The Steps


Intro:
Before you begin
Step 1:
Research salaries in your field
Step 2:
Assess your own job performance
Step 3:
Evaluate your employer's economic health
Step 4:
Determine how much to ask for
Step 5:
Build a case
Step 6:
Be firm but flexible
Step 7:
Make the most of a "No"

 

 

Business


2torial #0488:
Learn2 Negotiate a Raise

Step 3Evaluate your employer's economic health

Let's say you're receiving a below-average salary for an above-average performance. You deserve to get a raise, right?

Sure, you deserve it, but unfortunately, there's a third thing to consider: your employer's financial health. If times are good, you're right to put on the pressure. But if pockets are empty, no one's going to pull out a rabbit just for you. Ask yourself the following questions:

  • Is business expanding? Contracting? Staying more or less the same?
  • Is your employer hiring new workers or laying off old ones?
  • Do you work for a wealthy corporation with a history of high profitability? A struggling start-up? A non-profit agency?
  • What are the future prospects of your employer, and the industry as a whole?

Go 2Step 4

 



 

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