In years gone by, many workers could depend on receiving an annual or semi-annual raise – but unfortunately, for all but a few, this is no longer the case. In fact, many employers continue to cut back on staff or hours just to maintain in operation.

With that in mind, you might think that asking for a raise is an exercise in futility. After all, when money is tight, your company won’t be inclined to hand out extra cash like candy. However, management does want to do what’s required to keep an employee on the payroll if it helps their overall bottom line. After all, it costs money to hire and train new employees, and employee turnover is never profitable. So make a strong case for a raise and follow proper protocol, and your request is likely to be honored.

How to Ask for a Raise

Prepare

Prior to asking for a raise, it is imperative that you take substantial time to thoroughly prepare to make the request.

1. Know What You Are Worth
Before you ask for a raise, be sure that you are worth more money than you are already receiving. Your worth depends on such factors as how much others earn in your field, your level of experience, your special skills, and even your geographical location.

The National Association of Colleges and Employers (NACE) has a useful tool on its website to calculate salaries. Study it carefully, and make sure your request is reasonable – you could do more harm than good if you ask for a $5,000 raise when you’re already earning $5,000 more than you’re worth.

Continue Reading Here: http://risenetworks.org/2013/05/18/how-to-ask-your-boss-for-a-salary-increase-and-get-it/

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