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RSI - Executive Search Firm News | Company Newsletter, December 2013

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The RSI Executive Search Firm News Center Area is designed as a resource for Employers and Candidates for the Executive Search Recruiting Industry. The RSI Executive Search Firm News Center contains Company Newsletters, Article Series Career Corner, Management Matters & Indutry Related Articles covering RSI's 18 Verticle Search Markets and RSI Client Case Studies.

 
 
 
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RSI Executive Search Firm Company Newsletter, December 2013

Issue: #31
Date: December 2013


December 2013 Newsletter: The 5-Step Process to Requesting a Raise PDF Version
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This Month in the RSI Newsletter
» December 2013

Executive Search Firm Newsletter Executive Search Firm Newsletter

The 5-Step Process to Requesting a Raise

At some point or another, employees reach a point in their careers where they request a raise. Depending on the way in which the employee approaches their boss about receiving one (in addition to whether or not their performance merits one) relies heavily on the manner in which the employee presents their case. Considering that the idea of asking for a raise tends to provide minor panic attacks for most, it can actually be an easier process than most make it out to be. By following a few simple steps, the process of requesting a higher rate of pay can be made simpler for both you and your boss.

1. Research: Prior to going to your boss to ask for a raise do your homework. Use the internet to find out what people in your field are earning. Make sure that you account for your location and years of professional experience. Similarly, research how much you can earn to allow you and your company a little flexibility in the exact dollar amount if a raise is awarded.


 

 

Continued...

2. Consider the Financial Status of Your Employer: Before you can even realistically consider the option of asking for a raise, you need to review the financial health of your organization. If your company is doing exceptionally well, it's probably an ideal time to approach your boss for more pay. However, if your company is floundering and there are rumors of layoffs receiving a raise is highly unlikely.

3. Prepare Your Case: Once you have done your homework it is time to begin working on why you deserve a raise. It is important to remember that when approaching your boss for a raise, you need to be prepared to show not only why you deserve one, but how your contributions benefit the company. The easiest way to do this is to draft a list of your accomplishments while at the company with your most recent first.

 

 

Continued...

4. If You Don't Receive the Raise: When preparing to ask you boss for a raise, you should also consider what actions you will take if you do not receive one. Will you remain at the company or will you begin to explore other options. It's also a good idea to consider the reasons why your boss did not award you a raise. If they were performance based, consider examining what you can do to improve your performance so you may be eligible to receive a raise at a later date.

 

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