How to ask for a pay hike

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How to ask for a pay hike

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How to ask for a pay hike

  1. 1. TITLE How to Ask For A PAy Hike?
  2. 2. Wealllikemoremoneybutyoucannotsimplyaskforapayriseforthat.Youhavetodemonstratewhyyoudeserveahikeinthesalary. Wealllikemoremoney butyoucannotsimplyaskforapayriseforthat.Youhavetodemonstratewhyyoudeserveahike inthesalary.
  3. 3. Withmoredownsizingandshorttermcontracts, thereisaclimateofjobinsecurityandpeoplefeartoaskforapayrise.Ifyouarehappyinyourposition,asking forapayrisecanbebestinsteadofchangingjob.
  4. 4. researchoutwhatthemarketratesare.Iftheequivalentbusinessesarepayingthesamemoneyforyourrole,it willbewastetoworkaftersalaryrise. Beforeyouask,
  5. 5. Presentyourachievementsofthepastyearsclearlyandinsimpleterms.Wherepossible,presenttestimonialsofclients. Convinceyourbossthatyouareworthapayrise.
  6. 6. Mentionifyouhavebroughtfinancialbenefitstothecompany,helpedinsmoothrunningofdepartmentsorintroducednewideasorworking practices. Givethebossthereasonthat willjustifyyourincrease.
  7. 7. Donotmakeunrealisticpromises. Explainwhatyouhopetoachieveinthenextfewmonthsandhowyoucanimproveyourwork.
  8. 8. Youhavetoprovethatyoudeservethepayrise. Itisnotagoodideatosaythatyouneedtheextramoneytopurchaseahouseorababyisontheway.
  9. 9. Butdon’toverdoit. Makesuremanagersanddirectorsknowwhoyouareandareawareofyourgoodwork.
  10. 10. Ifpossibleagreehowyouintendtotakethingsforwardandsetatimeforpayreviewinthe future. Donotthreatentowalkoutofthecompanyifyourappealisturneddown.

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