How to Formally get a Payrise!

Halo,

Been working long in your company? And working double hard to get your Payrise?

Here is some of my thoughts on how to get a Payrise from our boss:

A) Timing is Everything
If you know that the annual review is coming up, be sure to talk to your boss before your pay increases are awarded. If you have just completed a major project or closed an important deal, this will be a good time to strike.

B) Know what you want
Be clear about how much extra money you want - or if you would accept improved terms such as grander title. Do some research to see if your request is realistic for your job scope and experience. Most companies concede to market pressures on salaries so the more data you have on hand, the greater your chances of success. Try browsing the Internet for major recruitment firms (like Kelly Services, etc) which usually provides online salary information.

C) Sell Yourself
Obviously, you would need to prove to your boss why you're deserving a payrise. Make a list of your current responsibilities, Acheievements, Workload and all the positive aspects you've brought to the job. Simply doing your job diligently well is not good enough. That's just what your employer paid you to do so.

D) Confidence is Key
Ultimately, Success will come down to the way you approach your boss. Be confident without being cocky, and be sure to maintain eye contacts and not to fiddle your hair with fingers.

E) Be prepared
Just like all interviews and presentations, Remember to rehearse in your mind how you will open the discussion and be clear about your major points. The way you put foward your case, with logic and without sentiment, and will need to be prepared ahead of time.

Hope the above helps you in your Success.
Cos Your Succcess determines My Success
Sean Chua