Comments on: Requesting (and Receiving) the Raise You Deserve http://www.getrichslowly.org/blog/2007/08/29/requesting-and-receiving-the-raise-you-deserve/ Common sense advice on money saving tips, how to get out of debt, high interest savings accounts, cd rates, money market accounts, mortgage rates, money management and more. Sun, 19 May 2013 04:12:18 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Career Hacking: How to Get a Raise | One Caveman's Financial Journey http://www.getrichslowly.org/blog/2007/08/29/requesting-and-receiving-the-raise-you-deserve/comment-page-1/#comment-121122 Career Hacking: How to Get a Raise | One Caveman's Financial Journey Thu, 06 Mar 2008 16:16:40 +0000 http://www.getrichslowly.org/blog/2007/08/29/requesting-and-receiving-the-raise-you-deserve/#comment-121122 [...] A guest post on Get Rich Slowly shares how to go about requesting (and receiving) the raise you deserve. [...]

[...] A guest post on Get Rich Slowly shares how to go about requesting (and receiving) the raise you deserve. [...]

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]]> By: How to Earn More from Your Current Job (Without a Raise or Promotion) ? Get Rich Slowly http://www.getrichslowly.org/blog/2007/08/29/requesting-and-receiving-the-raise-you-deserve/comment-page-1/#comment-114760 How to Earn More from Your Current Job (Without a Raise or Promotion) ? Get Rich Slowly Wed, 30 Jan 2008 13:00:23 +0000 http://www.getrichslowly.org/blog/2007/08/29/requesting-and-receiving-the-raise-you-deserve/#comment-114760 [...] most common ways to increase your salary are to get promoted or to negotiate a raise. But promotions don’t come along often, and negotiating a raise may or may not result in a salary [...]

[...] most common ways to increase your salary are to get promoted or to negotiate a raise. But promotions don’t come along often, and negotiating a raise may or may not result in a salary [...]

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]]> By: Cerita orang makan gaji (7) « Kecek-kecek Tok Mudin http://www.getrichslowly.org/blog/2007/08/29/requesting-and-receiving-the-raise-you-deserve/comment-page-1/#comment-96919 Cerita orang makan gaji (7) « Kecek-kecek Tok Mudin Thu, 06 Sep 2007 00:31:23 +0000 http://www.getrichslowly.org/blog/2007/08/29/requesting-and-receiving-the-raise-you-deserve/#comment-96919 [...] Artikel ini berkaitan dengan cerita orang makan gaji yang mahu demand dengan majikan.  Kalian rasa tidak dibayar seperti selayaknya? Bacalah Requesting (and Receiving) the Raise You Deserve. [...]

[...] Artikel ini berkaitan dengan cerita orang makan gaji yang mahu demand dengan majikan.  Kalian rasa tidak dibayar seperti selayaknya? Bacalah Requesting (and Receiving) the Raise You Deserve. [...]

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]]> By: AW http://www.getrichslowly.org/blog/2007/08/29/requesting-and-receiving-the-raise-you-deserve/comment-page-1/#comment-96777 AW Sun, 02 Sep 2007 23:05:56 +0000 http://www.getrichslowly.org/blog/2007/08/29/requesting-and-receiving-the-raise-you-deserve/#comment-96777 Good advice. I would add that you'll want to get as realistic of an idea as possible for the level of compensation of your peers within your organization, as these are the people who you are going to be judged against the most. Try to come up with how your "Productivity vs. compensation" ratio ranks against other coworkers. It's hard because you rarely know much about how others are paid, but you can sometimes get an idea. I would also caution against sites like salary.com and such. Unless you are in a major industry in the heart of your city, I've noticed that the figures are always way too high. Thanks for the post! AW <a href="http://tsmoney.blogspot.com/" rel="nofollow">TwentySomethingMoney blog</a> Good advice. I would add that you’ll want to get as realistic of an idea as possible for the level of compensation of your peers within your organization, as these are the people who you are going to be judged against the most.

Try to come up with how your “Productivity vs. compensation” ratio ranks against other coworkers. It’s hard because you rarely know much about how others are paid, but you can sometimes get an idea.

I would also caution against sites like salary.com and such. Unless you are in a major industry in the heart of your city, I’ve noticed that the figures are always way too high.

Thanks for the post!
AW
TwentySomethingMoney blog

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]]> By: Cash Money Life - Personal Finance with a Salute to the Military » This Week in Review - My Favorite Personal Finance Posts http://www.getrichslowly.org/blog/2007/08/29/requesting-and-receiving-the-raise-you-deserve/comment-page-1/#comment-96737 Cash Money Life - Personal Finance with a Salute to the Military » This Week in Review - My Favorite Personal Finance Posts Sat, 01 Sep 2007 14:53:43 +0000 http://www.getrichslowly.org/blog/2007/08/29/requesting-and-receiving-the-raise-you-deserve/#comment-96737 [...] Rich Slowly (Guest Post by Alexandra Levit): Requesting (and Receiving) The Raise You Deserve. A great article about how to show your boss the contributions you have made, how to ask for a [...]

[...] Rich Slowly (Guest Post by Alexandra Levit): Requesting (and Receiving) The Raise You Deserve. A great article about how to show your boss the contributions you have made, how to ask for a [...]

