How to Convince Your Boss to Increase Your Salary

Asking for a raise can feel like walking a tightrope. It takes a mix of strategy, timing, and self-assurance. But when approached thoughtfully, it becomes empowering.

Approach your case with confidence and clarity by following these steps:

#1: DO YOUR RESEARCH

Gather solid data before bringing up the subject of a raise. Research the average salary range for your role, experience level, and location using trusted sources such as Glassdoor, PayScale, or government labor websites. You can also ask your Human Resources department for the official pay range associated with your position.

Beyond the figures, think about the value you bring to your organization. Reflect on projects you have led, challenges you have overcome, and goals you have helped the team accomplish. Collect specific examples of praise or recognition and be ready to explain why it matters to the company.

#2: CHOOSE THE RIGHT TIME

Timing can greatly influence the outcome of your request. While it is common to feel nervous about the conversation, asking at the right time increases your chances of success. Ask yourself:

a. Is the company currently in good financial health?

b. Have there been recent layoffs or budget restrictions?

c. Are there signs of growth, investment, or new initiatives?

If the business is struggling, it may be wise to wait. Moreover, ensure you have this conversation during business hours. Though it may seem natural to discuss pay during performance reviews, it is often better to schedule a separate meeting focused exclusively on compensation. This avoids mixing salary discussions with general evaluations.

#3: ALIGN IT WITH RESULTS

One of the most powerful times to ask for a raise is after exceeding your key performance indicators. Show how you have met or surpassed expectations and taken on responsibilities beyond your original job scope.

Clarify what tasks fall within your regular duties and which ones required extra effort, innovation, or leadership. Companies are unlikely to approve a raise based only on completing assigned work. Demonstrating added value is essential to making a convincing case.

#4: PREPARE A STRONG PRESENTATION

Do not rely on words alone. Visual evidence can strengthen your argument. Create a clean, organized presentation that includes: market salary research, summary of your key achievements and performance metrics, industry comparisons, as well as testimonials or positive feedback.

This shows you have done your research, understand your worth, and are serious about the conversation. Rehearse your presentation with a friend or family member until you feel confident and composed.

#5: FOLLOW-UP WITH PROFESSIONALISM

Once you have made your case, give your manager time to reflect. Compensation decisions often involve discussions with other leaders and cannot be made immediately.

If a week has passed without a response, send a polite follow-up email. Thank them for their time, restate your enthusiasm for your role, and kindly ask for an update.

Image Credits: unsplash.com

IN A NUTSHELL

Earning a raise requires more than just asking. It involves research, preparation, good timing, and clear communication. By presenting a strong case, you not only increase your chances of success but also build a vital skill in advocating for yourself at work.

Sources: 1,2, 3, & 4

 

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16 Occupations That Can Earn You More Than Facebook’s Zuckerberg

Based on the data provided by Hudson Singapore Salary Guide 2015, these 16 occupations are paid with higher annual salaries than Facebook’s CEO Mark Zuckerberg. The reason behind this will be revealed later on.

