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factors you have to think about first:
* m( }! ~2 t2 u& |how well paid you are at the moment compared to the market norms+ O, a& S8 u! i0 ]' c x/ O
the rate of inflation- v. B1 [4 L4 `" I% o8 i# A3 }
where you live and work and the costs of living associated with the area, and in relation to other geographical locations where company employs people
$ G/ k) Z' e" s) E& _& O. Ythe 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 m- C1 x4 C, O: Wthe company's trading performance (relative to budgeted costs and planned sales and profitability)
5 g! z: l# m5 M! N- lthe available budget your company has for pay rises (which is usually none, apart from annual salary review time)
5 Y6 h) ~9 D* U1 e2 N! ythe company's last company-wide salary review, and the range of % increases awarded( F0 \, x' ~9 w; J! F; ]
the company's next company-wide salary review, and the likely range of % increases7 Y* M+ t$ m7 P" k0 G2 M0 D' U3 ]- d! Z
what precedents would be set for other employees by giving you a rise (this is often a significant issue for the company)
# X2 P' B7 V8 M1 {3 Khow valued you are to your boss and company j# r h6 ~9 A7 E* _ t. P
how easy it would be for them to replace you with someone of similar capability and value at the same or less salary$ ~2 n" v8 X+ @5 `3 v1 S0 s8 [2 i2 Z
how much extra responsibility and/or you are prepared to take on( m y7 X L- k2 h) c
how much extra effort you are prepared to put into the job and how ambitious you are
' p; Y! t0 l( V% vand, 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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