Aliso Viejo, CA (PRWEB) January 26, 2005
According to Norman Lieberman, executive recruiter and owner of The Pay Raise Coach, Âwhat have you done for me lately,Â is the operative question to ask before seeking a pay raise. Everyone wants more money, but seeking a raise doesnÂt assure getting one. At pay raise time, it is paramount to bring all accomplishments to the bossÂs attention.
Mr. Lieberman explains, ÂBosses have short memories. Have you added value to the job since your last raise? Cost-of-living raises of around 2% donÂt 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.Â
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, ÂI learned how to run the high-speed press,Â say, ÂI have increased output of widgets by 108%, while reducing production time by 16%.Â
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 wonÂt want the work youÂre 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, Âeveryone else is paid moreÂ or Âmy car is old and in need of repairsÂ are not legitimate corporate reasons to give you a raise. Negotiate based on contributions to the job and youÂll 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 employeesÂ 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 donÂt have.
ÂOne example, out of hundreds,Â explains Mr Lieberman, Âis 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.Â
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 ÂquizÂ in the subject line. Please refer to the contact information to the right of the press release.
About The Pay Raise Coach
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, ÂHeadhunterÂs Secrets: Negotiating a Raise for Yourself,Â 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 http://www.thepayraisecoach.com for more information.
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