The Four Steps In Asking For A Raise

March 16, 2018

Let's face it, you need to earn more money!  You haven't received a raise in a while or even a one-time bonus, you may take it upon yourself to ask for a rise.  However simply asking for more money is not the way to approach a raise request.  There’s formula to follow and experts say if you do this, the changes of you getting a raise is strong. You need to focus on the value you bring to the table as opposed to your own needs. Intro + Value + Price + Conclusion. By going in and demanding more money because you can't pay your bills or simply because you haven’t received a meaningful raise in a while are not legitimate reasons in the business world.  Remind your employer of your value in four easy steps. First, preface your request with a quick intro. Something like, “Thanks so much for agreeing to meet with me. I’ve been working here for 5 years. In that time, I’ve helped the company grow as I grow along with it.” Then, remind them of your value. List a few of your major recent accomplishments, which is why you should keep a list of those accomplishments for quick reference. "I helped the company bring in new business that helped us make over $50,000 in profit.   After you’ve established your value, name your price. What exactly are you asking for? For example, “I’d like my pay to match the growth I’ve had with this company, so I’d like to request a salary increase of $5,000 a year.” Finally, wrap it up. End on a high note and express your appreciation. Focus on bringing even more value. “I’m dedicated to helping this team grow even more in the future, so I appreciate your consideration.” Of course use your own words but rather than ask for money, prove our worth and chances are you’ll be rewarded with that raise!

SOURCE: Two Cents

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