End of teachers’ book. The money move

You want a raise. You deserve a raise. But how do you ask for a it? Experts say there are several ways to make the interchange less stressful and more successful.

The first sign her co-workers noticed was the empty candy bowl. Lisa, an accountant at a construction company, was a cheerful woman who had always kept a dish of goodies on her desk. When she started removing the pictures and the plants from her office, rumours began to circulate. She did not explain her behaviour to anyone. Then the candy dish disappeared. 'She had been promised a raise* for a long while,' recounts Linda Talley, an executive coach based in Houston. Removing things from her office was a subtle way of letting her employers know she wouldn't wait any longer, but it worked. A few months later her salary was boosted by $5000. There are many ways to ;isk for a raise, and Lisa's method is not for everyone. But experts say there are some basic ways to enhance your prospects for success.

Adding value

The golden rule is to oiler value, based on qualifications and achievements. Forget about your years of hard work, your experience, your personal needs and expenses, your mortgage, your ailing grandmother and your Great Dane's dog food bills. The 'dumbest case you can possibly present is one based on pity,' warns Howard Figler, a career counselor and author of The Complete Job-search Handbook.

In the private sector, your contribution probably falls within certain categories. You may be a key person who attracts new customers or one who is skilled at retaining the present relationships. You may be a cost-cutter, who improves the company's bottom line. Less quantifiable, but no less important, your reputation might enhance that of your employer or you could be one of those sunny personalities who boosts the morale of all around them, enhancing productivity. K&D

It stands for 'research and documentation', which is your responsibility. You must pinpoint your worth in the marketplace before entering into any salary negotiation. Although specific salaries are a taboo topic and . rarely discussed among co-

workers, you can find comparative information on career-related websites and through professional organisations.

Brad Marks, CEO of an executive search firm specialising in the entertainment industry, recalls a cable TV company division head who wanted a 30 percent raise as a good example. When Mr Marks asked him to make a case for the huge jump, the executive returned armed with details of his contributions over the years and the statistics to show he was underpaid compared to peers in the company and the industry. 'However, some people just give a number at random,' according to Mr Marks. Taking the plunge

Now that you have done your homework, it is time to prepare yourself mentally for the big day. Few people enjoy the idea of confronting their boss and risking refusal (which is one reason so many companies have built in a structured system of regular reviews and promotions), but it is important to remain calm. Lastly, even if your palms are sweating, don't forget to smile.

From the Financial Times

Date: 2015-12-11; view: 2560