by Nayab Naseer

Created on: March 04, 2009

The best way to get a raise is to let your performance speak for you. Today's businesses run on figures. If a business hires you, they consider how much revenue your work generates for the business, vis-vis how much they spend on you. If you need a raise, you will have to convince your boss that the company has achieved an increased amount of revenue through your efforts since the time of your last raise.

However, even after this, you might still not get a raise. This could be due reasons like the company not being satisfied with your performance, and your justifications for a raise, or some general reasons like economic slowdown, excessive greed, change in market conditions or any other reason.

Whatever be the reason, there are some important considerations to keep in mind when you receive "no" as an answer to your request for a raise.

1. Keep your cool and think logically, even if colleagues you perceive as incompetent get a better deal that you got. Fretting and fuming about this will only damage your health, and making an issue out of it will not go down well with your bosses. Accept such things as a part of life. Think logically on what next to do. The ideal scenario would be to think out the pros and cons of all future options while on a vacation, or at least on a weekend.

2. Never resign in haste. If you think you are indispensable, you are mistaken. If you walk away, the company might be put at inconvenience for a brief while, but will eventually recoup. You, on the other hand will be put to serious inconvenience without a regular income to pay your bills, mortgages and other expenses until you get your next job. If you encounter delays on the job hunt, the pressure of mounting bills might even force you to accept a deal worse off than what you are currently getting.

3. Analyze the reasons given while being refused the raise in an objective manner. Try to understand the management's side of the story, and do not rely on your perception alone. If the denial of the raise is related to your performance, consider what best you can do to raise your standards. If there is something that prevents you from attaining the desired targets set out by your boss, speak to your boss about it and reach an agreed upon goal to work for, until the time of the next raise.

4. Even without considering the reasons given, review the work you have done and how you could have done it better. List out the mistakes you have committed, which might or may not may not have been noticed

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