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factors you have to think about first:
* H6 E/ }# o, J4 Xhow well paid you are at the moment compared to the market norms
( h3 s8 s) @' T4 \the rate of inflation% N* H- v7 T/ e" O
where you live and work and the costs of living associated with the area, and in relation to other geographical locations where company employs people j, E' r! o. |( a$ t2 o1 n6 y
the company's position concerning staff turn-over, retention, recruitment and head-count (ie increasing, reducing, or static; in accordance with planned levels or not)# b o- q5 j- o% y" V
the company's trading performance (relative to budgeted costs and planned sales and profitability)$ j' t) Z$ ~9 ^: I+ n
the available budget your company has for pay rises (which is usually none, apart from annual salary review time)
* m4 G5 T! c: i' y" z3 Pthe company's last company-wide salary review, and the range of % increases awarded7 [3 K6 s* f$ k4 f
the company's next company-wide salary review, and the likely range of % increases& a4 u% [5 Y0 f: y
what precedents would be set for other employees by giving you a rise (this is often a significant issue for the company)6 }( t1 ?4 S. W" g1 k4 Q4 ?
how valued you are to your boss and company& p3 v* Y1 ]. e* T+ |4 ^
how easy it would be for them to replace you with someone of similar capability and value at the same or less salary
; q7 j! |" n) r9 `4 m) x- S. Yhow much extra responsibility and/or you are prepared to take on' k1 s4 p" [3 e
how much extra effort you are prepared to put into the job and how ambitious you are
$ j5 N; x/ I1 k M5 [6 _and, very importantly, what you will do if you don't get a raise or salary increase (ie., how much you want to stay with your present company and how confident you are that you could find a better job elsewhere) |
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