create your own

How to ask for Money

63
rate or flag this page

By sgjerome


Think you deserve a raise?

If your company is chopping heads, and contemplating pay cuts, now is obviously not a good time to be asking. Instead, use this period to make yourself indispensable.

 

The most successful negotiators I know have a positive attitude towards money. They think big and want to win. They're not afraid of money or to say they want it. Not afraid to use, spend, invest, share it; or to trade it off on behalf of common goals.

Losing negotiators, by contrast, tend to ask not only for less than they're worth, but for less than the other person is willing to give them.

You must learn to "get more" to negotiate a raise, earn what you're worth, make that sale, pay a fair price. And because emotions are such a tremendous factor in acquiring and disposing of money, you're also going to learn how to negotiate for money with different types of people.

 

Hari Kiri in the marketplace

Most of us harbour the suspicion that money might put something between us and those with whom we negotiate, that it might somehow distort feelings and relationships. It's this fear that keeps us from asking for what's owed us, be it in the form of a bill past due or a merit raise.

 

Make others value your presence

People used to think that if they worked hard and stuck to business, their efforts would be perceived and rewarded. However, Dr Adele Scheele's finding shows that the achievers are those who spend 50 percent of their time performing their work and the other 50 calling attention to it in assertive, non boastful ways. (Note: If not discreet, attention-seeking is irritating.) Dr Scheele is a Change Management Fellow at the University of California, Los Angeles (UCLA).

 

Self promotion means, as well, taking on extra responsibilities, getting active, joining organizations. Try coming up with creative ideas, inviting your colleagues to lunch, helping them with problems, etc.

Use memos or emails. They not only make you visible, they memorialize an idea as yours. Send them to all the appropriate people.

But before distributing your memo, be certain that the practice is consistent with the policies, as well as the realities, of your organization, Jungle Fighter or Big Daddy/Big Mamma, to whom control is imperative, or your memo might backfire. This is especially disastrous when you rush for, or steal credit.

How to ask for - and get a raise the word here is "timing". Are you "hot"? Have you just closed a deal, won a case, set a sales record? Go for it.

Timing also pertains to your organization's salary policy. Is your request in line with that policy?

 

Let's walk through the Four Step Process now with that word in mind.

1. Define the problem. You've landed three major accounts in the past year, but your salary's lower than others' whose work isn't as good. You're feeling unappreciated and ignored. You're overdue for a raise.
2. Decide what you want. Immediate or long term satisfaction? A big job down stream, or a big raise right now? What trade offs are you willing to make if you don't get your raise?
3. Design a strategy. Write your script to reflect an awareness of the company's current condition. Is business good? Also, find out beforehand what you're worth in management's eyes.\
4. Do it. Make an appointment. Read the mood of the person you're making your request to. If he says he's just too busy, tell him you'll write him a memo with an alternative salary suggestion. Be absolutely sure you know what that figure is, and have a 'wide band' in mind.

Know your boss's style

Jungle Fighters will try and distract with criticisms of your past deficiencies, real or imagined. Stick to your agenda.

Dictators use nothing but logic and fact. Does your homework well, speak clearly and argue specifically.

Silhouettes. Bring facts and data, make your presentation clear and crisp.

Big Daddies or Big Mamas expect loyalty and dependence. Say how much their advice and support have helped you progress in the past year. Always ask for more they'll cut down your request, simply to express control.

Soothers. Press gently but firmly until you get an answer, and apply pressure if no answer is forthcoming.

Jungle Fighters. To them money is a tool, getting and keeping it is part of the power process. They love the trappings that money buys.

Dictators control money as they control people, investigating meticulously before they invest or spend their money, making decisions without consulting others.

Silhouettes hoard money. They derive pleasure from making and not spending money.

Big Daddies and Big Mammas are generous to a fault, but look out for the strings ...loyalty and devotion. Having you in their debt gives they control.

Soothers. Money is a real problem for them. They're incapable of asking for it, and know they won't get it. Yet being helpless consumers, they have a great need for money.

Win win Negotiators enjoy earning money, for themselves and others. They enjoy spending it too, especially if the trade off is good.

 

Best Hubs

  • Teenage abortion

    Teenage abortion rates are soaring. In light of a more sexualised and experimental generation, is abortion providing an invaluable second chance or encouraging an increasingly flippant attitude towards sex? ... - 9 months ago

  • 2009 Feng Shui Forecast

      The four auspicious sectors are: South East, South, Northwest and Centre as highlighted in Red above. The five inauspicious sectors are Northeast, North, East, Southwest and West.   This year,... - 13 months ago

  • Penang

    Ask any Penangite what their town's main attraction is, and they'll proudly declare it's the food. Not that this idyllic resort island is without its scenic charms. Penang, or Malaysia's Pearl of the... - 11 months ago

  • Your Luck in Year 2009

    With the New Year ahead of us, one may want to start looking into his or her horoscope predictions for the year 2009 to have a good head start. Should it be a tough year ahead, prepare yourself well enough... - 12 months ago

  • Chanel No. 5

    Re-making an icon as famous and beloved as Chanel No. 5 was never going to be easy. On a chilly July morning during Paris Haute Couture week, in an old townhouse near the posh Paris district of Place... - 9 months ago

  • Get Smart About Antibiotics

    MISUSE OF THE DRUG CAN DO MORE HARM THAN GOOD. HERE ARE 10 THINGS TO KNOW BEFORE YOUR NEXT VISIT TO THE DOCTOR. Sure, you know what antibiotics are. They're what you take when you're ill, but what... - 10 months ago

  • Social Escorts

    Pretty young things, some of whom you see on magazines covers, are supplementing their income by working as social escorts. Partying with the rich and powerful riding in flashy chauffeur-driven cars,... - 9 months ago

  • Normal Sex

    Do you sometimes wonder if you are having less sex than your neighbours? Or if your friends are experimenting with a new position every other week? "Misleading media messages mean it can be difficult for... - 10 months ago


Money Money
Price: $5.10
List Price: $15.00
The Total Money Makeover: A Proven Plan for Financial Fitness The Total Money Makeover: A Proven Plan for Financial Fitness
Price: $11.79
List Price: $24.99
Melissa & Doug Play Money Set Melissa & Doug Play Money Set
Price: $13.25
List Price: $19.99
The Ascent of Money: A Financial History of the World The Ascent of Money: A Financial History of the World
Price: $6.19
List Price: $16.00
Money (1-year) Money (1-year)
Price: $10.00
List Price: $47.88
The Story of Money The Story of Money
Price: $3.83
List Price: $7.99
Learning Resources Money Bags A Coin Value Game Learning Resources Money Bags A Coin Value Game
Price: $11.98
List Price: $18.99
Bunny Money (Max and Ruby) Bunny Money (Max and Ruby)
Price: $3.15
List Price: $6.99
Fox New Money Bag - Blue X No Size Fox New Money Bag - Blue X No Size
Price: $39.50
List Price: $0.00
Money (DK Eyewitness Books) Money (DK Eyewitness Books)
Price: $8.47
List Price: $15.99

Print   —   Rate it:  up  down  flag this hub

RSS for comments on this Hub

No comments yet.

Submit a Comment

Members and Guests

Sign in or sign up and post using a hubpages account.


optional


  • No HTML is allowed in comments, but URLs will be hyperlinked
  • Comments are not for promoting your hubs or other sites

working