Kerri S. Smith – BBW Magazine https://www.bbwmagazine.com The Power of Plus Mon, 16 Nov 2015 22:00:56 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.21 72207187 When (and How) to Ask for a Raise https://www.bbwmagazine.com/2015/04/03/how-to-ask-for-a-raise/ https://www.bbwmagazine.com/2015/04/03/how-to-ask-for-a-raise/#respond Sat, 04 Apr 2015 02:50:24 +0000 https://www.bbwmagazine.com/?p=431 The first time I asked for a raise, things went so badly that the boss took a sincere dislike to me. I wound up leaving the company soon after this failed bid for more bucks.

The next time I negotiated salary, I got a 35% increase along with a four-day workweek.

What did I do differently? Everything. But first I talked to industry experts as well as successful rainmakers. They helped me come up with a four-step plan that cracked open my employer’s wallet. Here’s what they said:

First, make sure you give an employer excellent service. Companies are profit-making machines that generally award raises only to superior workers. You already are doing the job for a previously agreed-upon pay rate. The only way to change the current arrangement is to offer up more and better goodies than co-workers.

In fact, if you’re not giving 110 percent at work, it’s pointless to show up for another day, says Mary Ann Rust, Ph.D., a Los Angeles psychologist who developed “Blueprint for Career Success,” a job-targeting program used nationwide.

“If you are daydreaming or going slow, or feel resentful, you’re in the wrong job,” Rust points out. “This is a faulty attitude, and you end up learning bad habits that will slop over into your private life, from your tennis game to everything else.”

She encourages clients to view their workplace as a canvas upon which they paint a vividly unique picture of themselves.

“Share your special skills with others. Keep training yourself. Celebrate yourself in work, because the object is to grow as a person, and to use your work as an object of self-development,” Rust urges. Your on-the-job stock will rise accordingly, she adds.

Former Washington, D.C. lobbyist Barbara Hirsch agrees. Hirsch found salary talks went especially well when she tied a raise request to an expanded job description.

“I was always doing things I wasn’t hired to do, and then I would go to my boss and say, ‘We need a new job description for me, and we need to talk about new compensation based on the higher salary range that goes along with the re-written job description,'” explains Hirsch.

Now a publisher, Hirsch makes personnel decisions based on the answer to this question: “Is this person a revenue maker for me?”

“If they are making me more money, then they should make more money,” she adds.

Second, smart money-seekers put themselves in their bosses’ shoes before asking for a raise, says Bruce Loveland, executive vice president for client services at the New York City office of Bernard Haldane Associates, a national career consulting firm.

Before opening the discussion, ask yourself what the boss has to justify internally to make a salary increase happen, suggests Loveland.

If it’s a privately owned company, the first thought likely will be, “This will come out of my pocket, and do I want to take this money out of my pocket?” he says. Public company managers know raises will come out of their annual budget, or the corporate pocket, so their reasoning is similar.

“Basically, the employer asks, ‘What is my return on this proposed investment?'” Loveland continues. Then the boss must decide specifically how much to jack the salary, based on the worker’s perceived worth.

The third step to nailing a snazzy raise is determining how much to ask for. Pre-recession, the average raise ran about 3-5% annually, statistics indicate.

But instead of asking for a generic 4%, base your request on the pay range for a comparable person in your industry with similar skills and experience, says Jacqueline Threadgill, a health-care consultant in Philadelphia.

“It is good – especially for a woman – to make sure there is a policy written on how raises are implemented” before opening salary talks, says Threadgill. “If there is a salary band or range, you need to know where you fall with your current pay.”

Doing this pre-meeting research helped Threadgill get the raise, but first, she recalls, she had to state her case in strong terms.

“Make sure you’ve checked with your resources, are informed of what you need to know, and then have the strength to disagree or debate if necessary about why this is reasonable,” Threadgill says.

Keep in mind, though, that the same job pays differently from one part of the country to another, so a $60,000-a-year job in Phoenix may pay just $53,000 in Nashville – or $74,000 in New York City.

Now it’s time for the main event: what I call the “This is what I’ve done for you; This is what I’ll do for you” memo. It’s the single most important thing you can do to convince the boss that you’re worth more greenbacks.

Start by setting up a meeting during a non-stressful time of the week. If asked, you can say, “I’d like to discuss my future with the company, and some ideas I have along those lines,” prompts Bill Frank, president of Denver-based Career Lab.

Then spend a few hours drafting a hard-hitting memo that details what you’ve done in the last twelve months. Without exaggerating your role, be specific and use punchy language for maximum impact.

For instance, rather than saying you “participated in an important sales project,” say, “I was the lead producer in Target ’14, the company’s major revenue vehicle, bringing in 12% more new business than my peers.”

