How to get a raise during the Credit Crunch
In these trying economic times, asking for a raise might seem like career kamikaze, however if you do your research and plan effectively you can find the best way to ask for one.
Ask your boss for a review meeting, this way you’re in control of setting the agenda. Research the employment market, find out what salaries are being offered for your level of expertise. You need to have the facts and figures to show you know what you’re worth.
Look back on your accomplishments from the year, the goals you have attained, the performance related targets you have met. Remind your boss what a go getter you are, and how much you have consistently put into the company.’ If you show how much you are worth, and prove how much time and effort you put in on a daily basis it can only go in your favor.
If your company can’t currently offer raises due to economic reasons, perhaps an alternative could be offered. An extra day’s vacation, a company phone, car or other benefits. You have to show that you’re reasonable – insisting on more money when the beloved coffee lady just had to be laid off won’t put you in your boss’ good books.
The most important thing is to be prepared, show how professional you are and how much of an asset you are to the company. Go on, you know you’re worth it.