Reminding your boss of a promised raise can be an intimidating thought, let alone a difficult experience. In prosperous times, it can be easier because bosses may be feeling more generous to hard-working employees. However, during cutbacks, securing your raise can be nearly impossible without a plan. Reminding your boss of a promised raise should be subtle and respectful. Think about the best time of the week or year to ask. Timing is vital when reminding the boss of a promised pay increase.
Things you need
Company financial statements
Evaluate the most appropriate time to remind your boss of a promised raise. Certain times of the year, like when responding to a corporate meeting request with shareholders, offers a strategic opportunity to reinforce the value that you add to the company. Focus on what you have done successfully that warrants immediate reward, for example, how you continue to maximise, save, or enhance the company according to financial reports.
Coordinate your reminder for a promised raise with your performance review. According to the NWjobs blog, you should ask if it has been 12 to 18 months since your last performance review. Send a letter or e-mail to follow up on the promised raise by asking about the performance review initially. Then, ask about the current status of the promised raise. You can say that you are planning to speak with your financial adviser about retirement and would like to know exactly when you can make adjustments in investments.
Send a thank-you note regarding the pending raise as a friendly reminder. You should write how much the promised raise means to you. An electronic card may be OK for some bosses, but the traditional card tends to work best for a personal touch. Providing your signature on the card reinforces the idea that you are taking out the time to be reflective. Holidays are perfect times to share this type of message effectively.
Schedule a formal meeting with your boss. Select a time of the month, week or day when the boss is less busy. Label the meeting "projects" or "career concerns." This may not be as direct as your boss would like, but it could help you get a chance to talk sooner.
Remind your boss during a face-to-face meeting of the costs associated with employee turnover when an employee leaves. Explain the training costs attributed to hiring new people in your field. Share that you are thankful for your upcoming raise because it gives you the incentive to remain at the company. Then, directly ask your boss when the pay adjustment will take effect.
Things you need
- Performance reports
- Company financial statements