“Since salary is determined by performance, list your work ‘home runs’ that document your accomplishments and achievements in the memo,” Frank advises. “You’re not being a brown-noser, you’re informing him or her about what you really do for the company.”

In part two of the memo, list several bulleted items about what you plan to do for the company in the coming year. This is a teaser, of sorts, that you tailor to the boss’ agenda and the company’s stated goals. Part two cues the boss as to what he or she may be able to boast about – production-wise – in a year, thanks to you.

Don’t expect an immediate answer. Most supervisors need time to check the budget and mull over your contribution to the company. It’s not unusual to wait a week or even a month before getting an answer to your raise request.

Stay calm, and through it all, advises Rust, remember her mantra: “Work done in love has the breath of life to it.”

Delve Deeper

When NOT ask for a raise

There are times when it’s best to defer asking for a salary increase, no matter how stellar your performance, says Bill Frank, president of Denver-based Career Lab, a career consulting and human-resource firm.

“Raises are always determined by business conditions, most important of which is, ‘Is this business profitable?’ More particularly, is your own particular job a profit center for the employer?” Frank explains.

  • Do not ask for a raise when the business is doing badly, or when you’re not generating more revenue than you’re costing. Wait until things improve, or move on.
  • Avoid hitting the boss up for more money when he or she is doing badly emotionally. “Don’t go in there the day before your boss is going to divorce court,” Frank says.
  • Throw it into reverse if the first mention of a salary increase seems to inflame a normally steady employer. You may have pushed his or her button during some unknown-to-you crisis. Simply say, “I seem to have raised this at a bad time. When would be a good time?”
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Dodging the Downsizing Bullet https://www.bbwmagazine.com/2015/03/15/dodging-the-downsizing-bullet/ https://www.bbwmagazine.com/2015/03/15/dodging-the-downsizing-bullet/#respond Sun, 15 Mar 2015 15:37:04 +0000 https://www.bbwmagazine.com/?p=378 Her first merger was nerve-wracking, recalls Carolyn Nannaman, a Los Angeles administrative manager.

“We’d heard rumors for months. Everyone was afraid of what was coming. Then one day there was a big meeting, and we learned the company had been sold to a competitor and about half of us were going to be laid off,” Nannaman says.

But she kept her job, survived and even thrived – only to be plunged into merger madness again, less than two years later, when another competitor swallowed her employer. This time, the bottom fell out.

“One Friday a few months after the merger, we were called in, one by one,” she says. “They gave me a paper to sign and a check for two months of pay. It took ten minutes, and I came out and cleared out my desk. I was back home by 3:00.”

In the modern workplace, it’s likely you will experience the uncertainty of a merger or downsizing campaign. But if you’re able to anticipate the downsizing bullet, it’ll be that much easier to dodge.

Sniffing Out A Merger

There are three easy-to-spot indicators that your employer may soon be shopping for a partner or considering offers from another company:

1) Your industry is consolidating. Big companies are eating little companies, and medium-sized companies are teaming up. You notice job shrinkage among competitors. More hints come from TV news, industry newsletters and scuttlebutt on the Web.

2) Your company holds a valuable niche position in the industry – such as being the only profitable copper producer in the West, for instance, or a small but cost-efficient home-health agency in a town dominated by a major healthcare chain.

3) Unusual events collide, such as a surge of employee resignations occurring around the same time as an unexpected inventory of all company equipment and office furniture. Interpretation: savvy workers jump ship before layoffs, and the inventory is part of valuing the company for sale.

If any of the three indicators apply, be aware that a merger is a definite possibility. That means two companies will become one. The merged company, now with more customers, may not lay off the equivalent of a whole staff. But it’s also likely that the new company doesn’t need everybody. For instance, the merged company only needs one human resources chief, but has two; so one person is cut. The bigger company will have more employees to manage, though, so perhaps three-fourths of the human resource clerks from the combined staffs will stay.

Try to figure out which positions will be duplicated if your employer merges with suitors A, B or C. Not sure who the suitors are, or which companies your employer might be eyeing? Again, tap into industry buzz. Stock market analysts and talking heads are always yapping about possible matings. It’s good to know what the potential pairings are, because each merger will shake out differently.

You can’t anticipate every possible scenario, though, as merger fallout also will vary by geography, timing, and external factors. When a giant Colorado-based utility company merged with a Texas utility several years ago, few field jobs (installers, repair personnel) were cut because each company still had a huge territory to cover. But two toy manufacturers in the same state won’t need separate distribution networks after joining, so an entire department of jobs will go.

But if toy company A bought toy company B – which happened to be the maker of this year’s version of the monstrously popular Frozen Snow Glow Elsa – as it was geared up for the holiday rush, workers might be added, not shed. If the same merger happened on the eve of the economic recession, layoffs would have been more likely.

