Many employees feel they aren’t paid their worth despite giving their best shot at the job. If you are one of them and have been mulling taking a leap and asking your boss for a pay hike, you may find this article helpful. It’s natural to feel anxious and even wary about approaching your manager to discuss a better paycheck, but there are several ways to go about it without hammering a nail in your foot:
- Set realistic expectations: This one is important. If your company is going through a rough patch such as suffering from the effects of recession, enforcing cutbacks, or tiding through a project that has surpassed the budget, postpone your plans of asking for a raise. It’s but natural for companies to not hike salaries during relatively difficult phases.
- Look back at your work history: Have you helped resolve issues, helped projects forge ahead toward completion, improvise on any processes or systems, or accomplished anything of significance of late? If so, make a list of your endeavors that are backed up by tangible proof, and memorize it so you can strengthen your case when you talk to your boss.
- Be ready to negotiate: Most superiors who are asked for a raise try to negotiate to go ahead with some of their terms and conditions. Try to remain flexible and ask for perks such as a company car, a change in designation, or an extended vacation if a monetary raise is not possible.
- Be presentable: This pertains to not just being physically presentable, but being verbally presentable as well. Remain positive, and make it a point to sound confident, but not arrogant. Tell yourself to remain composed and to thank your boss for his/her time regardless of the answer you will be given.
- Keep the discussion centered on your achievements: Many employees make the mistake of asking for a raise due to personal issues. This is not advisable, as it may be viewed as a sign of weakness.
Lastly, know that your boss has his/her own deadlines and work to deal with, so make it a point to grab the bull by the horns at the right time.