How to ask for a raise like a boss

How to ask for a raise like a boss

MISE & Agrave; DAY

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How to request a raise as a boss

Your annual review is approaching and now is the time to ask for a raise. Even though it's perfectly healthy and normal to do so, the discussion can be uncomfortable. & nbsp;

To guide you better, Cook it President and Co-Founder Judith Fetzer, has agreed to give us his boss advice on making the big request and increasing your chances of receiving it.

Tips for requesting your salary increase & nbsp; & nbsp;

1. Prepare yourself adequately & nbsp;

Preparation is essential to find the right arguments that will enrich your request. The idea is to have a conversation “that is” fact-based, eliminating emotional factors upstream, “says Judith Fetzer. & Nbsp;

Perfect, but how much to ask? At Cook it, Judith Fetzer reports that “the increase in the company's total payroll should on average keep pace with inflation. & Nbsp;

For a great year, the company will be able to afford 1 or 2% more. This envelope must be shared among all employees. Key employees could afford to be more demanding, but you have to be aware of the total payroll. ”

For example, 5% of a salary of $ 50,000 equals an additional $ 2,500. A 10% increase is equivalent to $ 5,000. The whole thing, of course, remains taxable. & Nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp;

2. Compare with the market & nbsp;

Before the big demand, the manager advises to visit job boards whose tasks are similar to yours, in cities and comparable markets . You can fill your list with arguments if you notice a difference between your salary and those offered in other companies. & Nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp;

3. Compare your job description with reality & nbsp;

Another tip: bring out your job description. Is she out of step with reality? If your duties or responsibilities have changed, you will have an additional argument, explains the president of Cook it. & Nbsp;

She cautions, however, “During the conversation, just stating that you are doing the job you are already paid for is not enough to justify the increase!” & Nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp;

4. Get the best time & nbsp;

As a general rule, the best timing is during your annual review (or when you receive a promotion). Hence the importance of preparing yourself in the weeks or days leading up to the meeting. Or better yet, why not take and compile a few notes throughout the year?

By the way, is it okay to come to an interview with notes? Yes, it's even better not to forget anything, assures Judith Fetzer.

The president of Cook it offers a trick she uses to minimize stress and motivate herself. “For example, sending an email saying, 'Hi, I would like to talk to you about such and such subject in 10 days, it will take 15 minutes.” This kind of email both breaks the ice and takes time to prepare, ”she observes. & Nbsp;

To people who are more timid, or intimidated by the request for a salary increase, the manager replies: “I prefer that the request be communicated before learning that the person has quit their job without having dared to do so.”

Traps to avoid & nbsp; & nbsp;

In addition to the benevolent advice mentioned, some traps are also to be avoided. & nbsp; & nbsp ; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp;

1. Compare your salary with that of your colleagues & nbsp;

First reason: the unnecessary risk of creating internal bickering. The second: in several companies, this information is stipulated as confidential in the employment contract. & Nbsp;

In this regard, Judith Fetzer also recommends comparing tasks and functions, rather than to point out specific people. & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp;

2. Have a negative attitude in case of refusal & nbsp;

“It is important to control your emotions, not to react immediately and to allow a little time to go,” advises Judith Fetzer. She adds, “Publicizing your disappointment rarely serves the employee's cause.” & Nbsp; & nbsp; & nbsp; & nbsp; & nbsp;

3. Do not ask & nbsp;

Is it worth asking for a raise? Yes. Not asking for anything increases the risk of not receiving anything. However, once the salary increase is obtained, it is legitimate to expect that it will also be accompanied by higher expectations from management!

4. Asking too often! & nbsp;

While stressful for some people, high demand is less stressful for others. On the other hand, in life and at work, sometimes, too much is like not enough! & Nbsp;

What to do when you receive your salary increase? & nbsp; & nbsp;

A big party? Around the world? In fact, since you already have the discipline to live with your current salary, any increase can become the perfect opportunity to step on the accelerator of savings and good financial habits. & Nbsp;

Contribute to a TFSA and thus grow your money for a trip or a meaningful project is a good strategy. The same goes for contributing to an RRSP, for example, to make the down payment for your first condo or plan for your retirement, taking advantage of tax advantages and paying less taxes! & Nbsp;

< strong> To achieve your savings goals, don't hesitate to ask for the help of a group savings representative of the Sun Life !

How to ask for a raise like a boss

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