Asking for a Raise

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Despite leaps and bounds in the social status of women, there is still a gap in salary between genders. However, some of that gap is often due to women simply not asking for what they’re owed; after all, even if an employee is worth more, most employers won’t willingly pony up the cash unless asked directly.
Asking for a raise not only has an effect on your current financial situation, but also your future: the more money you make now the more any future employer will be willing to give you. A higher salary also often gets you a higher bonus, higher company retirement contributions, and so-on.
So how do you get more?
Do your research. Employees are commodities that earn companies and businesses income. Figuring out how much you’re making your company, and then determining what percentage of that amount you’re entitled to, is the best starting point when asking for a raise. From this juncture, determine what the average in your job market is, both inside and outside of the company, and use this number as a guideline for how much more you stand to earn.
Know what to ask for. Oftentimes, a company may have a max salary for a position, and you may be at it. If you still feel you are worth more, look into your company’s policy regarding other compensation. You may be able to negotiate a bonus, stock options, or other benefits in lieu of an increase in pay.
Speak up. Once you have all of your ducks in a row, set up a meeting with your direct supervisor and ask for the raise, laying out all of the reasons that you are worth the amount you’re asking for. Keep your cool, remain professional, and listen closely to what your employer says.
Remember: it never hurts to ask.




