HERE ARE 7 OF THE MOST COMMON THINGS PEOPLE DON'T KNOW ABOUT GETTING A RAISE.
1. A $4000 raise now can be worth more than $1 million dollars later How's that for one 20 minute conversation! If invested each year with 10% interest compounding over 35 years that single raise becomes $1,084,097.
2. Once you know how to ask for a raise this can be done again and again and again.
If you make yourself valuable to the organization, this is much easier than most people think.
3. You can add value by making life easier for your boss. Many people think you should just be great at your job and sit back and trust the company to come to its senses and give you a raise. People who have successfully received raises know that it takes more than that.
You should be great at your job, but even more important is how you are making life easier for your boss.
4. 87% of us will never ask for a Raise because we are afraid of getting rejected. We are scared for our bosses to say no or think that we are greedy. We are worried about humiliating ourselves and
In reality most of us just don't understand the how to ask and the right words to say.
5. Most people don't understand what to ask for or what they are really worth so they don't ask for anything at all. This is a little like saying "I don't know what I'm going to order from a restaurant so I'm just not going out to eat", showing up and ordering anything off the menu will likely be better than staying at home and not ordering anything at all!
6. You are worth whatever a company is willing to pay you This is the hardest concept for most of us to grasp. Your boss and your company will not say yes to anything that is not good for them. If you have made yourself a valuable employee then paying you more instead of searching for someone else is good for them.
There are a lot of websites like Salary.com and the BLS.gov that show you what jobs get paid on the average but if your company wants to pay you $25,000 more than what you make, then you are now worth that salary.
7. You don't know how to ask or the right things to say to get a raise. Most people who have asked before and been told "well it's just not in the budget this year" just give up. They hang their heads in shame and retreat to their office and wonder how they could have been so stupid.
Instead just by knowing the right things to say and how and when to ask can make a complete difference between a "sorry, my hands are tied" and you walking out $4000 richer!