By Evan Vitale
At times we all probably feel that we’re under-appreciated – and under-valued when it comes to working a part-time or full-time job. We put in the hours, do what we’re asked to do, arrive early, leave late and go the extra mile for the company.
However, a good performance review doesn’t necessarily mean you’ll be guaranteed the kind of raise in salary that you’re looking for (or hoping for) in 2016. At best, most only expect a cost of living raise. But can you ask for more?
The best way to get that well-deserved raise is to know how to properly ask for it. Here are some basic strategic steps you can take before you ask for a raise:
Do some research around the company as it pertains to pay raises. Refer to the company handbook or ask older employees their experiences when it comes to seeking a pay increase.
Keep track of your work accomplishments and job performance and have it handy when it comes time to asking for a raise. If necessary, create charts or graphs to help prove your case. If you can show that you’ve save the company time and/or helped the company improve sales, increase profits or cut expenses, then it will be easier for them to answer “yes” to your raise request.
Keep in mind what the local market will bear. If the cost of living is 3% and the current market value for someone of your job status is $50,000 per year, don’t expect – or ask – for a $10,000 pay increase. Be reasonable.
Ask for a meeting with your boss and let them know ahead of time what the meeting entails. Be confident in your request and have your facts ready when it comes time to let your boss know why you’re an asset to the company and deserving of a raise.
