Do you feel like your work is a bit overwhelming, but you are underpaid? Every employee understand that they have to perform well, and the raise might follow. But some companies are not good at employee retention. Of course, most companies don’t want to hand out money only for its employees. It is normal for them if employees come and go, yet the factor is only about low salary.
It might be tempting to just secretly looking for a new job with better pay. However, you enjoy working there, apart from being underpaid. You are not so sure that you are going to love the next company you are working for as much as this one. You bonded well with your colleagues, and you like the company’s work environment as well. But, your salary is just ridiculous.
Here is how to get your well-deserved raise:
1. Research first
Is your salary really low based on your position in the office? Let’s be realistic for a while. Do some researches on the pay-information sites. Check whether your current salary is below the standard. For more information, discuss earnings with your colleagues, especially those people in similar positions. But the latter tip may be confidential for some.
However, research is absolutely necessary, as it can help you determine how much a raise is reasonable to request. You must know the exact number that you will ask for a raise. Plus, you have to be sure that the number is a fair amount of money to ask for.
2. Pitch your raise proposal, privately
You can’t just go straight to the boss room, and ask for a raise. There is an unwritten manner about it. At least, schedule a meeting for you and your boss to talk about your ‘career growth’. It will not leave your boss confused with your sudden raise proposal.
When the meeting occurs, you need to strengthen your pitch. Tell the case of why you should be an exception in the company to get a raise at this moment. Focus on explaining the results you have achieved for the company.
A good pitch is mostly research-based. Your boss should understand how valuable you are, but it is not a self-acclaimed one. Also, no need to threaten your boss that you will leave the company if you don’t get the salary that you deserve.
If you are not sure about your pitch, you can always practise first with a friend who can be a tough negotiator. That way, your pitch and negotiation are going to be better.
3. Dig other perks and benefits
It might be the time of high turnover, or your company is not doing very well at the moment. But you can always ask for other options, such as incentive compensation, stock options, education benefits. Even more personal days and extra vacation days are attractive. Just ask for it.
A well-deserved raise also needs a right approach to your boss. No bad timing as well. It also depends on your contributions to the company. Showcase your accomplishments, and if those are not good enough, maybe you need to step up your game to get a raise.