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How to Get a Big Raise

How to: Make More Money

It doesn't take much time in your professional life to realize that you have to ask for things if you want them to change, whether it be needing more flexible hours, wanting more responsibility, or feeling that you should earn more money. Most supervisors aren't spending their time thinking about how your salary is sitting with you, so it's on your shoulders to present your case and win it for yourself. Your job is your biggest asset in making you more financially sound, so if you're not making as much as you think is deserved than you may not be maximizing your wealth potential. To see my tips on asking for a raise just

  1. Keep a running inventory of your accomplishments, no matter how small you think they are. If your boss is pretty hands off but you're constantly exceeding expectations, keeping a journal means that she doesn't just have to take your word and there's hardly room for argument that you need to prove yourself. This is especially effective if the person deciding your salary doesn't have anything to do with your job function.
  2. Whether it's your annual review or a meeting that you've arranged for this purpose, before you go in to the meeting highlight a handful of your accomplishments that show off how valuable you are to the company.
  3. Do some research on the market price for your position. Never threaten your boss but be honest when you say that you feel under-compensated given your progress and total effort in helping the company's bottom line, not to mention that your salary is at the low end of what's average for your position.
  4. Talk about your future with the company and how you see yourself fitting in, and ask how you'd be able to contribute to the company's growth. If they see that you're willing to invest in them, they're more likely to invest in you, too.
  5. As tempting as it may be, never revert to comparing yourself to co-workers that have the same job title as you. You're not there to talk about how terrible they are, the focus needs to stay on you and everything you have to offer.
    1. Source

Join The Conversation
VUChica VUChica 9 years
gigi... sounds to me like you're over worked and under appreciated. the presentation of a counter offer is like an insulting hoop they're making you jump through - after a year of hard work! i think it's time to not only look for other job offers... but take them. get out of there; you deserve better.
DivineGigi DivineGigi 9 years
Yucky, So say....what would you do if....all the steps above were followed during a performance interview. (sidenote it was an incredible beyond best year ever for this company and a great deal of that was due to you) and your salary was raised just to industry standard with a note "if you are dissatisfied come speak with us again" On the followup meeting you are informed that "yes you deserve more but our hands are tied unless you come to us with a job offer from another company - then we can talk." What are the rules of presenting a counter offer? Do you have to show an offer? Any ideas? This is a tough place to be!
syako syako 9 years
I'm sorry but I have to add one more thing. I found a report that said that one of the main reasons women get paid less than male counterparts is because WE DON'T ASK FOR A RAISE! So get off your butts and let's get some EQUALITY in the workplace, k? :)
syako syako 9 years
one more thing - ask and you shall receive
syako syako 9 years
I just did this last month! Yeah, I know, go me! Anyway, I work for a SMALL company (10 employees) and I went straight to the CEO (after discussing it with my immediate supervisor). It was a lot easier and laid back than I thought and my ceo was very understanding and listened and agreed to the points I made - oh yeah, my raise goes into effect next month! :dance:
juliex0x0 juliex0x0 9 years
I'll keep these tips in mind for negotiating a higher bonus at year end :) Thanks!
kiddylnd kiddylnd 9 years
Well in my case I work for a City. Which means that I get what I get and the Union negotiates rates of pay for the various classes. The only way I can get more money is by filling out a 12 page form requesting a reclassification of my job title. Then it goes to my boss, her boss, and then HR for consideration. Yeah. What fun. My boss actually asked me two years ago to do one, but they are a pain. It's a goal to get it done this year. :wink:
McCubcakes McCubcakes 9 years
It's difficult to know whether you should go to your supervisor, the director or straight to HR....
citizenkane citizenkane 9 years
These are great tips! One more that I once heard was this: Never give personal reasons as to why you need the raise (i.e. bills, student loan debt, rent, etc.). Keep it strictly business. This will show the boss that you are focusing on the good of the company and what you have done & will do to make it better! :)
Lovely_1 Lovely_1 9 years
Yes I need to soon too! I need a raise, and I know I deserve one :P
Shopaholichunny Shopaholichunny 9 years
Great Advice Savvy! I need to use them soon.
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