It’s the right time to ask for a raise

Do you want a raise but don’t know when to ask?

Asking for a raise needs courage. Even the most confident and well-performing employee usually can’t muster up the courage to ask for a raise from their superiors.

Asking for a raise should not be that hard. All you need is to choose the right time to ask for it. Examine your role in the organization and then see if it is the right time to ask for a raise. Only then you will not be refused.Here is a list of best times to ask for a raise.

1. Watch the recent successes and setbacks of the company.

• If your management is in a genial state due to recent successes, your request will probably get a positive reply.• But do not approach them for a raise if the company

has suffered setbacks recently.

2. Your industry has a tendency to salary increase.

• It is harder to get a salary increase in public or government jobs. • Private sector is more prone to salary increases

because they notice individual contributions of employees.

3. Your company or organization is financially flourishing.

• A financially stable company is more likely to give raise to their employees who are contributing to the company.• If your company is financially flourishing then you can

ask for an increment according to the industry standards.

4. Your department or team is performing well.

• Sometimes one part of the organization is performing well and making profits. If that is the case, than you can approach your boss or management for a raise.• It is likely that this request will be accepted for

appraisal and to motivate other departments to improve performance.

5. More companies want you or your work.

• If you are getting job offers from other companies who are willing to pay you better, it is the best time to negotiate for a raise.• Your management will have to ask themselves what

will happen if you left and how much will it cost them to replace you.• This is probably the best time to ask for a raise, but be

careful and do not try to lie about this.

6. Positive performance reviews.

• If you have received positive performance reviews from your management and it has been discussed in the board room more often. Then you should muster up enough courage to ask your employer about an increment. • Some companies follow a timetable for salary increment after

performance review. If you are not aware of a policy like this, you can ask for it from your colleagues or senior management. If yes is the answer, than don’t push the management and wait for a bit.

7. You have a special skill or solution to a problem.

• Sometimes employees acquire special skills to a problem which puts them in a position to negotiate for their salary. • Academics and professional experiences can also help

you to take an advantage of your position. But do not blackmail the management as it is not a professional thing to do.

8. People around you are getting raises.

• Look around you, are your friends working in the same position getting raises. It means your industry is flourishing and people with the same skill set are in demand.• This is a self-assessment technique which will wake

you up to your value.