Surely it would give good reason for your boss to think you are totally out of touch with reality, or maybe just insensitive? Surely it's easier just to move on and find another job right?
The need to reward doesn't change, whether the economy is in a downturn or an upturn. In fact the need to keep good staff is even more critical as the corporate world gathers momentum. The prospect of seeking a salary review is therefore not as far fetched as one may think.
1. What's your worth?
Show your manager how much you are worth - being prepared is the first step to securing a pay rise.
2. Think like your boss
Second guess their objections.
3. Write a business plan
Know your worth and know what you want. Find out what similar jobs are paying and prepare a report that outlines all the salary data
4. Timing is everything
Make sure you get it right. Ask for a raise after after a personal success and not after the company posted record losses.
5. Approach
When asking for more pay, don't be aggressive. Be assertive. Your goal is to let your employer know how difficult it would be to replace you. But never give an ultimatum.
6. Consideration
Give your boss time to consider your request. Don't expect an on the spot response. Be prepared to negotiate. If you are not getting anywhere with a straightforward pay rise, never threaten to leave; seek feedback and focus on the reason why your request has been denied.
7. Consider negotiation:
For perks outside your salary, such as extra leave, or training
8. Let your boss know you are willing:
To improve to earn the raise and try to obtain a time frame under which you can obtain it
9. The bottom line
Remember that the hardest part is asking. But never be afraid to ask - you just don't know what opportunities could open up.
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