At some stage in everyone’s career, the time comes to get to the next level. After all, you’ve worked hard, focused on measurable results — and now you deserve a raise in pay.
However, working within your employer’s existing budget and around an archaic annual performance review can prove difficult. So how to prove to an employer that raise you deserve? How do you negotiate for the salary you want? To answer that question, we asked members of the Young Entrepreneur Council (YEC) this question?
This handy infographic from PayScale provides you with an easy to follow flow chart that will help you decide if the time is right to ask for a pay raise.
As you’ll see, you have to consider more than just when it might be right for the company…
Picture the payday ahead: A 10 percent pay raise plus three extra vacation days. Make this more than wishful thinking, pull out your goals and get your game on for the performance review and raise season that’s just ahead.
Here are five suggestions on how you can show why you’re worth more, courtesy of Jim Hopkinson, a blogger and author of Salary Tutor / Learn the Salary Negotiation Secrets No One Ever Taught You.