If you want to save more money so you can invest and grow your assets, you can either save more of what’s left of your income after you pay off expenses and liabilities or you can seek to grow your income. While most people can understand the former, most don’t see that the latter is also a viable option. You only need to ask your boss for a raise the right way.
You have to keep in mind that if you are worth your salt, your boss will know this and would want to retain you. If you are being underpaid, your supervisor or boss would know and would pay you what you’re worth instead of lose you to the competition. It’s rough out in the business world. It is dog-eat-dog.
If your boss refuses to pay you what you’re worth, you might eventually end up working for the competition and your old employer may be put in a competitive disadvantage. They know this. This is why most employers are more than happy to give raises to their employees provided their employees’ productivity and work value is worth more than the raise.
With that said, here are the four ways not to ask for a raise.
You Are Entitled To It
If you present your case to your boss in such a way that it comes off that you are entitled to a raise, only two things can happen. Either your boss will cave to your demands but put you on a tight leash to make sure the company recoups the extra cash it is paying you or your boss will flat out refuse. People with a sense of entitlement tend to become liabilities in organizations and this is why many of them don’t make it far up the company ladder. Don’t be one of these people.
Make your case by proving that the value and output you bring to the table are company assets. You are worth only what you bring to the table. Nothing more. Nothing less.
Other People Got Promoted, Why Not Me
If you point to the fact that other people who started at the company at the same time you did are now making way more money than you and have higher positions, you are playing a losing game. There is no such thing as ‘social promotion’ in the work world. This isn’t high school where you are pushed to the graduation line even if you can barely read.
Promotions are all based on merit. If you want to get promoted and earn more, you need to do it the old-fashioned way-you have to earn it. You earn it by increasing your productivity and your work’s value.
Emphasizing Your Team Spirit
Another way people try to justify a raise is they play up their team spirit and team participation. While there is some value to esprit de corps and how you pep up people around you, you must also have enough competence and work performance to bring to the table. Companies aren’t looking for mascots or clowns. They are looking for leaders, role models, and producers. Be one of those people. Show them just how valuable you are to the company.
Threatening To Quit
Sometimes, the whole raise negotiation process is like a game of poker. You have to know when to push your luck and when to fold. If you threaten to quit, you better have the occupational equivalent of a ‘full house’ in your hands – you have to be a star employee with high levels of productivity and work quality. A few awards and commendations won’t hurt either.
Still, you have to play the ‘Give me a raise or I quit’ game with a nice hand. Otherwise, if you are a mediocre employee, you will just be bluffing and guess what – your boss might call you out on it. Don’t play this game unless you can back up your threats or else you’ll be looking for a new job pretty soon.