Is it Time for a Raise?
Perhaps, more than career fulfillment, the other major reason and motivation in every person's career is the financial compensation that he/she gets. Every employee, especially the career starters, should know their worth as a worker. In the long run, one will feel that he's doing more than what he gets. And when this situation doesn't get properly attended to, the result is a mediocre employee working on a temporary mediocre job, not a potential long-term career. So when do you know it's time for a raise?
You've been with the company at least 6 months or a year old in your position. Most companies would usually give their employees a raise upon regularization. If your company does not hold true to this and you feel that you have done more than what was asked for, it is advised that you speak with your immediate supervisor about giving you a raise.
You know you work hard and it shows in your outputs. Your boss asks you to go over time, you stay as told. You brainstorm for concepts and ideas.
They use your idea and your company gets the deal. If you think you have been coming up with great and top notch outputs and you don't feel properly compensated (as well your other colleagues), ask for a raise.
You pitch and you close deals. If you have a sales- related position and you have been closing countless deals from the start, asking for a raise may help increase your motivation.
You lose/lost the motivation. Let's accept the fact that one of the major drivers which keep us going at work is financial compensation. When we do not feel properly compensated, this can result in a loss of motivation and lack of interest and enthusiasm at work.
You start to wonder what's on the other side of the fence. When we are less compensated, we start to wonder how green the pastures are in other companies. First, ask yourself “Do I really need to move?” But hey, maybe you can still work things out by asking for the proper compensation which you deserve without having to leave your own fence.
Before you even lost what keeps you going, study yourself as a person and as an employee. Keep a close track of your performance. And once you think that yes, you're indeed getting compensation less than what you deserve, it's time you bring up the “raise.”
Asking for a raise can be difficult, but if you know you are worth it, GO FOR IT!
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Look for the next email: Make Yourself a Long-term Career.
Warm regards,
Patrick Taranto
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