The new year brings about opportunities for a fresh start and for many a new job. But what if you like what you do for a living but feel it’s time to receive more compensation, UNO professor of Economics and Finance Mark Rosa said to be prepared to present your case when you ask for a raise, promotion, or both.
“I’ve done this, I’ve done that, you’ve got to come armed. You’ve got to come up with your selling points. It’s not just going in there and kind of kicking your foot around the floor and saying I just want more money. That’s not a convincing argument to make to anybody,” said Rosa.
Rosa said when asking for a raise be reasonable, if you make $15 an hour don’t expect the company to agree to give you $72 an hour. Or if you want to be able to work three days a week at home and no one else at the company can, don’t expect your boss to agree.
“You’ve got to think in terms of whether is it equitable to the company as well as to the employee. And if those things are lining up, you’ve got a little momentum going in there and you’ll probably get what you’re asking for,” said Rosa.
Rosa said because many companies are having a hard time filling positions, they have to be more flexible when it comes to salaries and or benefits to attract and/or retain employees. But he warns if you give your employer an ultimatum be prepared….
“And if you say well, I’m going to X, Y, Z you need to have that letter in your pocket that X, Y, Z is going to pay you the extra money and so on because you might get called on the carpet for that. And if you’re bluffing then you’ve lost all your credibility,” said Rosa.
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