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factors you have to think about first:
5 Q8 R- g$ i. n6 jhow well paid you are at the moment compared to the market norms( W; A4 p4 z8 B( n
the rate of inflation* @4 ~$ \+ |- z/ `" ^* h) H
where you live and work and the costs of living associated with the area, and in relation to other geographical locations where company employs people2 c2 I, L( f5 i
the company's position concerning staff turn-over, retention, recruitment and head-count (ie increasing, reducing, or static; in accordance with planned levels or not)
0 h' p% }4 \* H$ wthe company's trading performance (relative to budgeted costs and planned sales and profitability)% s' y( c' Z! z
the available budget your company has for pay rises (which is usually none, apart from annual salary review time)
$ c, l0 ?4 e5 G6 Rthe company's last company-wide salary review, and the range of % increases awarded
* t$ L6 J4 v0 x5 F( h5 gthe company's next company-wide salary review, and the likely range of % increases5 w& m! j0 m( u2 G
what precedents would be set for other employees by giving you a rise (this is often a significant issue for the company)% l. m$ d% k2 @
how valued you are to your boss and company, G9 Q, L7 V( `# |- r
how easy it would be for them to replace you with someone of similar capability and value at the same or less salary
* }+ \1 G, Q# v6 n& I# n- ]7 i u0 ^how much extra responsibility and/or you are prepared to take on/ U8 c* D) g, w/ Z* W3 Y
how much extra effort you are prepared to put into the job and how ambitious you are
6 b. M% k* `' ^7 I+ z: f. iand, very importantly, what you will do if you don't get a raise or salary increase (ie., how much you want to stay with your present company and how confident you are that you could find a better job elsewhere) |
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