How to get a raise when they're not handing them out

Plenty of employees are finding themselves in this predicament, because many recession-wary companies that stopped handing out raises during the economic downturn are still hesitant to open their wallets today. But career experts say that despite all the penny-pinching, a salary hike isn’t necessarily out of the question--so you might as well ask.

Know your value

Do the proper research to figure out what you’re worth, even if it means going on interviews or online site. If you find out you’re underpaid, you can use that to negotiate an

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Know your value

Do the proper research to figure out what you’re worth, even if it means going on interviews or online site. If you find out you’re underpaid, you can use that to negotiate an increase.

Look at salary surveys, cost-of-living comparisons, and rates of compensation within your organization, if possible. If you are aware that colleagues are earning more than you, tread carefully. You don’t want to put others in a negative light or violate a corporate written or unwritten rule about knowing what others earn. Simply present what the field generally pays, and why you believe your performance is at the top of your field.

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Mon, Nov 26, 2012 10:00 AM AST (Arabian)