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factors you have to think about first:
0 Y6 \* p& c$ l4 a9 ^2 `6 p, l/ Uhow well paid you are at the moment compared to the market norms
9 I0 D+ [$ Y; _" |, T$ Qthe rate of inflation
0 ]3 |' F( x. u& `! ^; I+ cwhere you live and work and the costs of living associated with the area, and in relation to other geographical locations where company employs people
+ L1 M) i1 B; X3 M" Q3 Sthe company's position concerning staff turn-over, retention, recruitment and head-count (ie increasing, reducing, or static; in accordance with planned levels or not)
c# @! ]; Y* w K+ |6 h( pthe company's trading performance (relative to budgeted costs and planned sales and profitability)
& W0 w1 t1 l4 E+ nthe available budget your company has for pay rises (which is usually none, apart from annual salary review time)
7 z0 K7 x( V+ a( Jthe company's last company-wide salary review, and the range of % increases awarded
- }( q/ }2 f- M- ~the company's next company-wide salary review, and the likely range of % increases* e, O% q3 y6 ~/ Z: {( Z
what precedents would be set for other employees by giving you a rise (this is often a significant issue for the company)8 @$ W, t- K( {2 [6 ?
how valued you are to your boss and company
$ V4 ]* e; `+ R+ g7 Fhow easy it would be for them to replace you with someone of similar capability and value at the same or less salary
I( O, B0 y8 U* ^; |1 p0 ghow much extra responsibility and/or you are prepared to take on
9 e7 v0 E$ C3 d# w1 k: D* C2 d( i' chow much extra effort you are prepared to put into the job and how ambitious you are
3 `3 ^0 q7 p) ~" `and, 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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