How to Negotiate a Pay Raise

With the state of the current economy, it is highlycompany, these skills will make you more valuable
unlikely your boss will call you into his or her officeto your next employer.
and give you a raise unless you initiate theDon't worry about getting fired. The cost of hiring
negotiations yourself. Asking for a raise is aand training your replacement will cost much more
nerve-wracking task, but by utilizing the followingthan your raise, so don't weaken your argument
strategies you will increase your chances ofby expecting the worst. Be confident in your
increasing your pay and getting what you want.request and don't worry about being let go.
Know what you're worth. Look for informationAnticipate objections. Try to think about possible
regarding compensation for your type of positionworries or problems your boss will bring up when
in the marketplace. This can be done byyou ask for a raise. Counter these objections and
contacting other companies or search firms andinclude them in your initial statement. By easing
finding job advertisements. There is usually spacetheir minds about potential issues right away, it will
between what you are making and what thebe harder for your boss to decline your request.
market says you can earn, so if you haveBase your request on job performance. In today's
worked for the same company for several yearseconomy, employers are concerned with how
you should feel good about your request. Do notyour performance will advance their organization.
be discouraged to ask for a raise if you find thatArguments about equal pay or big expenses
you are already making what the market sayscoming up will not get you the result you're
you're worth.looking for.
Be specific. Ask for a raise of a certain sizeBring proof of what you've done for the
rather than a raise in general. Leaving the requestorganization. You'll need to have documentation to
open-ended will be less likely to yield the desiredverify your job performance. Key a file of all your
result.job evaluations and performance reviews to use
Determine how you can become more valuable.in these types of situations.
Take on additional responsibilities or discover newDon't be aggressive. Do not give your boss any
projects that will make your more valuable toultimatums or threats. If your request is denied
your boss. Cross train into new positions or takeyou can then evaluate whether you want to stay
classes to further your education and enhanceor leave, and you will stay on good terms with
your skill set. If you do decide to move to a newyour boss.