How to Ask for Pay Raise and Increase Compensation

Want more money than you're currently making? If your goal is to stay in your current job working for your present employer, you'll need to ask for a pay raise. Planning and preparation are key when you ask for a pay raise. So are timing, your employer's pay practices, and the market-based pay rates for your job.

How do you ask for a pay raise when your company has put most pay raises on hold this year? Or, what if your employer is offering a 2% pay raise across the board, and you believe you have earned more? The answer? It depends. If pay raises are on hold, keep in mind that you risk looking like you’re not a team player when you ask for a pay raise under those circumstances.

Work is about the money. Work only becomes not about the money when you have sufficient income – however you define sufficient income – to support your chosen life style. With sufficient money, work becomes about other motivations. Maximize lifetime income potential by the choices you make for your career and how you work with your employer....

A salary negotiation window exists from the time you offer a job to a candidate to the acceptance of the job by your selected candidate. The results of this negotiation can leave a candidate feeling wanted or devalued. The results of this negotiation can leave the employer excited to welcome the candidate or feeling as if he lost. A positive...