When the employees are underpaid, whenever a problem occurs, they tend to make errors in their strategy. In case an employee needs to ask for a salary increment then here are some helpful tips:
1. Know the worth
of the job
If a product has a
price then it implies that it has a market value. In order to find the market
price of an employee, the employee must network with their peers and check out
salary comparison websites. Titles can be misleading. However, employees need
to focus on their responsibilities.
2. Research on
the pay practices of the company
In case an employee
is unaware of internal and external pay practices then ask for an explanation
from the head. Employees must talk with the HR manager regarding the salary
policies, increment practices, and salary ranges.
A company will not
pay the salary of a lawyer to the receptionist. In case the employee has
reached the maximum salary for the job then the raise may occur only if the
market value increases.
counts a lot
If the employee
does not believe that he is worth more money then he/she can not convince the
boss. So one needs to arm oneself about their own responsibilities, pay
comparisons and accomplishments.
5. Focus on
sales not begging
The company does
not care if the employee is in debt or has five kids. People get hikes only
because they add value. Hence the employee must convince the boss about why the
employee needs the increment and why he/she deserves it.
6. The employee
must not wait until the performance review
It seems like the
performance review day is the right day to ask for a salary hike. But it is not
the case. In most of the companies, the salaries are discussed with the
employees before the performance review, and hence employees must talk with the
7. The timing
must be efficient
The right time when
the employee can ask for an increment is when a major problem is
solved, when a new
responsibility is taken, or a challenging project is solved. In case you missed
the opportunity or did not complete the task then forget about asking the hike.
And if the company recently had laid off or had a sales slump, then it is
definitely a bad time.
the personality of the boss
Some bosses are
convinced with sales pitches while others are convinced with data-driven
pitches. Hence an employee must make sure which concept works well.
9. Just do it
Asking for money
makes most of the employees anxious. However, most of the managers might get
offended or surprised by the request. As a result, they might turn the request
10. Don’t stop
if the manager says no
If the boss says
no, then the employee must question him what the employee could do for merit.
If the boss says
it’s a bad time, then the employee must question him whether it is reasonable
to renew the request.
If the boys say salary increment is an issue,
then the employee must question him if a bonus would be fine.
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