Skip to content

Blog


Recent Posts:


  • Avoiding common payroll mistakes

  • Tax essentials for sole proprietors

  • The right financial guidance can help maximize your business’s potential

  • FAQs about resolving small business tax issues

  • Stress testing: A smart way to manage today’s business risks

  • Open the door to investment with a winning pitch deck

  • What’s the right entity type for your new business?

  • Behind on bookkeeping? Here’s how to get back on track


  • Lowering Your Chances of Gaining a Raise

    Asking for a raise from an employer takes finesse. There are very few ways to do this correctly and many ways to do it incorrectly. When trying to negotiate a raise, whether it is for a new job or a raise in pay at the current one, it is important to consider mistakes that other employees have made over the years. By avoiding what not to do, employees have a better chance of getting that raise that is so desired.

    Remember, not everyone has to make the same amount of money, so do not bring up a co-worker’s salary as the base argument for getting a raise. By bringing up someone else’s salary, the employee is putting the employer in a very uncomfortable position. Not only is the employee forcing the employer to explain why the other employee makes more, but the employee asking for the raise is showing the employer that he is deserving of a raise based just on the fact that his employee is making it, not on merit. This can devalue the employee and create a bad impression on the employer.

    Threatening to leave the company or take a new job if a raise is not given is not negotiation. Many employers will see this as an act of aggression since the employee is trying to back the boss into a corner. In actuality, a good employer will see through this bluff and there will be nothing gained; in fact, the employee could have just saved everyone’s time since he will more than likely be fired after such a threat.

    Do not get emotional. Whining about personal problems or complaining about how long it has been since the last raise can discredit the employee. Remember that the reason for the raise is based upon professional circumstances, so keep it so. Employers know that personal problems can affect an employee’s work, but this is still no excuse to use it as a trump card to convince the employer to pay out more.

    Lastly, beware of basing your argument on entitlement. No one is entitled to gain a raise after hitting certain benchmarks such as 6 months or a year. Arguing that the employee has done their work and been on time for 6 months is not merit for a raise, but rather only serves as proof that the employee is doing the job they are hired to do. Instead, show the employer how expectations were exceeded and give quantitative results to show how it was done.

    At Padgett Payroll Services®, we have helped small business with their payroll management for more than 40 years and want to share our expertise with you. Please contact us today to find out how we can work with you for all your payroll needs.


    09/17/2014



    Frequently asked questions

    We take care of your books for you, so you can get back to the job of running your business and generating profits.

    We offer payroll solutions that meet your business's needs and enable you to spend time doing what you do best--running your company.

    Learn More

    We offer a variety of services to help make sure that you are taking full advantage of Quickbooks' many features.

    We're here to help you resolve your tax problems and put an end to the misery that the IRS can put you through.

    We offer one-on-one guidance and a comprehensive financial plan that helps manage risk, improve performance, and ensure the growth and longevity of your wealth.

    We encourage you to contact us with any questions.

    By submitting this form and signing up for texts, you consent to receive marketing text messages (e.g., promos, webinars, etc.). Consent is not a condition of purchase. Msg & data rates may apply. Message frequency varies. Unsubscribe at any time by replying STOP or clicking the unsubscribe button link (where available). Please see our Privacy Policy.