Press Release
Asking for a Raise
Friday, April 11, 2008
I have been with my company for five years and enjoy what I do. But I don’t feel I am being compensated fairly. How should I go about asking for a raise?
Assess what you do on a day to day basis and decide if your efforts are extraordinary compared to others in the company. If your efforts demand more compensation, then you deserve to take that next step in asking for a raise. First, structure a well thought out, persuasive argument as to why you should be paid a higher wage. However, before having that conversation, I would look at other ways you may benefit the company as well. Be willing to take on additional responsibilities, work longer hours, or help create an additional source of revenue that would allow the company to further benefit from your involvement. In other words, create value for your employer and merit to ask for a raise.
The more valuable you are to your employer the more leverage you have in asking for a raise in compensation. If you are deemed an essential person because you help the company make money, save money or become more efficient your employer should be willing to work out a more favorable compensation plan for you.