payraiseHello budget pal enthusiasts!!! How are you? Did you miss me? I do miss you, guys. I would like to write every week, but since I went back to school, I got extremely occupied. You know how that goes. Right now, I am bombarded with assignments and exams after exams. However, I want to make a presence at least once a month. So, here I am! Yipeee!

Our topic for this week is about asking for a raise from your boss. Yes. You heard that right. Though it can be nerve-wracking,  it can be done. You just have to follow these three guidelines:

1.) Courage

Asking for a raise is not for the faint at heart. Asking for a raise is like going into a battle. You should be mentally prepared when asking for it. It’s like going into an interview. You should be prepared to answer questions like why you deserve one, and how can you help the company in moving forward and in the long run.

2.) Excellent Work History

Have you been a model employee? What have you done for the company? Any notable achievements? Document all your work especially when you get praises and compliments on your email. Document your projects that saved the company a whole lot of money. Organize your future projects that could potentially benefit the company.  If you want a raise, you should have a solid black and white and a stellar work history to support your case.

3.) Timing 

There’s a saying, “Timing is everything.” This is also true when asking for a raise. You don’t ask for a raise when your boss is having a bad day. You don’t ask for a raise when you know that the company is not doing well. Furthermore,  you don’t ask for a raise when the company is laying off people side by side. No matter how mentally prepared you are and how stellar your work history is, if you timed it wrong, there is a high chance that your efforts will be in vain.

If you are confident that you truly deserve to have a raise, you should go for it. There is no harm in trying. You might get it. And when you do, continue to be an asset to the company. Producing high quality output over and over again does not only benefit the company where you work for, but it does benefit you as well. You develop different skills, not to mention the confidence and pride, that might promote you later on. Having these skills also makes you marketable with other companies should you decide to venture out later.

As in everything else, nothing is guaranteed. So be prepared also if you don’t get the raise. Ask your boss why you got turned down, and start your counter plan from there. Don’t sulk and do a mediocre job just because you were turned down. Instead, accept it as a challenge. In a few months, try to revisit your case again.

Have you ever asked for a raise? How was it?