How to Negotiate a Raise in 2010

What Makes You Think That You Deserve A Raise?getting fired for asking for a raise are so slim that
As a new year gets underway, it might be a goodyou need to not worry about it. Increase your feeling
time to have a talk about one of your mostof self confidence by picturing yourself as being
important types of negotiations: asking for a raise.successful and don't worry about any pushback that
Wait a minute: did I see you just grimace? Did youyou might get.
turn away? Why the reaction - it's your paycheck- See Into The Future: and identify what objections
after all, shouldn't you be taking charge of how muchyour boss might bring up. Make sure that when you
you make?make your request for more money you touch on
If you are counting on getting a big raise this year,these points and offer solutions to then before they
you might want to think again. The folks over atare bought up. Good Tactics Can Make All The
Hewitt Associates are saying that raises this year areDifference
going to be running at about 3% or so - nothing toEven before you go into your boss' office to request
write home about.a raise, there are a number of things that you can do
What you are going to want to do this year is toin order to improve your odds of success. Here are a
find a way to get in the running to get your handsfew of them:
on some of your company's incentive pay. The folks- It's All About Performance: You need to spend
at Hewitt are saying that the budgets for incentivesome time creating a list of why you should get
pay are running at about 7% or so - clearly there'smore money. Weak reasons like the length of time
more money to be had in this bucket.since you got your last raise won't do the trick - it's
A Little Strategy Goes A Long Waygot to be based on bottom line results.
If you are going to have a chance to be successful in- Documents Count: having physical proof that you
getting more money out of your employer this year,have had superior job performance can be critical to
you're going to have to come up with a plan in ordermaking your case. This of course means that you
to make it happen. Robert Moskowitz has spentneed to have been keeping a file that shows what
some time studying what needs to be done and he'syou've accomplished throughout the past year.
come up with some suggestions for us. Here's what- Practice, Practice, Practice: In order to prepare
he thinks that we need to do:yourself for the big event, spend the week before
- Create A Price Tag For Yourself: Just how muchyou make your request practicing with yourself. This
are you worth in today's market? This is a criticalwill help you to get your words straight and will allow
piece of information that you need to know. It mayyou to prepare to deal with common feedback that
require a bit of research on your part: talking withyou should expect. What All Of This Means For You
head hunters, reading online and print ads for similarComing out of the global recession, we are all
positions, and generally asking around within yourprobably not being paid what we are worth. It's time
network. With a little luck you'll find out that you areto ask for either a raise or at least a bonus.
being underpaid!As scary as the prospect of asking for a raise may
- Boost Your Value: Every company has a differentbe, there are things that you can do in order to
set of skills and responsibilities that they view asboost your odds. Keep in mind that it's your value to
being the most valuable. You need to take a stepthe company and your past performance that will
back and understand what is the most important toboost your odds of getting more money in your
your company: is it financial skills? Marketing skills?paycheck.
Selling skills? Once you know what is the mostIt is possible to ask for a raise and get it. It just
valued, you need to take steps to increase yourtakes a bit of preparation and some good negotiating
value in these areas.skills...!
- Get Your Head In The Game: The odds of you