Information, Communications, & Technology Sector

1. Application Manager
Average Minimum Annual Pay: S$80,000
Average Maximum Annual Pay: S$120,000

2. IT Consultant
Average Minimum Annual Pay: S$100,000
Average Maximum Annual Pay: S$150,000

3. Customer Support Manager
Average Minimum Annual Pay: S$100,000
Average Maximum Annual Pay: S$120,000

4. Consulting Manager
Average Minimum Annual Pay: S$60,000
Average Maximum Annual Pay: S$120,000

5. Training Manager
Average Minimum Annual Pay: S$120,000
Average Maximum Annual Pay: S$200,000

6. Channel Operations Director
Average Minimum Annual Pay: S$200,000
Average Maximum Annual Pay: S$450,000

Sales and Marketing Sector

7. Events Manager
Average Minimum Annual Pay: S$50,000
Average Maximum Annual Pay: S$80,000

8. Sales Engineer
Average Minimum Annual Pay: S$48,000
Average Maximum Annual Pay: S$70,000

9. Media Group Head
Average Minimum Annual Pay: S$72,000
Average Maximum Annual Pay: S$105,000

10. Market Analyst
Average Minimum Annual Pay: S$70,000
Average Maximum Annual Pay: S$85,000

11. Public Relations Manager
Average Minimum Annual Pay: S$84,000
Average Maximum Annual Pay: S$110,000

12. Agency Managing Director
Average Minimum Annual Pay: S$200,000
Average Maximum Annual Pay: S$300,000

Human Resources Sector

13. HR Officer
Average Minimum Annual Pay: S$50,000
Average Maximum Annual Pay: S$75,000

14. HR Manager
Average Minimum Annual Pay: S$80,000
Average Maximum Annual Pay: S$160,000

15. Organisational Development Consultant
Average Minimum Annual Pay: S$80,000
Average Maximum Annual Pay: S$150,000

16. HR Director
Average Minimum Annual Pay: S$200,000
Average Maximum Annual Pay: S$250,000

Why These Occupations Pay Higher Than Being A CEO (Facebook)

Mark Zuckerberg, the innovative founder and CEO of Facebook, chose to take home a salary of US$1 (S$1.40) each year. Since 2013, Zuckerberg joined the dollar salary club alongside Zynga’s Mark Pincus and HP’s Meg Whitman.

He was quoted saying: “I’ve made enough money. At this point, I’m just focused on making sure I do the most possible good with what I have.”

Despite this move, he is still worth US$48.2 (S$67.38) billion according to Forbes.

Image Credits: pixabay.com (CC0 Public Domain)

Image Credits: pixabay.com (CC0 Public Domain)

So in a sense, most Singaporeans (including yourself) are getting salaries that outweigh that of Zuckerberg’s.

Sources: 1 & 2

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Boost Your Health And Wealth Through Running

It is never too late to catch up on your “2015 New Year’s Resolution”!

And if losing weight or keeping a healthy physique is a part of your list, try crossing it out by running regularly. Running is a convenient and affordable option. You can do it almost anywhere without the need of costly equipments – aside from a pair of running shoes.

There are fewer barriers in maintaining a running regimen too! I know this personally because my sister and I make it a point to run outdoors as much as possible. Aside from this, running boasts with many benefits from strengthening your finances to overall health!

Read for yourself:

1. WEIGHT LOSS

High-intensity exercises stimulate more “afterburn” of calories than low-intensity exercises. In fact, a long-term comparison study of runners and walkers showed that calories burned through running resulted to 90% more weight loss than walking. Thus, running regularly helps you to shed and maintain your desired weight.

If you are still skeptical, here are 15 inspiring weight loss stories aided by running.

2. ENHANCE YOUR HEALTH

Running regularly has been shown to improve cardiovascular fitness, strengthen the muscles, and increase the levels of good cholesterol. It also aids in building stronger bones, as it is a weight-bearing exercise.

With health benefits like these, how can you not love running?

3. REDUCES STRESS AND DEPRESSION

Aside from its physical benefits, running radiates emotional benefits too!

Running outdoors and feeling the glimmer of the sun can make you feel better. Getting at least 30 minutes of exercise a day (5 times/week) can alleviate the symptoms of depression and sunlight reduces stress and improves one’s mood, according to the researchers from University of Pittsburgh and Carnegie Mellon University.

What’s more? Since running helps emit endorphins or “happy hormones” without the need of prescription drugs, you can reduce the symptoms of depression naturally.

4. HELP YOU EARN MORE

If you are still contemplating on whether or not you must run or not then, you must know that regular exercise helps to increase your salary.

In 2012, a study published under the Journal of Labor Research found that employees who exercise regularly earn 9% more than their lazier or sedentary counterparts. This may be due to the enhanced mental function, energy levels, and mood. These improvements make them more valuable to their employers.

Image Credits: pixabay.com (License: CC0 Public Domain)

Image Credits: pixabay.com (License: CC0 Public Domain)

What are you waiting for? Grab a good pair of shoes and start running at your nearest town park!

Sources: 1, 2, 3, & 4

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