How to effectively demand a raise

1. How to effectively demand a raise Have you ever thought of asking for a raise in your job? If not, then it might surprise me, how come no one has ever asked for whatever they deserve. If you have been performing consistently then it is your reward to be promoted or get a bonus. If you are thinking of asking for a raise, you might be nervous as you do not know how it is going to turn out. The result depends on the manager, how they see your achievements and how well they understand your efforts within a team. However, whenever we talk about money in IT professionals, it seems like a horror story or that we have seen a ghost. Thus, it becomes a little difficult for us to ask for a raise or to talk about it, as it is considered a taboo in our professional life and makes us uncomfortable. But asking is the only chance that you might get some positive results. If you are doing it for the first and want a positive result then might prepare a strategy and points that you can present to ask for the deserved raise. In this article, we have mentioned some of the points that you can consider and strategize accordingly to get the maximum output. 1. First, decide when to ask for a raise First, you need to understand that there is nothing to be nervous about as it is very normal that you ask for a deserved raise. Also, the manager has experience in handling employees and dealing with all the project’s budget, so they have a clear picture of the budget. Even if the manager knows about your effort and hard work, they will not themselves increase or revise your compensation. Rather, they will feel that this employee is happy whatever they are getting. It is high time that you approach them and asks for the raise that is intended to be done by now.

2. Ask them simply for getting a raise for the tenure. It is obvious that they will not think negatively of you or damage your relationship with the manager. However, they have expectations that employees will ask themselves and whenever is the time, they will revise the compensation. Make sure that you approach your manager for the compensation revise if they have time to listen and act. Also, they should not be in a bad mood as they are also humans and these factors can irritate them and results in a damaged relationship with them. So, you need to ask for their time and watch your tone while discussing your raise. This will give them some time to think in a positive manner. Also, you can even take advantage of situations when you work well and are being recognized by your manager. All you need is to think wisely. Make sure, you are very clear with the budget and raise cycle of your company, so you can plan accordingly and make sure that you work well for the quarter. This will make you worthy to show your strong points and ask for a raise by explaining how critical resources you are for the team. If you are aware of the cycles, then you can connect with them in time before the compensation has been set. This will give the managers some time to rethink and evaluate your recognitions and then set the compensation accordingly. 2. How to prepare for the final meeting Before approaching the meeting, you need to make sure what is the salary structure of the employees working in the same field. You can indulge in online research and make sure if you are underpaid, if yes then you can put this point forward. But if you are already getting the top salary then, there is nothing to mention in this context. However, such information is hard to get as salaries may vary depending on the importance of that role in various companies. You can try to connect to people working in the same field and ask for the desired salary for the role. Some people are happy to share these details. 3. What to do during the meeting Without moving the story, make sure you get to the direct point with accurate facts and figures. Write down points main points that you want to discuss, about your work, your achievements, how well you have been doing, having everything ready will make you more confident. This will create a positive impact on the manager that you are well prepared and are to the point. Also, ensure you use the right tone without creating a fuss. Try to understand their point and discuss clearly. Always, start with a clear note appreciating the manager for taking out some time to hear them out. This will create an impression and the manager will act as soon as possible once they understand your point of asking for the raise. Also, have some figures in mind so you can suggest to them about your expectations and that figure needs to be relevant, else manager will say a “NO” then and there. So move to the next step wisely after they clear all your problems.

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