Today, I’m kicking off a special 3-part series that is dedicated to improving your relationship with earning.
We’ll start with those of you who work a traditional, 9-to-5 job. (If you are self-employed, stay tuned for Part 2 next week.)
As a salaried worker with a boss—or multiple bosses—you may feel like the amount of money you earn is totally out of your control.
If you are like many people, you may have gone years without approaching your boss about an increase in salary.
You may have assumed it will happen and have been waiting patiently (or impatiently). Even if you love your job, this scenario can easily bring up anger, resentment, and frustration.
But in corporate settings it’s not uncommon for valuable employees to be overlooked, or passed up for a raise for various reasons.
This does not mean getting a raise is impossible.
Let’s look at a few ways you can shift your circumstances to better suit your financial needs.
Check In With Your Feelings Around Earning. Sometimes we hesitate to ask for a raise because we ourselves are unsure of whether we deserve it, or not. Check in with your feelings around the idea with these four questions:
Have you been hesitating to ask for a raise? Why?
Do you feel ready for an income boost?
What will earning more money bring up for you?
What good and “bad” things may happen if you start to earn more money?
You’d be surprised what comes up for you with this simple inquiry.
Get clear on the value you bring to the table. If you are going to make a compelling case for a raise, you must believe it yourself. When you feel your value, you will walk into the “pay raise” conversation with more confidence and conviction. This is why I recommend you write down all the contributions you make—the results and benefits you bring to your team and to your firm.
Do you save the firm money in some way?
Do you save your boss time?
Do you increase productivity?
Do you offer insight and new ideas?
Do you help get the job done?
Be as clear as possible, down to the numbers if you have access to them. It’s an exercise for you, as much as it is one to help you build your “case”.
If you need a higher salary, you may also want to consider looking beyond the traditional raise. Perhaps you can negotiate a new position within your organization. If you offer your boss a plan, you just might be surprised by what happens.
Don’t Assume You Are Stuck:
It’s always a challenge to think about changing jobs, but if your job is a source of excessive stress, or if it doesn’t pay you what your work is worth, it may be time to consider a move.
When you get a solid grasp on your value, and what you truly deserve, the tangible outcome will fade in comparison to what you discover about yourself. You will know your worth, and what move is right for you, and THAT is priceless.
*If you enjoyed this “Money Moment”, head over to my “free stuff” page and sign-up for my weekly newsletter and weekly money moment… and receive a special invitation to my Financial Recovery Hour Q&A sessions, the 2nd Tuesday of each month. https://financialrecovery.com/free-stuff