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The Surefire Way To Getting A Pay Raise
If you are working for someone else, it is important to remember this fact: No one gives you a raise, you must earn it. You've got to prove you are worth the additional money you are asking for. And, you must do this in a professional, business-like, and diplomatic way. You do this by completing salary research and having the facts straight in terms of your worth and the additional value you bring to the table. This may mean that you are not ready to ask for a raise tomorrow. But, taking the extra time, preparation, and effort necessary to ensure that you are eligible for a raise is really the only way you are going to get one. Also, when asking for a raise, it is best to stick to business, rather than personal, reasons. It is not fair to your employer to ask for a raise "because Sally needs new braces" or "because you need to pay for Billy's trip to Europe next summer." Stick to the business facts of why you deserve the raise. Following is an effective three-step process to getting the raise you deserve. Step 1: Do your homework The surest way to not get a raise is to throw out some arbitrary or random number to the decision maker. You'll be better off to do some research on what the industry standard of pay is for your position. There are many salary calculators and web sites online such as the salary wizards at HotJobs.com, Monster.com, or Salary.com. Keep in mind, such calculators provide industry averages and may not be adjusted for the cost of living in your particular part of the country. The average salary for an accounting clerk in New York City, New York is going to be slightly higher than for the same position in Deer Lodge, Montana. Check with your company's compensation department on what the exact salary range is for your position. Most companies are obligated to provide this information to you on a confidential basis. With both of these pieces of data, the industry standard pay range and your company's specific pay range; you are now armed with fact-based information to proceed with your strategy. Step 2: Review your past performance appraisals Be realistic. In looking over your past performance, do you really merit a raise? Have you exceeded expectations on the job or merely met them? What, if anything, have you done to set yourself apart from the other people in your department? If you have been a constant top achiever and star performer, then by all means proceed directly to Step 3 and set up a meeting with your boss and ask for the raise. However, if your performance has been less than stellar, do the following before asking for the raise. a) Develop a great track record at work. For the next three months, put in as much extra effort as possible. Come in a little early, stay a little late. Cut your lunch hour by 15 minutes. Take on extra assignments. Do your absolute best. b) Meet with your boss. Let your boss know that you like your job but you are interested to know what you can do to earn more money. Modify your current performance plan (or create a new one) to document exactly what you need to do to earn a raise. Also set and document a time when the future review date and meeting will occur. c) Set goals and expectations. Make a plan for doing what your boss said was needed to make more money. Then do it. d) Document everything. Keep a record of your meetings with your boss - when you met, what you discussed, what you agreed on, etc. e) Record your accomplishments. As you meet (or exceed!) each goal, keep a record of specific activities such as the date you completed the goal, the steps you took to accomplish the goal, concrete dollar or time savings and increases in efficiency, etc. Step 3: Set up a review meeting with your boss Once you have successfully met each goal and expectation, meet with your boss again. Review what you agreed on, how you have successfully accomplished each goal, and determine exactly what the next steps will be to move you forward and to make more money. It is important to remember that no one owes you a pay raise or gives you a pay raise - you must earn a pay raise. By being professional, reasonable and fair; you will stand a much better chance in obtaining the pay raise you deserve. Dr. Dan Strakal has been an expert on the changing workplace, job transition, and career development for nearly 20 years. He acts as a trusted client advisor and consultant within the corporate sector, government agencies, civic organizations, small businesses, and educational institutions. He also provides business, executive and career consulting, coaching and workshops for individual clients and is the coauthor of and contributor to two books, Better Job Search in 3 Easy Steps and Better Job Skills in 3 Easy Steps. Dan is often called upon by the national and international media as an expert and has appeared in The Wall Street Journal, Self Magazine, SmartMoney.com, Computerworld, Diversity Inc. Magazine, Chief Information Officer (Australia's Magazine for Information Executives), the Radio America Program: News You Can Use, KBS Radio Canada and many other media outlets. He is on the Board of Directors of the Career Planning and Adult Development Network and is a Platinum Member of the Career Masters Institute. More info at http://www.capable-consulting.com
