Uploaded on Jan 12, 2012
Getting a better raise is one of the smartest financial moves you can make because you earn it year after year. The average raise for 2012 is expected to be 3% with top performers getting as much as 4.6% according to HR consulting firm Mercer.
I've done hundreds of performance reviews and I can assure you they are labor intensive and it is hard to get them done on top of your regular job duties. Anytime you can make your boss's job easier, it's a good thing.
3 Tips to Getting a Better Raise
Start Now -- Early January
• Salary increase budgets are given to management late December. In January managers work up the performance reviews then schedule a time to give them to employees in February or March. It's important to note that by the time managers sit down with each employee to give them their review, salary increases are pretty much set in stone.
• So speak up before your money gets allocated and committed to someone else.
Remind Management How Great You Are
This is a big one. I can tell you that when I was a bank manager I was very busy. It was hard enough to keep up on day-to-day operations let alone keeping track of each employee's above and beyond moments. I did my best but I was only human, so don't rely on your boss's memory.
• Take a few moments to compile a list of accomplishments or what I like to call "good stuff" -- fundraising, covering for other workers shifts, taking a leadership role in staff meetings, heading up special projects, mentoring or training junior staff members, getting complements from customers. Be as specific a possible.
• When your boss is in a good mood and not busy try saying something like this: I am so excited about my review, 2011 was fantastic. I put together a few talking points for us, then hand them the list. Doubt anyone else will be doing this, making you the stand out star employee.
Going Forward - Keep track
This ensures you will be ready for next years review and it will help if you need to update your resume or prepare for a job interview. Corporations are looking for demonstrated results and when you can talk specifics it elevates you to another level.
This is SUPER easy!
Grab a folder and label it "Accomplishments" or "Good Stuff"
Each time something good happens make a note or print it out and put it in the folder, stuff like:
Your boss sends you an email saying good job
A customer complements you
You raise a bunch of money for a special non-profit project
You get selected to head up a special project
You get it...ANYTHING good
Finally if you want to know how much you should be earning check out one of theses sites: http://www.payscale.com/ or http://salary.com/mysalary.asp
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