You may never know that - despite the economy - now might be the right time to ask for a raise, or at least a bump in non-monetary compensation. Because the fact is that you can't simply put your career on hold because the U.S. economy is in recession.
Yes I'm talking about you; here are five tips to follow before taking the plunge: Be sure to follow the advice carefully and to adjust it to your own personality, preferences and style at the workplace. 1. Your first step is to gain an understanding of what your job pays at other companies. You can use sites like JobConcierge.com partner PayScale, or you can talk to others in your field. Make sure you're underpaid. One of your best resources is an executive recruiter; they can tell you the latest real-world salary info based on their recent placements.
2. Remember to document your performance by maintaining a memo of your accomplishments, use numbers to highlight your case but never fudge them.
3. Time it right it always a great idea to time it after you have completed a major project or sale, this way you can argue your value with least resistance. It's also advisable to choose a day when your boss is in a good mood. So be careful what day of the week you decide.
4. If cash flow is tight at your company, you may wish to consider asking for non-monetary compensation, such as an increase in vacation time, tuition reimbursement, a more flexible work schedule, telecommuting from home, or other possibilities. 5. Ask for an answer in your meeting. If you don't get one, schedule a follow-up discussion to revisit your request. Don't leave it open-ended - make sure a plan is in place for your boss to make a decision. For more job advice, be sure to check out the JobConcierge Best Job Search Advice.
Author Resource:-
JobConcierge is the destination for automated job search - real people search 300 job boards and submit applications to take care of your entire online job search. The site is also known for its best jobs for 2010