MORE RESOURCES: US Department of Labor releases new Job Corps Transparency Report U.S. Department of Labor (.gov) Careers at FEMA FEMA.gov Jobs and careers | Veterans Affairs VA.gov Home | Veterans Affairs What Jobs Can You Get With a Finance Degree? | Careers | U.S. News U.S. News & World Report Careers University of Northern Colorado Navigating Opportunity: Career Information and Mobility in Low-Wage Employment American Enterprise Institute Trying to “Bring Back” Manufacturing Jobs Is a Fool’s Errand Cato Institute Careers | Career Opportunities West Virginia University Careers City of Phoenix (.gov) Careers City of Ontario, California (.gov) Careers at Prairie View A&M University PVAMU Home Employment at WKU Western Kentucky University Employment Opportunities at National Headquarters The Salvation Army USA Careers at J&J Johnson & Johnson Careers Career Paths FEMA.gov Careers | Home USDA (.gov) Careers and Jobs at CRS Catholic Relief Services Employment Opportunities Alabama Department of Public Health (.gov) Careers UC Santa Cruz Work at Fairfield Fairfield University Careers - MDOT Maryland.gov Careers Fred Hutchinson Cancer Center Working for ICE ice.gov So, Why’d You Leave That Job? The New York Times Careers at USCIS USCIS (.gov) Employment Opportunities | Game Commission Commonwealth of Pennsylvania (.gov) Careers Johnson & Johnson Store Hourly Job Areas Target Corporation Careers at TWU Texas Woman's University Work for Us (U.S. National Park Service) National Park Service (.gov) Work at Butler Butler University Jobs and Training at FDA fda.gov Explore Store Careers Target Corporation Domestic/Civil Service careers.state.gov How to change careers at 40 The Telegraph Employment | Department of Corrections Commonwealth of Pennsylvania (.gov) Work With Us National Oceanic and Atmospheric Administration (.gov) Careers at University of Missouri Health Care | University of Missouri Health Care jobs University of Missouri Health Care Careers at Simon & Schuster SimonandSchuster.biz Water Services Careers City of Phoenix (.gov) Career Opportunities Gilead Sciences Jobs City of Rochester (.gov) Career Opportunities UMHB How to Apply FEMA.gov Careers at Willamette Willamette University Full-time jobs for students Johnson & Johnson Careers Careers BASF Jobs at Liberty University Liberty University Careers Washington State University Careers at the IOC Olympics.com Employment Services for PhD Mathematicians American Mathematical Society Early Talent programmes AstraZeneca Healthcare Jobs at Novant Health | Novant Health Novant Health Future of Jobs Report 2025: The jobs of the future – and the skills you need to get them The World Economic Forum Careers and Employment Willamette University NASA Careers: Pathways NASA (.gov) Student internships at J&J Johnson & Johnson Careers Business Wire Careers & Jobs Business Wire Our Hiring Process Target Corporation Careers The Ocean Cleanup The Best Jobs in America in 2025 Money/ US News U.S. adds 228K jobs in March amidst market volatility: How investors should read the numbers Chase Bank Corporate Job Areas - Marketing & Digital Target Corporation KPMG Careers KPMG UF Health Careers UF Health Careers Store Leadership Job Areas Target Corporation Finding Your New Career at the City of Phoenix City of Phoenix (.gov) Ready for your next great job? ADP Careers Careers West Virginia Department of Education Job search KPMG Are you retiring or retired and searching for job? Here’s a guide on finding job after retirement The Economic Times Careers at Union Union College Jobs for Veterans and transitioning military VA Careers (.gov) The Gen X Career Meltdown The New York Times DOE Report Shows Clean Energy Jobs Grew at More Than Twice the Rate of Overall U.S. Employment Department of Energy (.gov) Early Careers | Students & Recent Graduates | BCG Careers Boston Consulting Group Work for the City of St. Louis City of St. Louis, MO (.gov) Current opportunities Turner & Townsend Interview Guide and Tips Target Corporation Job Opportunities Bellevue School District Microsoft mulls more job cuts, this time focused on managers and non-coders, not just low performers, sources say Business Insider Job Seekers Illinois Human Resources Gender pay gap in U.S. has narrowed slightly over 2 decades Pew Research Center RESTORING ACCOUNTABILITY TO POLICY-INFLUENCING POSITIONS WITHIN THE FEDERAL WORKFORCE The White House (.gov) Experienced Professionals | Careers | BCG Boston Consulting Group Explore BCG locations around the world Boston Consulting Group Postdoctoral Research Los Alamos National Laboratory (.gov) |
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