Pay raise discrepancies between bosses and employees

A survey finds that 67 percent of managers believe their employees are paid fairly, but only 21 percent of employees feel their pay is accurate. 

You need to ask, but in the right way.

Research what the job pays.

It’s recommended to ask for a raise in a neutral place, not your boss’s office.

Also, three months BEFORE your annual review time.

Give logical, not emotional reasons why you need a raise.

Be prepared for them to say no and know what you’re going to do with that answer.

Houston leadership expert Jill Hickman said asking for a raise means nothing if you aren't showcasing your value.

“Looking for all the different ways that you’re adding value to your team, to you manager, to your peers, to your organization, to your customers; and really being able to document what that value is, in terms of how does that value translate to productivity and profitability,” said Hickman.

She said you can't wait to be recognized.

“Unfortunately, they miss out all along the way of their career because they wait to be recognized, rather than going in and asking for those opportunities and for those raises,” said Hickman.

She said make sure you have a connection with your manager all along your career.

Hickman added that employers shouldn’t just focus on the money, that research finds that 86 percent of Millennials would be loyal to a company, if they had opportunities to create value in their careers.

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