Are you underpaid? Are you really getting the salary and increments you deserve. Is your company paying you as per the industry standards. Are you getting what other people with equivalent educational and professional qualification as yours are getting. If answer to above questions is a 'No' then its time ask for a salary raise. But as straight it sounds, its not. You need to follow proper strategy to place your demand in front of your boss. Otherwise it will be much easier for him to tell you a 'No'. Here are the tips which you needs to follow.
1) Find out your actual worth
Before going to your boss, you have to brainstorm the figure you are going to ask. And for that you have to analyze first how much deserve. What is the industry standard pay for a professional like you. This can be done through job sites like Naukri, indeed & Shine. These site will give you a tentative idea of the expected salary. Also you can discuss with industry collogues through social media and forums. But never ever discuss these thing with your immediate office collogues.
2) Pitch at the right timing
Always ask for a raise when you have the situation in your favor. For example, you have done extremely well in your last project and client praised you. Or you made a very good sale recently. My point is just encash your fresh success and don't wait further. Because at this time you are confident and can show others your achievement. Also there is no point in asking for raise if your project is going bad. Because in that case your boss will reject you without a second thought.
3) Go prepared and have all your facts handy
Before going to boss, rehearse in your mind what you are going to say. At least prepare a list of your achievements in the past months. Also mention if you have given additional tasks and responsibilities recently because logically if work increases, pay should also increase.
4) Be confident and don't be shy asking anything
When you are in front of your boss, Don't feel shy about counting your achievement. Just be careful that you should place your demand in professional way. But tell the amount you want loud and clear. Just keep in mind that company is not doing you favor by increasing your salary. You are giving your hard work and dedication to the company. You are contributing to the growth of company. So don't ever be shy asking your rights and just be confident.
5) To to get job offer from another company and use it as 'Brahmastra'
Now even after applying the above 4 tips you think that you will not get increment, then its time to use your Braham Astra. And that is your offer for a new job. See if after doing constant good work your boss is underestimating, then better show him your worth the hard way. Prepare hard for interviews and tray to grab offer from other companies. This will give you double edge advantage. If your boss wants you to stay in the same company he will revise your salary as per offer. And if he still not stopping yu the better have self respect and just resign & join the new firm.
Final thoughts
All the above mentioned tricks works only if you first understand your worth. You have to keep this mindset that you are a professional who is selling his skills. Now its your will whom you want to sell these skills. If your current employer is paying you well then its good otherwise go for better offers. Always keep the growth mindset and never ever attach yourself to your company. Because for them you are only a employee which can be replaced anytime.
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