{"id":5683,"date":"2015-06-10T15:11:12","date_gmt":"2015-06-10T19:11:12","guid":{"rendered":"https:\/\/aspire-canada.com\/?p=5683"},"modified":"2017-02-19T14:31:27","modified_gmt":"2017-02-19T19:31:27","slug":"how-to-convince-your-boss-to-give-you-a-bigger-paycheck","status":"publish","type":"post","link":"https:\/\/aspire-canada.com\/?p=5683","title":{"rendered":"How to Convince Your Boss to Give You a Bigger Paycheck"},"content":{"rendered":"

How to Convince Your Boss to Give You a Bigger Paycheck<\/h2>\n
\n

\"How<\/p>\n

In a perfect world, your boss would regularly recognize your obvious talent and immense contributions to the team with hefty raises. Unfortunately, it doesn\u2019t usually work like that. If you believe the size of your paycheck is no longer sufficient, you\u2019ll probably need to take matters into your own hands and\u00a0ask for a raise.<\/p>\n

Real wages \u2014 wages that have been adjusted for inflation \u2014\u00a0have been stagnant or perhaps even dropping for decades, according to the Pew Research Center. The U.S. Bureau of Labor Statistics notes that real average hourly earnings for all employees increased by only 2.3 percent from April 2014 to April 2015. And from March 2015 to April 2015, average hourly earnings were unchanged.<\/p>\n

If you want to make more money, you can\u2019t rely solely on your employer to bump up your pay. You have to muster up the courage to walk up to your boss and request a salary increase.
\n<\/a><\/p>\n

How to Ask Your Boss for a Raise<\/h2>\n

Asking for a raise might be easier said than done. The thought of approaching your boss and asking for more money might make you cringe. But, you\u2019ll be doing yourself a huge disservice if you hold back and say nothing about the possibility of increasing your paycheck. You also shouldn\u2019t just wait until your performance review to ask for a pay increase.<\/p>\n

\u201cDon<\/span>\u2019t just wait for your annual or mid-year review,\u201d said Fatimah Gilliam, founder and CEO of\u00a0The Azara Group. \u201cA part of advancing in a company and getting raises to match promotions requires being strategic in your approach to your career.\u201d<\/span><\/span><\/p>\n

Throughout the year, you should track your performance and analyze your mistakes and accomplishments. That way, when the time comes for you to ask for a raise, you can expertly justify why you deserve a salary bump.<\/p>\n

\u201cI recommend putting an appointment on your calendar every two weeks where you evaluate your performance, note what projects you wrapped up and what your contribution was and think through where you\u2019re headed professionally so you have a long-term vision that you routinely revisit,\u201d said Gilliam.<\/p>\n

She added, \u201cAlso, if you haven\u2019t been a model employee and have had several bad performance reviews, then you shouldn\u2019t expect to get a raise any time soon. Rather, your plan needs to focus on turning around your performance so you aren\u2019t fired or laid off.\u201d<\/p>\n

Before you ask for a raise, it\u2019s also crucial that you make sure the timing is right for your company. Asking for a pay increase while you\u2019re company is struggling financially might result \u201cin your being perceived as lacking good judgment and not being a team player,\u201d said Gilliam.<\/p>\n

And lastly,\u00a0don\u2019t take it too personally or be surprised if your boss denies your salary request because of budget restrictions. If your company can\u2019t afford to pay you more money, there\u2019s very little you can do. This might be a sign that you should start looking for employment opportunities elsewhere.<\/p>\n

Related:\u00a0<\/em><\/strong>25 Ways to Double Your Paycheck in One Month<\/a><\/em><\/strong><\/p>\n

5 Salary Negotiating Tips<\/h2>\n

Doing your research and working up the nerve to ask for a raise is one thing, but what do you say once you\u2019re in your boss\u2019 office? How can you convince your boss to actually bump up your pay? Using\u00a0these five\u00a0salary negotiating tips can help you state your case:<\/p>\n

