6 steps to set for a pay rasie

Happen to read this article from salary.com on how to set yourself up for a pay raise. I think is very nice, and share with you here.........

Most employees don't know how to negotiate. Many feel they are underpaid for the work they do, yet they wait until their yearly performance review to begin salary negotiations. Where and when do you begin? Now is the time to convince your boss.

1. Define Your Current Job

The first step in setting yourself up for a raise is to establish a baseline or benchmark by finding and updating your job description. Review your updated job description and divide up your job into its component parts. In each area set standards and goals.

2. Track Your Progress

After you have finalized your job description and set future goals, take the time to document your progress. These information may also indicate to your employer that your job is evolving -- and that it is time for an increase in responsibility, salary, and title.

3. Discuss Your Upcoming Review

As review time draws near, take the initiative and set up a meeting with your boss.

4. Do Your Research

Although salary negotiations may still take place behind closed doors, the internet has made it easy to learn where your compensation package stands in comparison to other workers in your field.

5. Frame Your Pitch

When you sit down for your performance review, you can use all the information you have gathered and records you have kept to illustrate both your past work and future potential. Make it clear that you want to grow in the job -- and that you want your salary to grow with you. During negotiations, be sure to mention the other areas of your compensation package. It may be easier for your employer to expand your work/life benefits than to raise your salary, and frequently the resulting change is equally beneficial to you.

6. Start Again

During your review, be sure to speak to your employer about his or her goals for your future at the company.

The full article at http://www.salary.com/personal/layoutscripts/psnl_articles.asp?tab=psn&cat=cat011&ser=ser031&part=par924

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