Professional Documents
Culture Documents
to be one of those terrific entrepreneurs who figures out the way to create
income worth millions from under a palm tree, but the fact of life is that most
of us are going to have to get income the good, old-fashioned way – by toiling
That’s why it’s so important to ensure that you are receiving adequate
compensation for your efforts. Most of us do focus on this aspect of our jobs
before we accept an offer, but lose track of fair salary once we’ve been
entrenched in a position.
Part of the problem is that, with today’s long hours and democratic office
etiquette, our bosses are often our “friends.” That’s a great state of affairs
when you’re enjoying a celebratory drink at the end of a long project, but not
so good when you’re asking for money. Remember, it’s not polite to ask your
friends for money – in fact, you’re really not even supposed to talk about it.
However, you can’t just wait around and hope that your “friend” remembers
to reward your hard work with financial remuneration. The chances are that
she achieved her current position by knowing how to manage a good team
and keep her overhead low. The likelihood that she’s going to tell her
superiors that her good buddy needs some more of their money is probably
pretty low. To put it baldly, she looks a lot better by getting great results from
for a while and haven’t seen a noticeable increase in your paycheck, it’s time
The first thing to consider is whether you actually deserve a raise. Look
Start your research. What is the industry standard for salary? What are most
And, most importantly, what is it that you want? I once decided to forego a
substantial raise in return for a benefits package that was generally not
available for someone in my pay bracket. That was my decision. I asked for it,
You also need to determine what objections may arise if you ask for a pay
increase. If your company is in the midst of vast layoffs to cut costs, your bid
for extra funding may help management make a tough decision easier. No
one wants to be the boss of someone who isn’t happy with what they have to
offer.
upcoming review (in which case you may ask to expedite the review), or
concerns about the War in Iraq or Britney Spears’ weak parenting skills. You
to brace yourself for any fall-out. If you are not on very good terms with your
I once had an employee who barged into my office and told me flatly that
When I wished him well at his new company, he admitted that he’d
He wasn’t that valuable, and my hand wasn’t forced. Within a week, he was