5 Things You Must Know Before
Asking for that Raise
by Karl Walinskas
I'm walking through the grocery store the other day with my buddy
Wayne. Wayne is looking distraught--gloomy even. I ask Wayne what the
problem is, wearing a concerned look on my face.
"Oh nothing, I guess. (here it comes) It's just that I've been working
at the firm for seventeen years now, pouring my soul into my job, you
know? You'd think my boss would have noticed the hard work and offered
me a raise, wouldn't you?"
I could hear the violin musak ringing in my ears as we entered the
frozen fish department. I reached into the ice and grabbed a
half-pound mackerel and cold-cocked Wayne in the back of the head.
"Ouch!" He exclaimed, while staggering into some canned goods. "What
the heck did you do that for?!" "Well, pal, as long as you're
dreaming, pretend this fish isn't real." He didn't know what I was
talking about. Clearly Wayne's mental wheel was spinning, but his
hamster had long since perished.
"Look. You've got two chances of your boss offering you the raise you
want--slim and none, and slim is buried up to his neck next to a fire
ant colony with honey smeared on his face." I inwardly chuckled at my
own humor. "You've got to ask for what you want and negotiate that
raise."
That brings us to the topic of this article--negotiating a raise.
Let's start with a few key assumptions:
1. You provide value to your company.
2. The company is doing reasonably well financially.
3. Re-read assumption #1.
Here are five things that you absolutely must know before knocking on
the office door and asking for that raise:
They won't offer. Know what you want. They don't care about what you
need. Talk contribution, not experience. Quantify your value. They
won't offer. Many moons ago when I was just a little tyke, cementing
my Lego blocks together with play-dough, my daddy gave me a sage,
albeit tainted, piece of wisdom. "Son, the more you do, the more the
boss will give you to do without increasing your pay. Don't take on
too much or you'll end up a sorry so and so" he stated as he kicked
our dog. "Goo goo, gahhh!" I replied. I didn't understand it at the
time, but old dad was trying to tell me, in fact anyone who would
listen, that the boss never rewards what you do. His solution was to
do less than he was capable of. Well that just goes against my Tony
Robbins-esque audio training, but the point sunk in. You have to ask
for what you want. Most of the time, the boss does notice what you do,
but she's under pressure every day to reduce costs and return more to
the company bottom line. If you're willing to work for X, management
will not offer you X+$2,000 (arbitrary number here). Don't fall into
the trap that Wayne did. Resolve that you must approach the boss, as
difficult as that is to do, and ask for the increase. Know what you
want. Ever got up the nerve to ask for a raise, and as you stood their
squirming, the big guy said, "Sure." You breathe a sigh of relief.
That wasn't so bad. "Starting next week you'll see an extra nickel an
hour in your check, and for you, I'll make it retroactive to the
beginning of the month." You're understandably upset. How dare that
guy offer me only a nickel an hour increase! But you take it, even
saying thanks, because you shot your wad of courage just to make the
request. You leave humbled, defeated, a broken person. No vacation
this year. Grandma's going to have to wait for that liver transplant.
The problem was you didn't know what you wanted and didn't have an
idea what you may have been worth. The boss' solution was to offer you
a token to make you go away, and it worked. You need to research what
others of your job description are making in other companies. If you
make less, you've got some ammo. If you make more and think you're
still deserving of an increase, maybe what you really need is a
promotion. Whatever your situation is, get a specific figure in mind
to negotiate to. I'm not suggesting that you go into the boss' office
and start blabbing about the figure you have in mind. Just have that
figure handy in case the big guy's (or gal's) offer is below what you
expect--and be prepared to defend it.
They don't care about what you need. So sorry, but true. Assume that
the boss doesn't care about your slipped mortgage payments, or your
kid's need for braces, because she can't afford to. She's got a dozen
other employees crying the same song. When I convinced Wayne to ask
for an offer, he fell into this mistake too. "I guess I should wear my
oldest clothes, look really haggard and depressed, like I really need
the money, right?" he pitifully proclaimed. When I reached for the
mackerel again he knew my answer.
You have to talk about your value to the company--plain and simple.
Unless you work for the government, you won't get anywhere with the
raise request based on need, and even that's not a sure thing anymore.
What have you done to save the company money, or time, or heartache?
You're making a sales pitch here, folks, and the product is you. "But
how?" you may be thinking. Read on.
Talk contribution, not experience. Look, in today's dog-eat-dog world
of increasing business competition, you're value is based directly on
what you have contributed, and can contribute in the future to your
company. If you've worked twenty years for the same company, I applaud
your loyalty and longevity, but guess what? IT DOESN'T MATTER HOW LONG
YOU'VE WORKED THERE! Actually it may, indirectly, only insofar as it
has provided the knowledge and skills necessary for you to contribute
more.
Contribution can be measured by accomplishments, specific things that
happened because of you that improved your company's profit position.
Multiple-choice test coming up. If you're the boss and thinking about
giving a raise to an employee, which of the following two statements
will sway you more: a. "I've got twenty-two years working in the
bindery department." b. "My improvement projects in the bindery area
have saved the company over $250,000 in the last five years alone.
Here is the documentation if you'd like to see it."
If you said "b", move to the front of the class. Remember this--you
are your value, your contribution, in the eyes of your employer. Years
on the job don't mean you deserve anything.
Quantify your value. Notice something else about the multiple-choice
test in the last section. The correct answer had at its heart a
specific figure of savings. This is critical for you to have in your
arsenal of business communication on the job. It has to be reasonably
accurate too, so you can back it up if asked to. If you don't document
the bottom line improvements you cause for your company, shame on you.
Start today. This is critical not only to asking for a raise, but for
promotions, avoiding downsizing, and any other reason relating to your
career path.
Maybe you're thinking that, hey, some tasks are hard to put a value on
because the payback is indirect. Helping on the company strategic plan
comes to mind. Assign a value to your achievement anyway, backed up
with some logic and circumstantial evidence, and leave it to your boss
to tell you that you're wrong. At the very least, relate the value of
the activity and say something like, "…and we both know how successful
that was for the company."
What you've done is to provide support for your sales pitch and put
that support in terms that all management understands--dollars and
cents.
If you want a pay increase and you really deserve one based on what
you have done for the company, feel free to go ahead and ask.
Remember, they'll rarely offer without you making the request, but if
you demonstrate your value through specific contributions to the
bottom line, you're in a pretty good position to negotiate. If the
hapless Wayne can do it, what's stopping you?
Karl Walinskas is a professional engineer, speaker and freelance
writer in Pennsylvania who owns and operates a communications
development company called The Speaking Connection
(www.SpeakingConnection.com). He is a frequent contributor to business
publications across the country. Karl can be reached for questions or
suggestions at 570-675-8956 or by email at topspeaker@pobox.com.
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