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15 Oct 09 Get A Raise During A Recession

Getting a raise in a recession is not easy, but can be accomplished.  Even if your company is cutting jobs, and looking for new ways to save money, you can still find a way to get a raise.  Or even a promotion, if the situation warrants such a thing.  The road is especially difficult, but nothing is impossible if you play your cards right.  Just be careful in how you approach the situation, or else you could find yourself on the money saving chopping block.

First off, ensure that you know the situation.  If your company is basically on fire and jobs are falling left and right, and not even your boss seems to be safe, probably not the best place for a raise.  But if things seem fairly comfortable, with a few worries here and there, you could have a good shot.  Just make sure you don’t paint a target on your back by asking for more than the company will think you deserve.

Asses your worth to the company before asking for a raise.  If you find people have been laid off or fired in your department, but you have survived the scrutiny, there has to be a reason for that.  Asses your accomplishments and your skill set, so that you can see why the company values you.  This will give you good groundwork to make use of in an argument for why you deserve a raise.

Finally, using your track record as a resource, go in and ask for a raise with your previous accomplishments as your foundation.  Be prepared to get rejected, after all it’s recession, and this is more of a long shot than anything else.  But be courteous and stay positive, and illustrate this isn’t a deal breaker for you, as to whether or not you’ll stay with the company.  You’d just like a raise or a promotion for your continuing efforts in helping the team strive for success.  Make that point evident, and you’ll be fine.

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