When you can ask for salary hike

reni james

Some of you may be thinking right now about your salary hikes. But you may not be sure how to ask your salary hike, what will be the time to ask about the salary hike etc. Here I would like to give some insights about asking for salary hike.

After a great achievement

You can ask for salary hike after a great accomplishment of a big target or any other achievements. Your boss and top management will be convinced in you that situation. Even they was not planning to give salary hike, your performance will help them to change their decision.

Your position in the company is cannot be replaced with some one

Before asking for a salary pay you should really think that “is my role in the company creates any value to the company’?  and ‘Is my position cannot be replaced with some another person?’ if both answers gives positive reply you can ask for your salary hike. The management also will be most likely to give a salary hike if they also felt the same opinion about your role in the company.

You have good relationship with superior and colleagues

If you built a good relation with the colleagues, boss and other teams related to the salary hike process, they will be consider your salary hike request. They cannot deny your request as you have good relationship with them.

Your CTC is very low compared to your out put

Compare your CTC before ask for a salary hike. This will also give you a confidence that your’e eligible for the salary hike. For example if you are working as a sales executive and you are increased the sales and the effect on the net profit is 100,000$ increase, you can ask for a decent salary hike.

The management is on a stress or pressure etc

Don’t ask for salary incease when your reporting officer or top management is stressed with something else.  They might be finding way to express their discomfort and they will express it towards you when you ask for the hike.  So time to ask for the hike is also very much important.

Salary level of your colleagues and industry salary standards

Compare your salary with industry standards and your colleague’s salary level before you request for a salary hike. If t your salary level is too low than industrial standard you can ask for hike.

Company’s policy on salary hike and performance appraisal

Company’s policies and performance evaluation methods and standards need to be identified.

Focus on selling, not begging

When you present yourself in front of the management or immediate superior for salary request, you have to be very confident that you are eligible for salary hike and you should have reasons for getting you much pay. Then you can sell that reason and get a higher salary in the organization

Think about future of your career in the organization

After all salary is not everything if you are young and need to improve yourself to reach in your desired position, you have to compromise on the salary sometimes. So, if your career is benefitted from your present job and experience salary limitations doesn’t matter.