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Five tips for getting a raise


Five tips for getting a raise

Stephen Smith was more inclined not to ask his manager for a raise, but the social media coordinator for Logos Bible Software recently decided to go for it anyway.


"I knew Torrey Smith Jersey I was being underpaid and needed to take care of it," said Smith, 25. He chose to talk to his boss about a raise during a conversation about another work related matter and resolved that his best approach was to "just be honest."


"I told them I had another job offer and I asked, 'What am I worth to this Anquan Boldin 49ers Jersey company?'" Smith said. He pointed out all he was Anquan Boldin Jersey producing in his job, including a recent deal that helped generate substantial revenues, and he ended up getting a big double digit raise.


Asking for a raise is one of the most difficult things an employee has to do, and given several years of economic woes many workers are glad to put it Reggie Bush 49ers Jersey off. But now could be the best time to shake off your recessionary stupor and ask for what you deserve.


A study by the Society for Human Resources Management that polled employers in the fall of last year found that 25 percent planned to freeze wages in the next six Authentic Torrey Smith Jersey months, compared to 37 percent in 2009. And a recent Towers Watson survey reported that companies plan to pay 3 percent merit pay increases this year, the largest increase since before the financial crisis.


Clearly, corporate wallets are opening up. Indeed, a Torrey Smith 49ers Jersey recent Wall Street Journal report found that the pay of CEOs at major corporations is up 11 percent.


It's time to get your share. But asking for a raise can be a dicey undertaking. Here are five tips to help you through the process:


If your company has just filed for bankruptcy, it's probably not a great time to ask for a raise. But if your company is doing well, there's no better time to ask for more money.


"The best time to ask for a raise is shortly after an accomplishment," said Lauren Herring, president of Impact Group, a career management firm. "Most employees wait for a review period, but the best time to do it is right after you do something really great, or right after you get kudos."


And don't underestimate the importance of a good state of mind.


"The manager should be in a position to be interested in, and prepared to, provide you with a raise," said Lynda Zugec, managing director of The Workforce Consultants "Catching him or her in a good mood can only prove helpful to your efforts as well."


Another factor to consider is whether hiring is going on and how easy it is to find employees like you.


"One indicator that you might be in a good negotiating position is if your current employer is finding it challenging to hire other people to work on your immediate team," advised Ian Ide, a partner with staffing firm Winter, Wyman's New York technology unit.


2. What are you worth?


There's nothing worse than going into a negotiation without knowing what you want. Authentic Reggie Bush Jersey It undermines your request for more money, and it can undermine your courage.


"Confidence is key," noted Tamryn Hennessy, national director of career development for Rasmussen College. "A frugal manager can smell weakness, so it's important that you come in prepared for anything. You can accomplish [your aims] by doing your research.


Robert Stack, president and CEO of Community Options, an advocacy group for the disabled, had an employee come in and offer him this proposal:


"I propose that you increase my pay and give me less responsibility."


Stack told him he was ridiculous, and that "added responsibility comes with greater pay." The employee didn't get a raise and the request hurt his reputation.


In another scenario that worked out better, a human resource employee came to Stack and made a case for her raise by pointing out that she was able to Authentic Anquan Boldin Jersey reduce workers compensation claims through better safety and better reporting measures.


"I gave her a significant increase," Stack said.


3. Sing your praises


The biggest mistake employees make is not keeping managers abreast of how they're contributing to the company.


It's OK to send a memo to your managers telling them what you've accomplished, said Susan Gallagher, chief operating officer of True Partners Consulting, a tax advisory group. She said Reggie Bush Jersey the company refers to them as "hero memos."


"You have to communicate your contributions," she continued, adding that women in particular have a hard time being vocal when it comes to their successes at work.


And be specific.


"He pointed out the number of clients he had gained since joining the company, by far the highest among those who were recently hired," he added. "He also had been very helpful with administrative tasks in the office, always looking to lend a hand to whatever project needed to get done."


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