Even if you love your job, making more money always seems to make the work you’re doing much more enjoyable. However, many employees find it hard to know if and when they should come to their boss asking for a raise. But before you can have this potentially hard conversation, you’re going to want to ensure that you’re coming into it knowing what you’re actually worth the amount of money that you’re going to be asking your boss for. So to help you build your confidence in this area, here are three ways you can start to make yourself worthy of a raise at work.
Research The Value Of Your Position
Before you can know if you really deserve or should be given a raise, you first have to know how your current pay rate is compared to some standards. To help you find out this information, Jacquelyn Smith, a contributor to Forbes.com, recommends that you look at salary surveys for your area and job type, compare your cost of living with other areas around the nation, and try to find out how your organization usually values someone in a similar position as you. With this information in hand, you should be able to tell where you are on the pay scale and whether or not a big raise is something you should be seeking.
Find Ways To Add More Value
In order for you to be worthy of a pay raise at work, you have to prove to your boss that you’re bringing additional value to your company. Just being with a company for a certain amount of time doesn’t automatically make you more valuable; you have to actually do something that will increase your value and make you a more integral part of the business. According to Business Insider, you can add more value by reaching beyond your current job duties. This can be done by taking on additional projects, joining committees, or asking for more responsibilities.
Make and Achieve Your Goals
One of the best ways you can show to your boss that you’re worth a more significant financial investment on the part of their business is to give hard facts about your performance. To do this, Aja Frost, a contributor to The Muse, suggests that you meet with your boss to set some goals for your performance at work. Once you’ve met or even exceeded those goals, it will become very obvious to your boss that you deserve more compensation. Some of the goals you might want to set could involve bringing in more money, getting more sales, retention, or helping with internal goals like compliance or company culture.
If you want to make more money, consider using the tips mentioned above to show to your boss that you’re worthy of a raise.