Tips to get a good salary hike
1) Go for self
appraisal
If things are not going the way you want, you should first go for self
appraisal. Are you able to execute your work well? Does your employer values
your work but does not let it get reflected in your pay hike? Or are there some
areas where you need improvement? If this is the case, first work on your
shortcomings and then seek results.
2) Remain focused to your work and organization
Whatever be the case, you would do well to remember that good performance never
goes unnoticed. Therefore work hard, remain focused to your work and
organization, and always show your willingness to take new responsibilities. These
things will help you advance in your career and also pay in the long run, if
not immediately.
2) Make
the boss aware of your performance
You might be working hard and even harder than most of your co-workers. But are
your seniors, especially your boss, also aware of your performance and all that
you’ve been doing in connection with your job?After all, in today’s world and
in many organizations, self-promotion seems to work more than the actual
performance!
4) Get feedback from your boss
Keep getting the feedback from your boss as well as other colleagues regarding
your performance and the way you handle a job. For instance, if your boss is
not happy with a job executed by you, ask him/her how you could have done
better on that assignment.
5) Mention your accomplishments at the time of appraisal
You might be slogging all year long, but how much time does it take to do your
performance appraisal? Keep a list of your accomplishments, therefore, and talk
up the most impressive ones. Emphasize on your proven commitment and the value
of your contributions. If you can make the trailer impressive, the film might
worth be a watch!
6) Changing department may be one option
If you are unluckily working under a boss who thinks that salary hikes are being
given from his own pockets (this happens in many cases), try to join some other
department in your organization which might have a liberal boss. But then you
should also be prepared for the changes in your work profile as two different
departments may rarely have a similar work and work culture.
7) Keep an eye
on industry norm
If your organization claims to go by the industry norm and current market
conditions, try to find out what other people in similar positions are getting
in similar organizations and industry.
8) Talk to senior management
Sometimes talking to the senior management or the supreme boss in your
organization also helps, if you feel that you are being denied your due. But
then support your case with facts and solid examples, otherwise if proved
wrong, this may backfire also and you may have to lose your job.
9) Get a
competing job offer
One of the quickest and proven ways to get a hike is to get a competing job
offer. But if things go wrong, you may have to leave your current job too. Take
this route if you are confident of your abilities.
10) Switch to another job
If nothing seems to work, look for another job and negotiate your salary well.
Mastering the proven techniques of salary negotiations also helps. Once you are confident of yourselves, make
your next move. After all, switching to a new job is the most proven way of
getting a big raise!
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