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5 tips for a good salary hike

Salary negotiations are tough under any circumstances. We really need that extra amount of money but we aren't sure how to get it without being sounded as self-interested jerk. But one thing is sure: “You
5 tips for a good salary hike - India TV
India TV News Desk May 01, 2015 18:08 IST

Salary negotiations are tough under any circumstances. We really need that extra amount of money but we aren't sure how to get it without being sounded as self-interested jerk. But one thing is sure: “You don't get what you don't ask for.” Just like you will never make any sales if you don't make any calls. However, a large number of people aren't prepared to take the leap because they feel uncomfortable and stressed in asking, so they fail to plan and control the situation, which makes achieving anything difficult.

Given that the economic status of a lot of companies has been challenging over the past few years, getting a raise may be hard but not impossible. All you need is some constructive approach. Remember, employees are valuable assets that a company does not want to lose. . Hiring, training and overhead costs may make the expense of hiring someone to replace you could be greater than the cost of your improved salary.

But before we elaborate more on how to go about it, remember there is no 'proper' or standard way to ask for a raise or salary increase. People are not often trained to do that so is their approach. They discuss informally; discuss with colleagues and hope the boss gets to hear, but it is not the right way to approach.

First you to need to recognize the difference between the role that you perform and your value as an individual (or the employee's value). If you are totally frustrated with your pay levels despite trying all the techniques, it could be that your boss or employer has simply reached the limit of the value that they can place on your role, which is different to your value as an individual. Your reward level will be suppressed if your role does not enable you to perform to the fullest. For instance, a doctor who teaches the students gets the salary of teacher not the doctor's.

Salary levels are largely dictated by market forces, and the contribution that the employee makes to organisational performance. Acknowledge and take control of your earnings. Here are some tips:
 

 

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