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Asking for a Raise During a Recession
In today’s economic climate, you’re probably happy to have a job. But just because the economy is in the dumps doesn’t mean you shouldn’t ask for a raise—especially if you feel you deserve one. Women, however, aren’t taught to push for pay raises and promotions the way that men are. But asking for a raise right now, ironically, could actually work in your favor according to Working Mother magazine. Here are some tips to ask for that raise, economic downturn or not.
Gather your courage. Identify the reasons you’re afraid to ask ahead of time. Women are especially susceptible to possible responses, such as rejection, being told they’re greedy or not a team player. Avoid equivocating language.
Document your performance. Detail your contributions to your company.
Research pay rates. Find out what you’re worth in the marketplace so you know whether you are underpaid compared to peers.
Consider the timing. Men know how to strike when the iron is hot, like after a significant achievement at work. More women should do the same.
Be confident. Women tend to overstate their weaknesses. Don’t underestimate yourself.
Follow up. If your boss says he or she will consider your request, then doesn’t get back to you for weeks, always remember to close the loop.
Seize the day. If your boss says “no” to a raise, it doesn’t mean you’ll never get one. It means you have a chance to find out what it will take to get one in the future.
(Source: Working Mother magazine)
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