Listen Now: Asking for a Raise
Asking for a raise? Make sure time is on your side.
There is never a moment when someone does not want more money–but there is a moment that will give you a better chance of getting it.
According to Forbes, there are favorable conditions you should look for before approaching your boss.
For example, coming off a big win. If you recently completed a task and brought in better than expected results, it’s time to ask for a performance-based reward. This could be a one-time bonus, or a promotion with a raise. But do not make the mistake of assuming the company is tracking your accomplishments.
Or maybe your department is doing well and is in line for a larger share of next year’s budget. Negotiate with your manager on your personal bump by focusing on how you have contributed to the performance–again, don’t assume your manager will be aware of what you’ve done.
For more signs that a financial tide might turn in your favor, go to forbes.com
The bottom line is–speak up!
CBS News Radio national business journalist Brian Banmiller has spent more than 40 years in the news industry, covering business, politics and the economy on television, radio and in print. Currently, his “Banmiller on Business” reports are delivered to an audience of millions nationwide.
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Brian's diverse experience and unique perspectives combine with his pleasant and personal manner to engage audiences on many levels. From his days as an Air Force squadron commander to his long career as a business journalist, commentator and public speaker, Brian's approach to speaking and presentation is thought-provoking, inspirational and creative.
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