I operate the entire business. I am actually the general manager of the business. I have the credentials, meaning that every course needed to be in this position, I have. I relocated for this position. i am in no way benefiting from being here. I love where I work, the only thing that is keeping me here is the opportunity. I am falling behind on bills, I cannot catch up, this to me should not be the case. So DO I go to my employer and show him/her my bills, car payment, food expenses, mortage, maintenece, what DO I do. I do not want to go beck where I came from, but I am not benefiting from being here. $30,000 is not a lot when I only bring home maybe $800.00 every two weeks. Car payment is $485.00, mortage is $495.00, $300.00 debt consolidation, not to mention food, car maintence, bills, WHAT DO I DO? Please think I f this was you what whould you do......
2007-03-05 02:05:38 · 7 answers · asked by Jerry D 1 in Business & Finance ➔ Credit
Your employer doesn't care about your expenses. The only thing your employer does and should care about is the value that you add to the business.
So the only effective way to ask for a raise is to demonstrate that your value exceeds your compensation. It's as simple as that.
You have to see it from your employer's point of view, not from yours. I know that's difficult, but it's the only way. Forget about your bills and your personal stress. Walk into your boss's office determined to show why you're worth much more than your current salary.
Good luck!
Here's a great article that may help...
2007-03-05 03:30:12 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Here's what I did at the beginning of my career, in an industry that demanded 2 years of experienced written on your birth certificate. Once I landed a job and got a year's experience, I stayed employed, did my best work, and went looking for competing offers from similar, competitive employers nearby. I deliberately planned to play off one employer against other potential employers. I negotiated at lunch or after hours, gave away no competitive secrets so that the competitive company would see that I was ethical, and named a salary 30% - 50% higher than what I was making. Then I added $5,000 more so that mandatory HR procedures would knock the salary down 5,000 to the top of my real level. The more people I knew at the competitor, the higher the salary I looked for. I worked next to the competitor's employees at the same client site, and they saw my work, and became my best advocates. Make yourself known: two ways are to publish articles and give talks among your colleagues/competitors at industry group meetings. Eventually, the manager of the competitor's employees took me to lunch, named no figure, and I asked him what he could do. Within a month, he made a hard offer that was 44% above what I was making. I stayed put until he bumped it up another $1,500. I put the revised written offer in front of my current employer, who matched it in 30 minutes. I left for the competitor because it was a better working environment.
The brutal truth: you won't get more than a 10% raise at your own company, UNLESS you create from scratch and close the sales that win the company new business (and you better have this perk in writing BEFORE you go out and win the business). And the only way you'll get all 10% is to demonstrate your outstanding value, point by point, to your employer (you'll need to write it down, so s/he can take it to the VP for a special ok of the full 10% raise). Telling your employer that you need more money will get you one thing: compassion, but no cash. If you can't move around in the industry, consider a second job.
In your case, since you "operate the entire business", (1) you'll get the true value to the company when you demonstrate you're ready to leave and relieve them of their asset (they'll play chicken and offer you much closer to what you're worth to them) and (2) you'll never be promoted unless you find and train a successor who's as good as you are - you're indispensible right where you are.
If you do stay with your company after a big raise, be sensitive to others' resentment and envy of your negotiating power.
2007-03-05 10:50:19 · answer #2 · answered by VT 5 · 0⤊ 0⤋
If you relocated to take this position, you had to know what the compensation was before you made your decision. I would present your case to your boss and hope for the best, but don't expect them to be very understanding since you knew up front what you were going to be paid.
Once in my life I had the same problem, I went to my boss and explained to him that I did not realize how much the taxes were going to be or the cost of living. Since I had moved from the Midwest to the Northeast, he understood and gave me a raise.
2007-03-05 10:16:45 · answer #3 · answered by ? 7 · 0⤊ 0⤋
Now don't show him you bill, that will just make you look very stupid. Who need to know your business. Just ask for a raise and say you can't keep up with the cost of living and start looking for other jobs with management opportunity.
2007-03-05 10:36:22 · answer #4 · answered by paris2539 1 · 0⤊ 0⤋
Salary rises dont just come to you! U have to demand them!
If the employer really needs you,(which I am sure is the case here...200%), he will definitely increase your pay.
It's the only way to get a rise! You can't sit back and think he'll know your needs..He's just not doing anything about it becoz he thinks you're happy with what you get..
What-you-ask-is-what-you-get!
Go, get up, MOVE IT!!
2007-03-05 10:16:57 · answer #5 · answered by pulverizer 2 · 0⤊ 0⤋
Our earnings will always be proportional to our expenses. Its the purchasing power thats not helping us save spend wisely.
I wish you all the best
2007-03-05 11:47:42 · answer #6 · answered by polished 1 · 0⤊ 0⤋
Wow--I barely make $12,000 a year (and that's with overtime) and my mortgage is over $700 a month....want to trade?
2007-03-05 10:16:10 · answer #7 · answered by beetlejuice49423 5 · 0⤊ 1⤋