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Get the Raise You Deserve

by Wolf J. Rinke


The economy is humming and unemployment is non-existent—this may be a great time to ask for a raise. But first determine if you deserve to be paid more by looking at the bottom-line results you have generated for the company.

Here are nine tips to help you get the raise you deserve.

Get very clear about how much you enjoy working for this company. It will determine how aggressive you should negotiate.

Put it in writing. Delineate how much money you have made or saved the company, how many groundbreaking ideas you have generated, or any other results. Identify how much it would cost to replace you. Then ask for a proportionate raise.

Reverse the risk. Identify specific and measurable goals in your proposal and offer to revert back to your previous compensation if you do not achieve those goals by a specified time.

Create a win-win proposal. Know several compromise positions, but do not reveal them at this point.

Time it right. Set up an appointment with your boss at a time when the boss is most receptive.

Keep it cordial and congenial. Never threaten, give ultimatums or mention that you are shopping around, unless you are prepared to walk.

Leave your ego at the door. Don't attach your self-worth to your compensation. You are not what you earn! So never leave in anger. When you try to get even with a company, you will only hurt yourself.

Be patient. Raises take time—the larger the company the longer it takes.

Be prepared to compromise. If the raise does not meet your expectation offer a compromise. Be creative in generating win-win options.

If all else fails, start shopping. If things don't work out, keep your current job and start floating your resume. Be sure to keep performing at high levels. You will likely get a significant raise when you move to another company. If you prefer to stay with your current employer, give your boss the chance to match your new offer. PE

Wolf Rinke is a speaker, seminar leader, consultant, coach, and author of Make it a Winning Life. 800-828-9653 or 410-531-9280, wolfrinke@aol.com.

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