1. Display a Sense of Gratitude<\/h3>\n

\u201cWhile it is a negotiation, treat it like it\u2019s a conversation,\u201d said Jonathan Flickinger, JD, human resources manager at Swanson Industries. \u201cYou and your boss are attempting to come to an agreement that\u2019s mutually beneficial for you and the company. At the end of the day, you both should walk away feeling valued.\u201d<\/p>\n

2. Present Hard Facts and Quantifiable Results<\/h3>\n

Remember Gilliam\u2019s advice about tracking your performance throughout the year? During the meeting with your boss, you need to bring up your successes.<\/p>\n

\u201cQuickly, the conversation you\u2019re having becomes purely objective, not filled with personal feelings, emotion or drama,\u201d said Flickinger. \u201cFocus on achievements and accomplishments. It\u2019s about results that you have delivered.\u201d<\/p>\n

It\u2019s also wise to use sites like the U.S. Bureau of Labor Statistics\u00a0prior to the meeting to gather information on industry average salaries for professionals working in your field.<\/p>\n

3. Prepare a Well-Planned Presentation<\/h3>\n

Maybe your boss appreciates PowerPoint presentations, or maybe a written plan in preferred. No matter how you plan to present it, you need to make sure your request for a raise is convincing and well-researched.<\/p>\n

\u201cThere are differing opinions as to \u2018how\u2019 to ask for a raise or more benefits,\u201d said Flickinger. \u201cSome say ask for the monetary value first, and then present your case. Others say to share your results, and then ask for the raise. Either way, you need to prepare and contemplate the \u2018what if\u2019 scenarios before you even begin the conversation.\u201d<\/p>\n

4. Don\u2019t Oversell It<\/h3>\n

At no point during the conversation should you start begging. You also shouldn\u2019t keep repeating yourself over and over again after you already made your points.<\/p>\n

\u201cIf you\u2019ve presented hard facts and quantifiable results, be confident,\u201d Flickinger said. \u201cBe concise, yet complete. Once you\u2019ve presented your case and asked for the raise or more benefits, be quiet. Let the other side respond.\u201d<\/p>\n

5. Compromise With Bonuses<\/h3>\n

A company that is experiencing financial difficulties simply might not be able to afford pay increases, but perhaps you can convince your employer to give you bonuses if you help the company increase its revenue.<\/p>\n

\u201cThe recommendation for someone asking for an increase in money is to show how they can help drive revenue,\u201d said Jason Zickerman, president and CEO of The Alternative Board. \u201cInstead of an increase in base pay, they may want to ask for bonuses when certain cash events occur within the organization.\u201d<\/p>\n

\u201cA request like this has a far greater chance of being received by the ownership, CEO, etc.,\u201d he continued. \u201cIt is my experience that very few CEOs or business owners resent having their team make money when the company\u2019s making money.\u201d<\/p>\n

Asking for a pay increase\u00a0can be nerve-wracking, but don\u2019t let the pressure be a deterrent. You work hard for your company and deserve to be fairly compensated for your efforts. If you\u2019re tired of living paycheck to paycheck<\/a>, take the necessary steps and ask your boss for a raise.<\/p>\n

This article originally appeared on GOBankingRates.com: How to Convince Your Boss to Give You a Bigger Paycheck<\/a><\/p>\n

This article by Laura Woods first appeared on GoBankingRates.com and was distributed by the Personal Finance Syndication Network.<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

How to Convince Your Boss to Give You a Bigger Paycheck In a perfect world, your boss would regularly recognize your obvious talent and immense contributions to the team with hefty raises. Unfortunately, it doesn\u2019t usually work like that. If you believe the size of your paycheck is no longer sufficient, you\u2019ll probably need to…<\/p>\n

READ MORE<\/a><\/div>\n","protected":false},"author":3301,"featured_media":5684,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","pmpro_default_level":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-5683","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","pmpro-has-access"],"yoast_head":"\nHow to Convince Your Boss to Give You a Bigger Paycheck<\/title>\n<meta name=\"description\" content=\"How to Convince Your Boss to Give You a Bigger Paycheck\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aspire-canada.com\/?p=5683\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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