So you have proven yourself as a valuable employee and put in countless hours on the job. Your supervisors have taken note of your excellent performance and you have been commended for your accomplishments. In light of all this positive reinforcement, you rightfully may be wondering, ‘Is it time to ask for a raise?’

The Houston recruiters at Murray Resources will all agree that timing is everything when it comes to this issue. Following these tips about knowing when to ask for a raise will put you in the best possible position to successfully negotiate your desired salary:

Do Your Research

Before you set up a meeting with your boss, you should do plenty of research about typical compensation for your particular position. There are a number of websites available that can give you a general baseline. For many positions, our Houston recruiters can give you a good idea of what the industry standard is. If you are being paid below the market rate for your position, then you may be more likely to receive a raise if you ask for one.

Consider the Economy

It’s no secret that we are currently experiencing a sluggish economy. With so many people facing layoffs and pay cuts, you may be hesitant to ask for an increase in your salary. Conditions are certainly better for you when the economy is stronger. If things are slower at your company and departments are facing cutbacks, you should probably wait at least one or two quarters to reevaluate things before approaching your supervisor for a pay raise.

Market Yourself

Many people make the mistake of failing to sell their manager on why they deserve a raise. Your supervisor may be aware of some of your accomplishments, but if you want a higher salary than you will need to be prepared to highlight many different ways that you have proven yourself as an asset to the company. Selling yourself the right way makes it much easier for your employer to consider you for a pay increase.

Consider a Change in Your Position

This long-term strategy puts you in a great position to ask for a raise when the time comes. First, ask your supervisor if you can transfer to a position with more responsibility. If you move to a new position that produces more value for the company, then you can leverage this as a reason to justify asking for a raise. Just make sure that you time your request appropriately and not when the company or your current department is short-staffed.

Are you a talented professional looking for your next career move?

Turn to the top Houston recruiters at Murray Resources for help in exploring your next career opportunity. Contact Murray Resources today to get started.