exhibitor q&a
Ask Dan
Q.
It's been five years since my last raise, and my boss acts like we're still in the middle of a recession. How do I ask him for a well-deserved pay hike?A.
To effectively convince your superior that you're worth a salary increase, you must be prepared to not only prove your past value to the company as a whole but also show your future worth. Approach it like a lawyer preparing to argue a case in court. The first step is to set time aside with your boss so that he knows it's going to be a formal discussion about your salary. Next, before meeting, do your homework. Your goal here will be to try to factually show why you are worth more than what you're currently making. For example, list all your duties, especially those that have been added in the last five years since you had a raise. Then, break down those responsibilities and illustrate how you accomplished them to the company's benefit. When possible, estimate how much less time and support you required with these tasks than others might have, thus potentially saving the company even more money. Following that, project how much those same efforts will likely profit the company over the next few years as well. Finally, if applicable, demonstrate that your existing wage is not within the current range for either your industry and/or your geographic area. By objectively making your case in the manner listed above, you may end up with a raise that lifts your spirits as much as your income.E
Dan Lumpkin, organizational psychologist, is the president of management-consulting company Lumpkin & Associates in Fairhope, AL. Need answers? Email your career-related questions to askdan@exhibitormagazine.com.
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