Recent Trends in Human Resource Management

Thursday, August 6, 2009

Tips to Get a Good Salary Hike

Tips to Get a Good Salary Hike

1) Go for self appraisal

If things are not going the way you want, you should first go for self appraisal. Are you able to execute your work well? Does your employer values your work but does not let it get reflected in your pay hike? Or are there some areas where you need improvement? If this is the case, first work on your shortcomings and then seek results.

2) Remain focused to your work and organization

Whatever be the case, you would do well to remember that good performance never goes unnoticed. Therefore work hard, remain focused to your work and organization, and always show your willingness to take new responsibilities. These things will help you advance in your career and also pay in the long run, if not immediately.

2) Make the boss aware of your performance

You might be working hard and even harder than most of your co-workers. But are your seniors, especially your boss, also aware of your performance and all that you’ve been doing in connection with your job?After all, in today’s world and in many organizations, self-promotion seems to work more than the actual performance!

4) Get feedback from your boss

Keep getting the feedback from your boss as well as other colleagues regarding your performance and the way you handle a job. For instance, if your boss is not happy with a job executed by you, ask him/her how you could have done better on that assignment.


5) Mention your accomplishments at the time of appraisal

You might be slogging all year long, but how much time does it take to do your performance appraisal? Keep a list of your accomplishments, therefore, and talk up the most impressive ones. Emphasize on your proven commitment and the value of your contributions. If you can make the trailer impressive, the film might worth be a watch!

6) Changing department may be one option

If you are unluckily working under a boss who thinks that salary hikes are being given from his own pockets (this happens in many cases), try to join some other department in your organization which might have a liberal boss. But then you should also be prepared for the changes in your work profile as two different departments may rarely have a similar work and work culture.

7) Keep an eye on industry norm

If your organization claims to go by the industry norm and current market conditions, try to find out what other people in similar positions are getting in similar organizations and industry.


8) Talk to senior management

Sometimes talking to the senior management or the supreme boss in your organization also helps, if you feel that you are being denied your due. But then support your case with facts and solid examples, otherwise if proved wrong, this may backfire also and you may have to lose your job.


9) Get a competing job offer

One of the quickest and proven ways to get a hike is to get a competing job offer. But if things go wrong, you may have to leave your current job too. Take this route if you are confident of your abilities.

10) Switch to another job

If nothing seems to work, look for another job and negotiate your salary well. Mastering the proven techniques of salary negotiations also helps. Once you are confident of yourselves, make your next move. After all, switching to a new job is the most proven way of getting a big raise!

1 comment:

Anonymous said...

This was the most useful content i was expecting.Thank you so much Ankur.
Hope you get with the same ideas, tricks and tips.