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Asking for a raise can be a nerve-wracking ordeal. The economy still isn’t completely back on its feet, and companies are wary of increasing their overhead with salary increases. That’s why it’s so important for you to prepare before you ask for a raise, so you can craft an argument your boss can’t refuse. Before you knock on your boss’s door, first arm yourself with data on why you deserve a raise. It isn’t just enough that you’re a nice person. Show in black in white how much money you’ve made for the company, how much you’ve saved or what huge projects you completed that no one else could have pulled off. Demonstrate how valuable you are. Second, show your boss how to find the money for your raise. Are there obvious cuts that can be made in the budget that won’t affect your department’s performance? If you can take your raise from existing funds, your boss won’t have to ask her boss for more money. Saying no to you just got harder. Lastly, consider taking a drastic step by interviewing with other companies. If your boss is hesitant to increase your paycheck, this is your gambit. If you let your boss know that you are looking at other career options or, even better, if you have an offer on the table, then your boss has to face the prospect of losing you permanently. Note, don’t resort to this step unless you really are willing to consider a position with a different company. This isn’t a game of chicken; it’s your effort to earn what you are worth. Wealth and Wisdom Online Financial Advisor,Your personal CFO will provide you with the right solution that fits your lifestyle and financial planning. Our step by step process makes it easy for anyone to achieve their financial goals.
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