Marie Raperto, The Hiring Hub
Want a raise? Everyone wants one and expects one. Even with a tight labor markets, salaries have been rising at a slow rate. According to SHRM (Society for Human Resource Management), US salary budgets are projected to rise by an average of 3.2% in 2019.
When your annual review comes up, be prepared. Be ready to discuss what you’ve done and accomplished and what you have done to strengthen your skills as well as your goals for next year.
Facts. Are you underpaid compared to others doing the same work? Doing your homework will help position you.
Your Value. It costs more to replace an employee than to give a raise. Sometimes questioning your salary and asking for more will make your employer think about the cost of losing you. Know what you’ve accomplished over the last year and be secure in it’s value and how it helped the department/company.
Negotiate. Don’t argue. Don’t get nasty. Talk the issue through. It has to be a win-win for everyone. Maybe you won’t get a bigger increase now but, possibly, in six months etc.
Weather. According to a study done by the University of Southern Brittany, people are more receptive on a sunny day. Whether this works or not, why take the chance!
Fight for a bigger piece of the pie!