How to ask for a pay hike

1
TITLE
How to Ask For a Pay Hike?
2
We all like more money
We all like more money but you cannot simply ask
for a pay rise for that. You have to demonstrate
why you deserve a hike in the salary.
but you cannot simply ask for a pay rise for
that. You have to demonstrate why you deserve a
hike in the salary.
3
With more downsizing and short term contracts,
there is a climate of job insecurity and people
fear to ask for a pay rise. If you are happy in
your position, asking for a pay rise can be best
instead of changing job.
4
Before you ask,
research out what the market rates are. If the
equivalent businesses are paying the same money
for your role, it will be waste to work after
salary rise.
5
Convince your boss that you are worth a pay rise.
Present your achievements of the past years
clearly and in simple terms. Where possible,
present testimonials of clients.
6
Give the boss the reason that will justify your
increase.
Mention if you have brought financial benefits to
the company, helped in smooth running of
departments or introduced new ideas or working
practices.
7
Explain what you hope to achieve in the next few
months and how you can improve your work.
Do not make unrealistic promises.
8
It is not a good idea to say that you need the
extra money to purchase a house or a baby is on
the way.
You have to prove that you deserve the pay rise.
9
Make sure managers and directors know who you are
and are aware of your good work.
But dont over do it.
10
Do not threaten to walk out of the company if
your appeal is turned down.
If possible agree how you intend to take things
forward and set a time for pay review in the
future.
11
(No Transcript)