Chicago, IL, January 18, 2013 --(PR.com
)-- Most people will agree that asking for a raise makes them nervous. And almost everyone agrees that making more money in 2013 is near the top of their "to-do" list in January. But what many may not realize is that early January is the best time to ask the boss for a pay increase.
“Your window of opportunity to ask for and receive a pay increase is limited,” explains Mark Geraci Jr., a financial adviser for Sound Strategy Estate & Retirement Specialists in Round Lake Beach who works closely with many local newlyweds, young parents and pre-retirees in Lake County. “Raise seekers need to be prepared to roll up their sleeves and make a strong case for the pay increase. But with some careful planning, a bit of bravado and a well-timed approach, you help boost your chances of scoring a raise.”
The biggest problem, says Geraci, is that most people don’t know how to approach their employer about a raise. While some companies hold annual or semi-annual reviews for their employees, many smaller organizations don’t. If your company doesn’t hold formal reviews, you will need to ask the boss for a private meeting to discuss your goals for 2013.
Once in a discussion with your boss, try saying something like this, “Mr. Boss, I’ve enjoyed helping XYZ Company grow more successful over the past year and I’d like to talk about adjusting my salary to reflect those contributions,” says Geraci. “Try to show your boss how you will help make their life easier by increasing sales, developing new products, hiring more staff, or taking over more responsibilities, for example.”
The new year is often when the "new budget" is made, so asking for a raise in January increases the odds that you’ll be successful, offers Geraci. Make a list of your best accomplishments in 2012 as well as any samples of your work that are relevant for your meeting. Come prepared to showcase your best work.
To find out exactly how anyone can assess their investment needs, call Mark Geraci Jr. at (224) 338-0760. For a Free copy of Mark’s Special Report: “The Busy Parents Guide to Living Debt Free and Truly Wealthy” please email firstname.lastname@example.org or write to: Sound Strategy Estate & Retirement Specialists, 1228 N Red Oak Cir #4, Round Lake Beach, IL 60073. Securities offered through LPL Financial, Member FINRA/SIPC