How Would You Ask for a Raise?

When CNBC asked business author Suzy Welch how someone should ask for a raise she explained, “The key…is an approach that includes research and emphasizes your achievements.” She recommended three basic steps:

1. Time your request right. Ask after a big win, a positive performance review, or when being asked to accept more responsibility.

2. Prove your case. Be prepared to explain why you deserve a raise, including your achievements and results.

3. Establish a time frame for action. If your boss isn’t prepared to provide an answer immediately, end your meeting by asking when you can expect a response.

This is sound advice.

When Willy Appelman of Fast Company asked children at the Underhill Playground how they would ask a boss for a raise, the kids believed the keys to success were good manners, hard work, baked goods, and physical appearance. Here are some of their recommendations:

· “Ask them politely and say: Can I please have a raise because I’ve been really working hard this week.”

· “Go up to your boss and say: Is it okay if I have some more money?”

· “Be confident and try your best.”

· “I would give them desserts, like pastry and cookies.”

· “Make sure you look weaker than your employer so they have power and they might feel merciful...”

If you recently received a raise or a bonus (or expect to), you may want to give some serious thought to how you will to use the additional income – spend it, save it, or do some of both – and how your choices will affect your taxes. If you’d like to discuss your options, give us a call at 877-340-1717.

WOMACK INVESTMENT ADVISERS, INC.
Oklahoma / Main Office: 1366 E. 15th Street - Edmond, OK 73013
California Office: 4660 La Jolla Village Dr., Ste. 100 - San Diego, CA 92122
Phone (405) 340-1717 - Toll Free (877) 340-1717

Website: www.womackadvisers.com

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