If your paycheck doesn’t reflect the extra effort you’ve been expending, it may be time to take actions into your own hands.
Most organizations expect to pay workers a fare compensation, so if the reward for your hard work hasn’t been presented, ask for it. But, how do you go about asking for a raise? Here are a few suggestions for what to do, and what not to do.
Pay Raise Checklist
1. Do Your Research
Know what you’re worth. Pay rates for a given job can vary by region, type of company and the skill level of workers. Find out what your counterparts are making by reading online salary survey reports from websites like cbsalary.com. Knowing the range of salaries and where you currently stand will help determine how much extra pay to ask for. Take the time to understand your company’s salary or promotion rules. Is there a waiting period for salary increases? Who has the power to make decisions regarding salaries? Does everyone in your salary grade earn the same raise? Use this information as justification for increasing your pay.
2. Build Your Case
The fact that you deserve a raise should not come as a shock to your boss. He should already see you working hard, overachieving and taking greater responsibility within the company. This is not the time to be modest. List your accomplishments and relate them to continued progression. Show that you are committed to continuing to delivering a high level of performance.