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]]> By: Alexandra Levit http://www.getrichslowly.org/blog/2007/08/29/requesting-and-receiving-the-raise-you-deserve/comment-page-1/#comment-96632 Alexandra Levit Thu, 30 Aug 2007 17:12:01 +0000 http://www.getrichslowly.org/blog/2007/08/29/requesting-and-receiving-the-raise-you-deserve/#comment-96632 Hi Everyone, just wanted to thank you all for your great comments...so smart and thoughtful! It has been a blast guest-posting on J.D.'s awesome blog and if any of you have suggestions for another post that would gel well with my expertise, I'd certainly welcome them. Best, Alexandra Levit Author, They Don't Teach Corporate in College Blogger, Water Cooler Wisdom http://www.alexandralevit.com Hi Everyone, just wanted to thank you all for your great comments…so smart and thoughtful! It has been a blast guest-posting on J.D.’s awesome blog and if any of you have suggestions for another post that would gel well with my expertise, I’d certainly welcome them.

Best,

Alexandra Levit
Author, They Don’t Teach Corporate in College
Blogger, Water Cooler Wisdom
http://www.alexandralevit.com

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]]> By: Tim http://www.getrichslowly.org/blog/2007/08/29/requesting-and-receiving-the-raise-you-deserve/comment-page-1/#comment-96577 Tim Thu, 30 Aug 2007 10:49:39 +0000 http://www.getrichslowly.org/blog/2007/08/29/requesting-and-receiving-the-raise-you-deserve/#comment-96577 Remember asking for a raise or increased "compensation" is a negotiation. so treat it as such. Never go into a negotiation empty handed and without options. Don't be afraid to shoot for the stars if your performance merits it. You should always have an acceptable compromise ahead of time, though. I would keep telling my wife she should ask for more, because it was clearly obvious the company valued her more than she realized. Her company was very stingy, though, and would only give her a little raise when she asked after a performance review. However, in her final negotiation for increase, I told her she needed to be firmer in her position. At the end of the day, she finally got what I thought she should have thought she was worth. Her salary went from $30k to $80k in a year and a half. another key point is, if you do not get a raise, promotion, or received a raise short of your expectation, you should get a clear explanation and quantifiable standards and benchmarks from your boss written in your review and expectations that would merit a raise, a higher raise, or a promotion. Bottom line, don't be afraid to ask your boss what it will take to get the raise and promotion. Does this ensure you will get a raise in the end, no, but it will give you leverage in your negotiation that would be difficult for your boss to ignore. If the company develops a pattern of not meeting its promises, then be prepared to leave. Remember asking for a raise or increased “compensation” is a negotiation. so treat it as such. Never go into a negotiation empty handed and without options. Don’t be afraid to shoot for the stars if your performance merits it. You should always have an acceptable compromise ahead of time, though. I would keep telling my wife she should ask for more, because it was clearly obvious the company valued her more than she realized. Her company was very stingy, though, and would only give her a little raise when she asked after a performance review. However, in her final negotiation for increase, I told her she needed to be firmer in her position. At the end of the day, she finally got what I thought she should have thought she was worth. Her salary went from $30k to $80k in a year and a half.

another key point is, if you do not get a raise, promotion, or received a raise short of your expectation, you should get a clear explanation and quantifiable standards and benchmarks from your boss written in your review and expectations that would merit a raise, a higher raise, or a promotion. Bottom line, don’t be afraid to ask your boss what it will take to get the raise and promotion. Does this ensure you will get a raise in the end, no, but it will give you leverage in your negotiation that would be difficult for your boss to ignore. If the company develops a pattern of not meeting its promises, then be prepared to leave.

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]]> By: SingleGuyMoney http://www.getrichslowly.org/blog/2007/08/29/requesting-and-receiving-the-raise-you-deserve/comment-page-1/#comment-96546 SingleGuyMoney Wed, 29 Aug 2007 23:51:23 +0000 http://www.getrichslowly.org/blog/2007/08/29/requesting-and-receiving-the-raise-you-deserve/#comment-96546 Great advice. I will definitely remember this when I go ask for my raise. Great advice. I will definitely remember this when I go ask for my raise.

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]]> By: junger http://www.getrichslowly.org/blog/2007/08/29/requesting-and-receiving-the-raise-you-deserve/comment-page-1/#comment-96538 junger Wed, 29 Aug 2007 21:25:24 +0000 http://www.getrichslowly.org/blog/2007/08/29/requesting-and-receiving-the-raise-you-deserve/#comment-96538 One piece of side advice: always, always know what the going rate is for your work. Don't let your employer get off paying you under market value (even if you like working there). Obviously, don't threaten to leave if you don't get a raise, but make it known that comparable positions at other companies are compensating better. One piece of side advice: always, always know what the going rate is for your work. Don’t let your employer get off paying you under market value (even if you like working there).

Obviously, don’t threaten to leave if you don’t get a raise, but make it known that comparable positions at other companies are compensating better.

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]]> By: Doug http://www.getrichslowly.org/blog/2007/08/29/requesting-and-receiving-the-raise-you-deserve/comment-page-1/#comment-96531 Doug Wed, 29 Aug 2007 16:35:33 +0000 http://www.getrichslowly.org/blog/2007/08/29/requesting-and-receiving-the-raise-you-deserve/#comment-96531 As a manager, I would like to add one more point. Know when your company or department evaluates its budget for the following year and ask for the raise before that point. It is significantly easier to handle a raise when I can include it in the budget, versus squeezing it in after the fact. If your company is like ours, performance reviews are actually done about 1 month after budgets have been finalized for the following fiscal year. Does it make sense? No...but that is how it works. As a manager, I would like to add one more point. Know when your company or department evaluates its budget for the following year and ask for the raise before that point.

It is significantly easier to handle a raise when I can include it in the budget, versus squeezing it in after the fact.

If your company is like ours, performance reviews are actually done about 1 month after budgets have been finalized for the following fiscal year. Does it make sense? No…but that is how it works.

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