With the economy rebounding and most companies reducing salary freezes, many employees are considering asking for a raise from their manager or supervisor. However, the trepidation and continued uncertainty in the job market can make people reconsider asking for wage increases they so rightly deserve. From an HR pro, here are a few things to think about before you ask for a raise.
Timing is Everything
You’re not going to get a raise in the middle of cutbacks or budget freezes. Keep your finger on the pulse of your company and if the company’s financial information is privileged, consider asking your boss or supervisor about the company’s performance if you don’t already know. Furthermore, investigating some of the company’s progress in the industry and its accomplishments may give you additional insight and arm you with facts when it comes time to negotiate.
Phrase Your Request Carefully
Asking flat-out for a raise isn’t usually the best way to go. Instead, frame your request for a raise in the context of your job performance and your knowledge of the company’s financial situation, as well as the industry standard for your position with your experience and contribution. It also helps to have a little insight into how much your superiors value your contribution to the company, so don’t be afraid to leverage that during negotiations.
Don’t Be Dejected
There’s always a chance your manager will reject your raise proposal. If that’s the case, ask what you can do to improve your job performance in the future and how you can contribute to the company’s future growth. If management has goals in place that must be accomplished before raises will be considered, ask about the details and how you fit into that strategy.
For all your small business human resource needs and advice, contact the team at Reverb today!
