| U-News & Views, The University of Utah Alumni Association’s Online Newsletter—June 2008 | ||||
I Need a Raise!! |
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Let’s face it: Many jobs have stagnant salaries and little capacity to grow or ladder within a company. Coupled with increasing consumer prices, not to mention gasoline and mortgage costs, surviving on a diminishing income is an understandable—and real—concern. Alumni often seek my advice about finding a job that offers greater incentives and a better livelihood. They are frequently motivated because a baby is on the way or a home mortgage has become crushing or they feel trapped because of income stagnation. The most important thing to keep in mind here is that employers are never motivated to give you a raise based on your perceived need. So you lost money in Wendover or spent too much on your vacation in Cancun? Don’t expect sympathy from a bottom line-oriented, tight-fisted manager. Prior to lobbying your boss for a raise, there are a couple of things you need to consider:
Remember: Asking for a raise is a high stakes game— not to be played by the faint-hearted. So, how do you leverage your skills and talk to your boss about an increase in financial compensation? One answer is the Performance Review. No, not the staid traditional review handed out once a year by your department head or human resources—the one that keeps you operating exactly the way you were before the review. Instead, the “Performance Review” I’m talking about involves devising an effective strategy, which is contingent on your ability to plan, command, and initiate. You must take control and be prepared to strut your stuff in order to increase your chances of success. Question: What can you do to convince your boss that you are a valuable, high-performing employee? Answer(s):
By so doing, you are actively influencing the outcome. So, where to begin? Following is a crib sheet to help you get organized:
Your job in this “Performance Review ” is to control the discussion so that you can influence the outcome. This type of strategy demonstrates careful planning and an understanding of the company—and the reality of the situation.
Need strategies to be more successful in the workplace? |
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U-News & Views ©2008 — An online publication by The University of Utah Alumni Association Questions? Concerns? Contact Linda Marion, editor, (801) 587-7837 or Marcia Dibble, assistant editor, (801) 581-6996 |
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