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Renowned Pay Raise Expert Shares the Top
5 Ways to Get a Pay Raise
The Pay Raise Coach recommends
marketing your accomplishments to maximize your value.
Aliso Viejo, CA (PRWEB via PR Web
Direct) January 26, 2005 -- According to Norman Lieberman, executive
recruiter and owner of The Pay Raise Coach, “what have you done for me
lately,” is the operative question to ask before seeking a pay raise.
Everyone wants more money, but seeking a raise doesn’t assure getting one.
At pay raise time, it is paramount to bring all accomplishments to the
boss’s attention.
Mr. Lieberman explains, “Bosses have short memories. Have you added value to
the job since your last raise? Cost-of-living raises of around 2% don’t
count as a raise. That merely keeps you close to even with inflation. You
want at least 5%, and preferably closer to 10% or more.”
The following five tips will dramatically increase the chances of winning a
satisfactory and successful raise:
1. Maintain a list of accomplishments since your
last pay increase. Neatly type the list in a bullet format, and
use metrics to demonstrate the degree of your success. Example: Instead of
saying, “I learned how to run the high-speed press,” say, “I have increased
output of widgets by 108%, while reducing production time by 16%.”
2. Well in advance before asking for a raise,
assist co-workers and your boss by helping with their excess projects.
Learning various roles increases your value to the company, as well as your
value directly to the boss. He certainly won’t want the work you’re now
doing given back to him.
3. Never, ever tell anyone connected with your
firm, even your closest work friends, that you intend to seek a raise.
People talk, and that talk can hurt your pay raise chances.
4. Never give personal excuses for securing a
raise. Excuses like, “everyone else is paid more” or “my car is
old and in need of repairs” are not legitimate corporate reasons to give you
a raise. Negotiate based on contributions to the job and you’ll get respect
and more money.
5. Typically, the best way to get the largest jump
in salary is by going elsewhere, where accomplishments and
achievements are still of utmost importance. These qualities may secure as
much as a 30% increase at a new firm, where new employees’ skills may be
more appreciated than at previous jobs. The new firm sees strong
accomplishments and presence in an interview in stark comparison to what
they don’t have.
“One example, out of hundreds,” explains Mr Lieberman, “is an Environmental
Planner that I recently helped twice and got a total of 49.5% in pay
increases. Many employees leave thousands of dollars on the table for the
employer to pocket instead of themselves. Remember that just $1 per hour
raise equals $2,080 per year in your bank account.”
In spite of many layoffs in the past few years, employers always need
outstanding employees who add value, and paying them several dollars more
per hour is still less expensive than to invest in an unknown from the
outside.
To take a free and quick pay raise quiz, please email Norman Lieberman and
put “quiz” in the subject line.
About the author:
Norman Lieberman, MBA, long-time successful executive recruiter and owner of
The Pay Raise Coach, offers a special report that clearly spells out how to
get a pay raise with zero fluff. The powerful special report, “Headhunter’s
Secrets: Negotiating a Raise for Yourself,” in addition to the comprehensive
Self-Evaluation to Determine Pay Raise Eligibility and a 15-minute power
coaching session, literally guarantees your risk-free satisfaction. Please
visit www.thepayraisecoach.com for more information.
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