When to Ask for a Raise

Feeling underpaid at work? Thinking of asking for a raise? Well, according to Money magazine, now is the time you should be asking for it. Money says in its September issue:

Nearly 60% of large companies do salary planning in the fall, so make your bid for next year's raise now, not in November or December, when it may be too late.

I have found this to be true in the business world. If businesses can plan on an added expense, it's much more likely to go through than something they have to "find room for" in the middle of a fiscal year.

Comments

[Jose]

You ask for a raise when the market allows for it. Try to find similar possitions inside and outside the company. You should be worth that ammount, plus a premium (if the company doesn't want to loose the intellectual property on your head).

[DR. ARTFREDO C. ABELLA , Ph.D. (Management), - COMMISSION ON AUDIT-DOST-CAR, LA TRINIDAD, BENGUET, P]

When to ask for a raise is but finding the right time and the right moment. Look for opportune times when your Boss is in good mood. Find time to ask for a raise when you realized that your Boss has won in the lottery or whose daughter just got married to an intelligent groom. In other words ask for a raise when you feel that your Boss is in the best moods and happy. Never ask for a raise when you just heard that your Boss just got divorced or his best pet bird just recently died. Find the opportune time to ask for the raise where your chances of getting it will be greater, the opposite moments will be debilitating.

[Bernard]

O.k umm i got a question, if i started working at a bussiness like 5-7 months ago, by what time working in this bussiness may i ask for a raise?

[Dr. Art]

Hi! Bernard, I beg your indulgence and I hope you don't mind if I would react to your query. The business dictum dictates that at least the most reasonable time to ask for a raise is three years. This is a benchmark period of time since the standing policy is that even when you start in a newly established business, given that norm, that is the only time that the business is expected to just earn a reasonable amount of profit. That is the standard rule, however, there are many other factors that must be taken into consideration. Questions like, is your company liquid? Does it have the necessary income to grant your increase? Is your company gaining strength in terms of sales? Is the gross income of the company warrants granting additional overheads like salary increase? How about the cash position of the company you are working, is your company having lots of liquid assets in other words cash? Given all these questions having answers in the affirmative, the most common denominator is to seek an opportune time when your boss is in the right or happy modes. When will you ask for a raise defends highly on the right modes of your boss plus the financial business statistics of the company you are working in. Remember what Julius Ceasar once said about wealth: " There is a tide in the affairs of men, when taken to the flood leads on to fortune, omitted,all the voyage of their life is bound in shallows and miseries. On such a full sea are we now afloat and we take the current when it serves or lose our ventures." O.K. Bernard I hope you had a piece of my mind, although I am not assuring you that you can now have your golden fleece, however I will always wish you the best of luck in having your salary increase. Good luck! guy.