Is it Okay to Ask Your Boss for A Raise?
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Transcript of Is it Okay to Ask Your Boss for A Raise?
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Is it Okay to Ask YourBoss for A Raise?
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The art of asking for a raise is a delicate one that has been studied by both workers and experts for generations.
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Whether, in fact, it’s okay to ask your boss for a raise depends on a number of factors, and these matters can help, or hurt, your odds of success in achieving your goal.
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Timing is Everything
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Understanding the importance of timing your request for more money is paramount to getting your raise.
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When salary freezes are in effect, employees should understand that this means the company is making fiscal adjustments that can be critical for the future.
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Even in normal times, raises are generally doled out once a year.
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Positions such as financial advisor or other levels that are time or tax sensitive levels may receive compensation at, or after, the end of the year.
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Start making your request known two or three months before the scheduled review. Unless there is some extraordinary circumstance that will favor your request for a raise, you should time your request to dovetail with the company’s timetable for financial matters.
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Know Your Strengths
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Before approaching your boss for a raise, you should have set the groundwork for making a case for an increased salary.
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Make note of your contributions to key projects or additional hours you have worked to advance the company’s stated goals.
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Your boss may not always be aware of your dedication to these projects.
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It’s your task to ensure that he or she is aware how valuable your contribution has been.
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Don’t be afraid to sing your own praises so that the boss knows the details of your accomplishments with the company.
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Be Realistic in Your Expectations
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Experts recommend knowing what you want and ensuring that it is a realistic request given the nature of your work, as well as the current financial position of the company.
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If you have only been at the company for a short time, have recently had to take a leave from your duties or have not otherwise provided significant value for the company, you will have a difficult time making an acceptable case for a raise.
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Instead, re-double your efforts make your work contributions noticed, in preparation for a salary increase in the future.
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It’s also important to make yourself aware of the traditional rate of increase in the company, and don’t go too far overboard in asking for more.
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If Refused, Find Out What You Can Do Improve Your Odds
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Rejection can be hard to take, especially if you feel you have been giving your all to your job over the past year.
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A “no” answer right now doesn’t necessarily mean a “no” answer forever. Pay increases are most frequently based on merit, and you can use this fact to help your chances in the future.
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Don’t be afraid to ask your boss what it would take to increase your odds of a wage increase in the future. Express your willingness to take on additional projects to help make your case in the future.
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This enthusiasm for your job will help you to get a more favorable response at another time.
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Planning to apply for a new job?
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Speak with the experienced financial advisor recruiters of Willis Consulting Inc.
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They can help you land the position you want.
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See our open positions at
www.willis-consulting.com
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Willis Consulting, Inc.
Los Angeles Office: Corporate Headquarters719 Yarmouth Road, Suite 203Palos Verdes Estates, CA 90274310-373-7400 PST
Scottsdale Office8970 E Raintree DriveSuite #300Scottsdale AZ 85260
New York Office244 5th Avenue, Suite 1855New York NY 10001212-726-2041 PST