6 steps to asking for a raise and more chances of getting

Has it been over 12 months since you received a pay raise? If so, you may be late to receive it again. If you hesitate to approach your manager to ask for something like this, remember: Often if you don't raise the issue of compensation, the manager will just continue with your status quo. So it's up to you to take the initiative and get what you deserve. Check out six steps to ask for a raise? and expand your chances of getting it:

1. Know when salary decisions are made
   Once you have this valuable information in hand, plan to talk to your manager three months before the salary review. That way he will have time to get organized, so that he can raise it.
2. Make an honest assessment of your performance
   Make a list of your accomplishments over the last 12 months. Try to list the most detailed information about your successes. Excellent performance appraisals are the best way to stand before your manager for a raise.
3. Collect market data to compare situations
   You need to know about the salary rates of other employees from your market position. Try to make a fair comparison by researching the salaries of employees in organizations in the same location and size as you work for. The variables that most influence your payment are the education, experience, performance, industry and size of the organization.
4. Schedule a meeting with your manager
   Once you have collected labor market data, you are ready to ask for a raise. Schedule an appointment with your manager to discuss your career goals and aspirations.
5. Talk about your contributions and your market value
   When meeting with your manager, clearly articulate how you contributed to the success of the organization. Map your skills. Let your manager know that you, like all seasoned business professionals, know the value of your market position.
6. Anticipate possible objections
   If you get counterarguments about the data you presented, change the focus of the conversation to how you want to better understand your pay compensation and how it is currently set. If you say there is not enough money in the budget or there are financial constraints, offer creative solutions. Try to get a reasonable deal. Be sure to end the conversation on a positive note.

Via Huffington Post

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