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Increasing Your Salary Is Not Always Easy. Ask Yourself If You Are in the Right Career Path. Keep Track of Your Work Accomplishments. Shadow Other Co-Workers and Learn. Teach Yourself New Skills Outside of Work. Research Market Value On Your Career. Asking for A Raise Higher Than the Company Average.
Familiarize yourself with your employer's pay practices. Research the market pay rates for your job. Read your employee handbook. Network with other employees in similar jobs in similar industries to determine your salary competitiveness.
Get comfortable negotiating salary raises. Research and compare your salary. Become an indispensable expert. Make yourself visible. Update your skills. If you return to school, make sure that it will pay off. Absorb and adapt to new methods. Be receptive to criticism.
Move from part-time to full-time. Move to a part of the country that has more job opportunities. Change companies. Apply your skills in a new industry. Work with a career mentor to think through next steps.
Raises can be given annually, based on performance, or individualized. It's important to give employees raise on a regular basis because it shows that you value them and their contributions to the company. A simple pay raise can boost morale, increase employee satisfaction, and encourage hard work.
Know your value. Know the number. Schedule a meeting. Practice salary negotiations. Start on a positive note. Tell them you know that the company isn't handing out raises. State your case, and then pause.
Merit-based pay increases for 2018 are expected to average: 2.8% for middle performers (69% of workers) 4.1% for high performers (25% of workers) 0.6% for low performance (6% of workers)
Good news on the salary budget growth front, and that most companies are still doing merit increases in a down economy. As for the average increase for high performers, 5-6% is nice, but it won't protect your best talent.
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