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factors you have to think about first:
0 Z5 D) H! ]+ H e7 Whow well paid you are at the moment compared to the market norms; x5 I( f$ Q& ? q1 c, _
the rate of inflation
# S1 T- T$ ]: p" W: Z/ Ewhere you live and work and the costs of living associated with the area, and in relation to other geographical locations where company employs people0 q5 F/ A I1 k% P. A- S
the company's position concerning staff turn-over, retention, recruitment and head-count (ie increasing, reducing, or static; in accordance with planned levels or not)
9 ~4 a5 l" Q7 Z6 O: f* @the company's trading performance (relative to budgeted costs and planned sales and profitability)+ ?2 ^! H! M& r6 Y) y. [
the available budget your company has for pay rises (which is usually none, apart from annual salary review time)
2 z- y; O8 v; W: Q, ^* L3 R. Bthe company's last company-wide salary review, and the range of % increases awarded
6 [( R2 l7 s4 J. V4 [7 hthe company's next company-wide salary review, and the likely range of % increases
- t( R/ j8 t' N V' r% S3 awhat precedents would be set for other employees by giving you a rise (this is often a significant issue for the company)6 `9 v3 Y% j# O. p8 p2 Z K, h
how valued you are to your boss and company
9 w$ B* m& P+ W- xhow easy it would be for them to replace you with someone of similar capability and value at the same or less salary
8 X4 O, s9 T+ Q; n/ h2 t, h7 n. Chow much extra responsibility and/or you are prepared to take on
) J8 N( N8 d! D# ?9 ohow much extra effort you are prepared to put into the job and how ambitious you are
0 z6 Y. |) o- g) oand, very importantly, what you will do if you don't get a raise or salary increase (ie., how much you want to stay with your present company and how confident you are that you could find a better job elsewhere) |
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