Communications of the ACM
How to Ask For a Raise During a Recession
Salary negotiation is rarely easy, but it's especially fraught with difficulties during a recession, when companies are scaling back to save every penny. Asking for a raise when the economy is bad can make you look out of touch with reality and insensitive to your employer's business challenges. According to compensation experts, however, it is possible to ask for a pay increase if you are an irreplaceable employee or if you offer special skills or experiences not broadly available in the employment market.
Recruiters are cautious about workers asking for a raise, pointing out they must build the case that they are making less than market value. Before requesting a raise, you need to determine your market value, based on your skills, experience, role and location. You can get salary information from salary websites, by talking with recruiters, and by asking friends who've been on your team but who are no longer with your company what they think you should be earning. If you¿re already making more than market value, you will need to show that it would be extremely difficult or expensive to replace you.
From CIO.com
View Full Article
No entries found