How To Demand Salary Hike
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How to demand salary hike

Demand for a salary hike at any time can be worrying. Demand for one in today’s economic environment might look silly.

If your performance is high and your position is strong enough, then why not? Always the employers will desire to maintain their best employees. If you are not happy with the current salary structure, at least they will consider your plea. The industries that are going through economic difficulties may be their decision would be cautious. If the company is following the cost cutting measures and other policies to cut the production costs, they might consider your request in near future.

If you are concerned with demanding salary hike, the following guidelines will definitely help you getting better results.

1. Plan (Initial Arrangement): Search for the same position salaries in similar companies involving same criteria. Prepare the list of skills, experiences and achievements, which are liable for salary hike. The comparison with other industries same position salary will make your point stronger enough in front of management. Even if they are not supposed to rise your pay, your request is likely to think about the comparison in the market environment.

2. Aim right goal: Your specific plea for salary hike have to be a special case for consideration for your immediate upper level of management so that they can recommend your case to the higher authority as a special case. This condition will bring your request a strong hold.

3. Put yourself in your boss's shoes: Think like your boss. If you were the boss, what you would like to consider for your employees salary hike. You must consider the following little tips in this regard.

§ Your past and future contribution towards the organization.

§ Company’s financial condition to afford your pay hike.

§ If there are another alternative for you in company.

§ Your commitment towards the company goal

4. Keep patience for the results: Do not hurry for the quick outcome. Allow the sufficient time to take decision on your request. Do not send the reminders frequently unless the matter has forgotten totally. Also, do not give the pressures about the leaving of organization. Your patience to wait for sufficient time will bring your dreams come true.

5. Be ready for settlement: You should be prepared for negotiations for your pay rise. Sometimes they may not agree your total demand for pay hike but may be agree with partial installments. You have to see all the possibilities. If the installments in pay rise are shorter, you may consider their offer. Also see all the up and downs of their offer. They may approve upto some limitation as per organizational policy and you may consider their limitations.

At the last but not the least, you have to take your decision considering overall situation. Do not fall prey to company’s tricks to retain you. They may show you the carrots ahead. But you should know properly the adequacies and opportunities in their offer. Finally you are the best judge for your demand of salary hike.
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