It's Appraisal time! Now, from March-April companies will start evaluating the past performance of their employees and will be preparing a name list of their employees deserving a raise. However, if you are not sure that your company is thinking about you, then you might want to ask them yourself. That’s why this blog will help you with the right way to ask for a raise as this financial year is ending soon.
Well, sometimes you gotta ask for what you deserve. You need to remind people what you are capable of and what your worth is. An employee's value increases at a constant pace every year and the difference is displayed with their annual salary hike. Sometimes it gets very satisfying but other times it does not hit the mark. So, you will have to learn and adapt to a very genuine way of asking for a raise so as not to convey any negative vibes like sounding greedy, or selfish or you searching for the next job with search jobs by category filter.
Every year organisations review the performance of their employees after creating a list and as per their evaluation they receive a raise or promotion. However, in some cases, the companies may not give you a timely raise automatically and you will have to show that you need one. So, if you surely know you are a deserving candidate then you should follow the chain of command and notify your manager about your achievements because of which you should get a salary hike. However, if you are denied then you can apply to another company to search jobs by category option. And with a new offer letter, you can show your new worth to your company.
Before asking for a salary hike you should research and find out about the worth of your job title and performance. Compare it with the current market value like what others are paying. If you find a great difference then you are underpaid and should ask for a genuine raise. In this scenario, you will sound very reasonable and not greedy. But remember that there are several factors that a company cannot ignore and creates a salary difference, like geographical location.
But what when you are already sitting at the top of the pay scale? In this case, general reasons will not be satisfying enough. You will be requiring additional research and causes to set you up at an increased salary cone. And if all the things failed then you can always search jobs by category, just kidding. But as for your research, there are several job posting websites that can tell you your exact worth with increasing experience.
Before setting up a meeting with your Manager, build yourself a strong case as a weapon to win your case. Yes, this sounds exactly like fighting a case in court, where your appeal is just for a reasonable salary hike. A salary hike is a serious matter because there are tons of employees out there to search jobs by category to replace you for a low pay scale. That’s why you will have to show your value.
You are probably thinking what’s the need for such intense preparation? Am I capable enough for the company to give me a raise? Right? Always remember that at every point in life, you have to show people what your worth is. And that’s why you will need a strong case instead of just preparing a comprehensive presentation. But it does not mean that we are asking you to prepare a 30-40 page progress report. Your presentation can be short, up to the point, and filled with mind-penetrating words.
During appraisal months, March-April, you are not the only one who is busy creating the performance review report. In fact, your manager is more indulgent in evaluating the work performance of your whole team for the appraisal month to pass the report on to the seniors. So, make sure your manager is in the best emotional state as an employee himself, when you approach him with your request. If you consider setting up an early discussion meeting then open your agenda prior to the meeting time, so that he knows what he is offering his time for.
Also, make sure during the conversations you should not sound negative, demanding, or rude. Keep your conversations steady and peaceful. Always focus on conveying the facts and being reasonable. Because there are several other candidates looking for the latest job openings in India, to replace you. However, do not worry if you have achieved great accomplishments like landing a new client, delivering a new project before the deadline, handling responsibilities perfectly more than you were hired for, etc.
If you feel nervous about asking for a raise in your company, then you are not alone. Almost every employee feels cold and nervous about asking for a salary hike. There are so many doubts that strangle one’s mind like what if they replace me, what if they talk rudely, what will I do if they deny, etc. However, remember you have to ask for what you deserve not only in a company but also several times in life events. And you are not just bragging about your accomplishments and responsibilities. If you are a hard and smart working person then it automatically displays to others working in the same environment as you are. People while searching for the latest job openings in India, search for the best-paying and relevant job postings online. Similarly, it's also best for you to do the same in your current organisation and ask for the pay scale you deserve.
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