Monday, November 18, 2019
3 Ways to Increase Your Chances of Getting a Raise for 2019
3 Ways to Increase Your Chances of Getting a Raise for 2019 3 Ways to Increase Your Chances of Getting a Raise for 2019 We all want to make more money at work , and the start of a new year often coincides with a boost in income. That said, raises are by no means guaranteed, and just because your friends and peers might be getting an increase doesnât mean you should automatically expect the same. If you really want to score a raise for 2019, here are some steps you should take. You might think that asking for a raise would lower your chances of getting one, since youâll risk coming off as too bold or greedy. But actually, 70 percent of workers who request more money are successful to some degree. Just as importantly, 39 percent of those who ask for raises get the exact boost theyâre looking for, which is why it pays to not just state that youâd like more money, but rather, give your boss a hard figure to work with. That said, you donât want to put off the raise discussion much longer, because the closer you get to the end of the year, the more likely itâll be that your company will have mapped out its 2019 budget. And if thereâs no room in that budget for the number youâre asking for, you might get denied on the basis of bad timing. Maybe you have an idea of what most people in your industry make. But wouldnât it be better to have precise figures? The more salary data you dig up and present to your manager when asking for a raise, the stronger a case youâll ultimately build. There are dozens of sites you can use to access this information, such as Glassdoor, which has a Know Your Worth tool that lets you research salary data by industry, job title, geographic location & more. That last point is important, because while sites like the U.S. Bureau of Labor Statistics might give you salary averages on a national level, it pays to get more granular when making the case for a raise. After all, if you live in New York City and have the same job title as someone in rural Georgia, your salary should be higher by virtue of the higher cost of living youâre exposed to. Therefore, be sure to find research that accounts for geographic differences when making your case. Just because the average person in your area with your job description makes $60,000 doesnât mean you deserve to be earning that much. If you really want to sway your boss to give you a boost, earn it. Take a class to improve your skills, volunteer for a new project that no one else seems to want to own or push yourself to finish up a major task you know your manager has been waiting on. Itâs one thing to tell your boss youâll do an even better job in 2019, but itâs another thing to take steps today to prove that youâll be able to make good on that promise. A raise wonât necessarily just land in your lap. If you want your earnings to increase in the new year, youâll need to be proactive in making that happen - even if it means working harder and stepping outside of your comfort zone. This article was originally published on The Motley Fool . It is reprinted with permission.
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