Go Ahead, Ask For A Raise (Even In This Economy)

The economy is struggling, jobs are being cut, and employees are laying low, trying not to draw attention to themselves.  You may think, “This isn’t the best time to ask the boss for a raise.”   Maybe it’s not out of the questions, as long as you’re prepared.  CnnMoney.com has 5 things to consider before asking for a raise:

  • Don’t wait for a rebound in the economy. Instead make your move when you can prove that you’re deserving with concrete examples of accomplishments.
  • Timing is important. Most companies have a budgeting cycle, so come in before, not after the company has made raise decisions.
  • Prepare your case. Give the company your best arguments, such as how hard you’ve worked and what you’ve accomplished.
  • Ask for help, not money. Say to your boss, “I’d really appreciate your guidance on what I need to do to get a raise.”  That way he’s more likely to become your advocate.
  • Live to fight another day. Let’s face it, you may get turned down for that raise.  If you do, don’t start a confrontation, or threaten to leave.  Unless of course if have a place to go.  Keep it friendly.  Your turn may come the next time around.

Speaking of somewhere else to go, the results of a recent poll may send a chill through many employers.  It found that as the job market begins to loosen up, companies might be surprised by an announcement from employees they haven’t heard in a while… “I quit.”

The poll by human resources consultant Right Management found that 60 percent of workers said they intended to leave their jobs when the economy got better. Here are the results:

  • 60% – Yes, I intend to leave
  • 21% – Maybe, so I’m networking
  • 6% –  Not likely, but I’ve updated my resume
  • 13% – No, I intend to stay

Let me know what you think.  Answer the same question, and I promise not to tell your boss (don’t worry, it’s anonymous).

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