Do You Yearn To Earn More, 4 Reasons You Never Get A Raise
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If youâre hoping to earn more money this year, you need to do more than hope. It can take a lot of work to earn a raise, and itâs difficult to guarantee success.Youâll never get a raise if you donât take some basic steps. If any of the following sound like you, itâs probably time to get to work.You Donât Know the Going RateIf you donât do your homework during salary negotiations, itâs unlikely your employer will give you top naira just to be nice. You need to know what people in similar position are earning and where you fit into the mix.âCompensation is a funny thing in that you canât just ask your cubicle neighbor,â says Katie Bardaro, lead economist and analytics manager at PayScale.com.You Donât Know Your ValueItâs vital you understand the kind of value the labor market puts on , but also what you offer your employer specifically, Bardaro says. She recommends you consider these types of questions:
Are you an integral part of the team?
If you left, would important projects fall apart?
Do you have a lot of internal knowledge that is hard to learn?
Would replacing you with someone who has the same skill set and knowledge be very costly in terms of time and effort?You Canât Justify ItYou must be able to demonstrate what the company â and your boss â will gain by giving you a raise.Also, simply talking about why you need a raise instead of using a list of accomplishments to demonstrate why youâve earned it wonât get you more money.And if you have any doubts that you deserve a raise, youâre not going to be able to persuade others you do. âIf you canât convince yourself, youâll never convince your boss,â.You Never AskInstead, âyou wait for your boss or the company to offer you a raise, without ever raising (no pun intended) the issue yourself,â. If you donât have a contract that addresses raises and you donât ask for one when you feel you can justify it, itâs unlikely that your employer will just make an offer.âOf course, business being business, youâre not always going to get the raise you want,â . âWhen that happens, politely and respectfully ask your boss if you can sit down together and determine what specifically you need to do in order to earn the raise in the future. Try to work out deliverables that are as specific as possible and try to pin down a time frame.âTake notes, let your boss see that youâre taking notes, and if possible work up something in writing you can both agree to. Ask for his or her help in achieving those deliverables. Then report your progress regularly. Once youâve met those specific goals, it will be very difficult for your boss not to grant your raise or at the very least fight for it.â
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