Asking The Boss For A Raise?

With the higher cost of living, more employees are thinking of asking for a pay raise from the boss. But the problem is, everytime an employee asks for a raise, his approach is fairly simple and self-serving: "Boss, I need to talk to you... I really need a raise... I can't make ends meet anymore with what you are paying me... I have to ask you or find another job." The problem is with that kind of an approach, you'd probably get the boot instead of the thumbs up that you need. So what do you do?

First, take stock of what you have been bringing into the company. Have you been selling more? Have you been producing more? Have you been helping the company save on costs? Have you been assisting the company get more business? You have to evaluate on your own whether or not you are indeed an asset to the company or whether you have become a baggage to the company. Knowing where you are coming from helps you assess your worth in monetary terms to the company.

Next, check what other companies are paying for the kind of work that you do. This gives you an idea whether or not your boss is paying you what is considered "industry standard". If he is paying you what everyone else in the industry is paying, then most likely, a straight approach to asking for a raise won't work. You need a different strategy, which we'll go to in a little while. Checking with other companies will also give you an idea as to whether there are job vacancies you can fill in case you get the boot. This will give you a sense of confidence knowing that if your boss turns your request down and at the same time gives you the boot, you have somewhere to go.

Now, back to the strategy I was referring to. Your When you ask the boss for a raise, you remind him of how loyal you have been to your company, as well as all of the good things you have done for your company. You tell the boss that you want to stay in the company but money has been tight lately and you need a pay raise. You offer the boss a way to pay this raise to you by offering to take on additional responsibility or work for the additional pay. Most of the time, the boss will see that there is wisdom in keeping you and kicking out some useless employee whose job and responsibilities you can take over from. Most likely by kicking out the other employee and giving you a raise will result in the boss saving on labor costs.

My last piece of advice, just make sure that you ask for the raise first before anyone else of value to the company approaches the boss with the same offer. You might be the "useless" employee he is willing to sacrifice to save on labor costs.

Remind the boss that you are an

Asset to the company and that you can further increase the company's

Income and find ways to

Shrink the company's

Expenses

That is how to ask for a raise.