Even with the economy on the upswing, you may be reluctant to ask for a
raise.
What's the use of asking for money when layoffs are still in the wind?
And why take the risk of calling attention to yourself when managers are
still looking for costs to cut? Maybe the smart thing is to keep a low
profile and not bother the boss, you think.
Ah, but somebody gets a raise every year. And it might as well be
you.
In 2003, pay increases nationwide averaged about 3%, the smallest
increase since the 1980s, according to Mercer Human Resource Consulting in
New York. But pay raises might be larger this year. And companies may be
more open to giving raises than you think, especially if you're a
revenue-raising go-getter or a person with skills made rare by waves of
layoffs.
"The bottom 90% [of workers] might be hearing 'Take one for the team,'"
says Bill Coleman, senior vice president of compensation at Salary.com, a
compensation research site, "but the top 10% are often given whatever it
takes to improve their compensation."
Ready to go in and ask? Here's advice on how to proceed tactfully.
Choose the Right Moment
Don't wait until your annual performance review to ask for a raise. Find
out when your company's fiscal year starts, which is when managers
typically make budget requests, and have your talk a few months before
that.
"You might say, 'Hey, I know you're working on budgets and that things
are really tight. I was just wondering what you think about my chance of
getting a raise. If you need justifications, I can help,"' advises Amy
Jantz, senior compensation and benefits manager at WorldatWork, an
association for human resources professionals.
Always try to capitalize on a professional triumph immediately after
you've scored it. Laurie Jaramillo of Pasadena, Calif., did this. First,
she succeeded in boosting sales sharply in Northern California as a
regional sales manger at Styles for Less, a women's clothing chain. Then
she asked for a raise -- and a promotion -- after the company tallied its
2002 results in April 2003. She got a 27% salary increase and a new title,
director of stores.
Pitch It in Writing
The person who actually decides on your raise may not be your direct
boss and may not know you. So describe in writing how your work is helping
the company. When Gary Rhoades, litigation director at the Housing Rights
Center of Southern California, asked for a raise in January 2002, he sent a
two-page memo to the board detailing how his department was starting to pay
for itself.
"I think the work I put into the letter itself showed how serious I
was," says the 37-year-old Los Angeles resident. He got a 16% raise, not
the 30% he wanted. But he also got a cellphone and more vacation.
Think Beyond Dollars
Your manager may not be able to bypass strict salary limits set by the
company, but there could be other incentives. Five years ago, 48% of
companies awarded spot bonuses. Today 53% do, and an additional 8% are
considering it, according to Mercer.
Judy Feld, an executive and career coach in Dallas, advises her clients
to ask for bonuses, vacation time or other benefits in addition to
raises.
"That gives them a fallback position -- something the company can say
yes to," she says.
If Spurned, Try Later
If you've been turned down for a raise, don't be discouraged. Ask how
you can improve your chances next time. Gary Rhoades was told that the
company would consider giving him another raise in six months. Before that
deadline was reached, he was named a California attorney of the year by
California Lawyer Magazine.