Posted on Thursday 22 March 2018
This article is part of our Finance Hub.
Who Doesn’t Want a Pay Raise?
Everyone loves a raise. Now, whether or not your boss shares that enthusiasm, well…that’s a different story.
Maybe you’re planning on moving, or you’re going through a divorce. Perhaps your income is just not enough for your lifestyle. Whatever your situation is, asking for a raise can be a nerve-wracking experience.
We can’t magically help you get a pay raise, but we can give you some tips for requesting one.
Why do you deserve a raise? Put your request in terms your boss will understand, and you’ll up your odds of bringing home a couple more slices of bacon next month. Remember, pay raises aren’t given away, they’re earned. You’ve got to show your boss what they’ll get for their money. Here are some ideas.
When you take these factors into consideration, it can greatly influence if your employer will give you a pay raise or not.
If you’re not careful, your raise might get denied simply because you asked at the wrong time and the wrong place. Give your employer the time and space necessary to make big decisions.
Here are some do’s and don’t’s for the time and place to ask for a pay raise.
Arrange a meeting ahead of time so you’ll have your boss’s undivided attention.
Whether you get a yes or a no, make sure you end the meeting cordially. A handshake and a thank-you are always a good closer. We hope these tips will get you a resounding “yes!” on your pay raise!
If your raise is denied, it might be time to think about changing jobs. Just make sure to keep doing your best until the day you leave, so when you turn in your notice, you’ll be able to take a shining professional reference to your next job.
Nobody likes getting a pay raise request turned down, but unfortunately, sometimes it just happens. If you’re struggling to make ends meet, a payday loan can help you get to the next paycheck. My Canada Payday can get you a loan for up to $1500 in as little as 15 minutes.