What a Rise? You May Get What You Deserve with a Five-Step Course

So you have been working hard throughout the year, brought down your company’s cost, helped increasing the sales, and completed every assignment on time with satisfactory quality. Your co-workers only have good words for you and your boss is very happy to have you in the group. What could all of these mean to you?

How about a rise?

Kiplinger’s Personal Finance has a five-step course to help you get what you truly deserve.

  1. Make a list of your specific accomplishments and contributions to prove to your boss that you deserve more money.
  2. Find out how your salary compares with others in the same area with similar education background and experience. By knowing how much others are paid, you know what’s your bottom line.
  3. Consider negotiating benefits and perks. If you can’t get a rise in your salary, other benefits such as vacation time, stock option, and tuition reimbursement may be relatively easier to get.
  4. Time your pitch right. You certainly don’t want to bring it up in the middle of your major project. In contrast, a good time to ask for a rise may come when you complete a project or take additional responsibilities in your department.
  5. Broach the topic professionally. Do just start a rise talk casually. Request a meeting with your boss and sit down with him/her face to face.

Other things to keep in your mind when you start the negotiation:

  • Print out your accomplishment list and show it to your boss;
  • Be general and don’t compare yourself to colleagues;
  • Don’t be greedy;
  • Don’t threaten to quit unless you really mean it.

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