way to ask for a raise?

Well to be perfectly honest, I’m not the most rational thinker when it comes to this very delicate situation, and have never personally gone forth and requested a raise let alone negotiated one, but I’m pretty sure my method of blurting everything out in an email to my CEO, closing my eyes while I press send and then cringing until I receive a response is not the best way to go, for one it reeks havoc on your nerves and in some cases provokes sleepless nights and comfort eating.

The one thing I am positive about is this has to be one of the most awkward and uncomfortable situations you can find yourself in at the work place, so I started by finding some useful don’ts to get you on to the fast track to negotiating a salary increase.

Timing
Now get this right!
If your company is meeting targets, profit margin is looking good, expansion is viable, then by all means go and

 

“Risk it for the Biscuit”!

 

But…..If the talk around the water cooler is retrenchment letters have just gone out and there has been a mail sent out about saving on water and toilet paper then maybe, now is not a good time.

Finances
So you’ve decided to buy a house or a new car, or you are now unexpectedly expecting twins….
while this is all very exciting news and I’m sure your boss will be happy you are experiencing any one of these fun filled events… ultimately they have no bearing on whether or not you deserve an increase!

No Guilt Trips
So while trips are fun and we all like going on them, Guilt is not a trip anyone enjoys, so trying to send your boss on one is never a good idea!
And yes I understand divorces are expensive, your spouse losing his or her job is tough and having your 10yr old cat named Whiskers in and out of the vet is heart breaking…..
Once again this is not your bosses troubles, hardship doesn’t warrant an increase, that would be saying that your colleague who’s in a stable relationship, who’s partner is a top earner and who has no pets and who is ultimately a better employee doesn’t deserve an increase as much as you.

Increases are earned and are not handouts!

I’m sure most can agree that the above mentioned circumstances are generally the reason we start scrambling for more cash, so if you can now eliminate these reasons and you actually deserve an increase then go for it.

I suggest speaking to your HR manager first, find out if the timing is right, if it is then be professional with your approach, send an email requesting a meeting to discuss a revision of your salary.

In the meeting, look presentable, speak confidently and directly, have your ducks in a row, have a list of what you are putting into your current position, this would be great if it’s over and above what you were originally being paid for, whether it’s a case of targets being reached and blown out of the water, or overtime you constantly putting in without request or complaint.

If you feel you are truly not paid for your full worth, then sell it!

However, If your company is one that is good at recognizing your achievements and who compensates reasonably in the form of an increase on a yearly basis, then my personal advice would be to sit tight and have faith that once again you will receive the increase you so deserve!

But whatever you decide to do, I wish you all the luck ….. And let’s hope hard work is the winner in the end and you get what you are worth 🙂