Don't you think it's about time you got a raise?
Ok, we get it. You’ve been working beyond your job description, making up for last year's lay-offs for months now.
You know you're actually overworked and underpaid although, according to your mother at least, you're actually “lucky to have a job.”
It's clearly time for a raise. But, before you bang on the door, consider the following steps, say the folks at PayScale who regularly track who earns what.
You need to know not only what your organization pays people for your current or upcoming role, but what competing organizations would pay as well.
Figure out your worth in the marketplace by using an online salary calculator with some Canadian data. Also check job listings and pay ranges, to see if you're the rare find you think you are.
Sell your worth. Securing a raise isn't about your needs or about the recession, it's about the value you've added to your organization. Along with salary data, provide examples of where you saved or made your company money. Maybe you recently landed a lucrative client, for instance.
Pick the right time. Choose the right time before you ask your boss for a raise. Prepare your case and then head into that office at the first sign of good news.
Prepare to renegotiate. "No" is difficult to hear but it doesn't mean you don't deserve the raise or won't land it eventually. It will be easier to take the plunge next time, particularly if you have a good idea of why you weren't successful this time around.
Don't pout. No matter how frustrated you feel, don’t say anything resembling, “Well, now I’ll have to consider whether I’ll be able to stay here” or “I guess I’m not as valued here as I thought I was,” adds career coach Alexandra Levit.
When was the last time you asked for a raise? Any success? Any suggestions?
By Gordon Powers, MSN Money
Posted by: Roger D. | Apr 10, 2021 1:40:08 AM
I disagree. Over the past 4 years employers in Canada have been abusing the economic downturn and have used the excuse to severely cut their employees pay, and lower the starting salaries for new hires.
I know, I've been tracking employment trends for the past 7 years. Its time the employees put a stop to this. It is wrecking the economy by decreasing the consumers purchasing power and it has created a massive loss in expendable income for individuals. Employers state they cannot afford to pay more, or that it will jeopardize the business, but in the mean time they do not cut their own salaries or those in upper management roles ... which means they aren't really struggling.
If you want a raise, you probably deserve one because you probably make below the average Canadian income. Ask for it. It doesn't matter when, how, or why. You don't need to prove yourself to your employer. Don't negotiate. Ask for it, and if they say no, walk out the door. Its plain and simple. They'll see how long it takes to hire someone capable enough for the position, and if they do, they too will eventually ask for a raise. And if they do not give it they will lose that person too. Before they know it they will begin bleeding money from high turnover rates, which they themselves could have stopped by providing the raise in the first place.
Canadians need to stand up against this financial abuse. Canada's economy is not even remotely close to being as bad as the employers say it is. Its all a giant scam to benefit the employers by scaring the employees into not leaving, settling for less money and longer hours. Once enough people wake up and realize this they will stand up for themselves and begin abandoning their dismal paying jobs ... and end up forcing the employers to pay what they really should have been paying to begin with. It already started a few months ago. I've seen the same positions at the same employers being posted over and over ... because people aren't going to settle for less anymore.
Posted by: tiredncranky | Apr 10, 2021 9:04:11 AM
Who are you kidding companies don't give raises anymore, they cut your salaray and if you complain they cut your jub and hire an immigrant to do the job for half of what they were paying you. Trust me I know from personal experience. The only people born in the country in my company are the owners and a handful of employees about 5/32...
Posted by: frostycanadian | Apr 10, 2021 9:53:23 PM
Its true, sad and pitiful. I was only offered a raise once I walked out the door and then the raise itself was a slap in the face considering the amount of money I made the company. I even offered them to drop my salary and pay me solely on commission, but they denied me that. I walked out the door and a majority of my clients contacted me afterwards and I started my own company taking my hardwork with me. I now profitshare with every employee I have. I have no pity for the downfall of companies that abuse the system.