Protect Your Job

While some layoffs are sweeping department-wide executions that don’t take personal achievement or connections into consideration, in many cases your professional reputation can save you a spot in the unemployment line, says employment consultant and author William Charland.

What would your boss say if asked, “Is there anyone especially worthwhile that we want to preserve from this department?” Would your name be the first one mentioned? You can make that more likely by taking steps now, Charland adds.

First, build or re-activate a network of peers and management. Ask people to lunch and talk shop, or chat about mutual interests – but don’t indulge in malicious gossip. Volunteer to help plan the annual office picnic or sign up for the company-sponsored walk-a-thon. Outside of work, read industry magazines, listen to business podcasts, and join a professional organization to make contacts among competitors.

“Choose people who are knowledgeable in your organization or field, and to whom you pose no threat,” he suggests. “Concentrate on those sympathetic to you, and inform yourself about what is going on.”

If you do have a viable network, you’re not going to be taken by surprise by a merger or downsizing, says John Challenger, head of Challenger, Gray and Christmas Inc., a Chicago outplacement firm. And since managers hire or retain those they feel comfortable with, the more friendly relationships you have, the more likely it is that you will stay employed. But avoid “sucking up” or false cheerfulness, he says.

“And don’t hide. A lot of people think ‘if no one notices me, I will slip through.’ But it’s the opposite,” Challenger continues. “They have to select people to stay. So become super-visible in a positive way.” His suggestions: be extra-productive. Volunteer to help on projects. Find ways to cut costs.

Once a merger is announced, cheer rather than whine, he adds. “Accept the change. Accept the merger. Don’t be negative and vocal behind the scenes, as it will come out.”

Laying Off Stress

Job turmoil makes for hideous stress, making it harder to perform well or feel positive, says Dr. Cathy Quinn, a Beverly Hills psychologist.

Feeling powerless or helpless is often the biggest stressor, she says. “Sitting there helplessly waiting for the ax to fall makes for harmful emotional distress. That’s usually a bigger issue than the actual job loss.”

Quinn suggests that the answer is to take charge of what you can and to explore other options if you feel a lay-off may be close at hand. If you didn’t have this position, what would you like to do? Is this the time to go back to school, waitress your way around the world, or leave the workplace to have a baby?

If you decide to stay put, focus on achieving what Quinn calls “a state of non-anxiety” several times a day. Take a series of 10 deep breaths. Get a mini-massage. Meditate. Go to a support group and vent. Take a rousing walk or pound out a few miles on an exercise bike. Take your headset to work and listen to your favorite music at lunch. Or take a good book and immerse yourself in another world during breaks.

“The goal is to remove yourself from the stress, because prolonged stress leads to breakdown of the immune system, which leads to disease,” she explains. “Re-fortify yourself by escaping. And take care of yourself physically by building muscles, eating properly and getting enough sleep to feel good when you wake up.”

Delve Deeper
Job Loss

Employment consultant William Charland says we react to getting a pink slip by “being pissed off, angry, depressed, fearful, even feeling violated.”

The emotions may blind us at a crucial moment, he adds.

During the exit interview, when you’ve been told your job is eliminated, avoid signing anything, even if told “you have to sign this before I can release your severance check.” Employers may exploit the moment to get your signature on documents that hobble your actions long after you’ve worked for them. Sometimes they leverage your severance amount; other times they dangle continued health benefits to get your signature.

Don’t sign a confidentiality agreement about the terms of your severance package or the lay-off process. Companies sometimes use confidentiality agreements to keep details of the merger from getting into the newspapers. The more exploitative the layoff process, the shyer the employer. But your job was just eliminated; why shouldn’t you talk about it if you want to?

Liability waivers are another form of popular exit interview paperwork. Don’t sign it until your attorney has looked at it and given you the green light. It’s still too early to tell if you were selected for layoff fairly or unfairly, and you don’t want to sign away your right to sue. After all, many of the nation’s largest employers have been dragged into court in recent years, where juries found they focused on above-40 workers, women, or minorities when whittling jobs.

Some employers even try to get laid-off workers to sign “non-competes,” meaning they will not work for a close competitor for a certain period of time after leaving. Others restrict the knowledge you can take with you to another employer.

Instead of signing, say, “I need to take a day to consider this before signing. My lawyer will want to review it with me.”

“Don’t decide on the spot or be intimidated. You take a day to think over a job offer, and you also should take a day to think over any kind of termination agreement you are asked to sign,” says William Charland, employment consultant and author. Take your questions to an attorney who specializes in labor law, not just a friend who’s a lawyer.

What if your employer insists you sign now or lose the opportunity for severance or other benefits?

“Very seldom does this happen, if you request a day to think it over before signing. After all, that is unethical and possibly illegal. Say, ‘I certainly should be able to consult an attorney, even if it’s over the phone.’ Above all, maintain a professional posture.”

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