How To Ask for a Salary Increase - Part 2

Here’s part 2 of my tips on how to ask for a salary increase. For more information on how to work the politics in your job, or to get a job if you have recently been laid off - Click here to download your copy of Claim That Job.

• Ask for the payback. Get a written agreement that if you perform at peak performance, a salary increase of a certain percentage will be discussed seriously at a specific time - six months or one year. If you reach your objectives at that time, and you are refused the salary increase, you have a true picture of your value to your superior and how your company treats his it’s employees. It might be time to consider moving on!
• An option to “NO”. Sometimes companies have legitimate budget concerns that necessitate them saying “No” when you are seeking a salary increase. An option, which would cost them less, involves their agreement to pay your share of your life insurance, medical, dental or similar benefits. Although your share of life insurance may be only $1,200 annually, it would be pre-tax money that drops right into your pocket. Depending on the nation, state, province, it might result in a lower tax rate on the amount. Check with your accountant.
• Value your potential. Perhaps you have a very high potential to provide profit but you are not in a position allowing you to perform to your fullest extent. If you have gotten the right training, or the firm will give it, and you have the right temperament, you might switch to another department. One that pays more, such as shown in the following step.
• Go where the money is. For example, move from accounting to sales or marketing. There in addition to your base salary, your income usually comes from commissions and performance bonuses. Your income could be substantially higher. There are risks: you could fail in this new position. But is it worth the risk?

Following these salary increase questions give you an opportunity to get the pay increase you deserve!