Unfortunately, you will be underpaid for most of your life. Still, it is frustrating when you’ve been with a company for a long time and you’re not getting a raise. This article covers why you haven’t and what to do about it…
6 Reasons You’re Not Getting a Raise
Believe it or not, not being paid more has little to nothing to do with your job performance.
Don’t get me wrong. I hope you are doing your job to the best of your ability. But that aside, there are only six possible reasons you’re not getting the paycheck you deserve.
Frankly, it is easier and less risky to become a millionaire as an employee than it is as an owner. As long as the company is profitable, the opportunity is there.
YOU JUST NEED TO KNOW HOW TO MARKET AND POSITION YOURSELF TO MAKE IT HAPPEN.
So, check out this list before you hit the wanted ads looking for a bigger payout…
You Haven’t Asked!
The first question to ask yourself about why you’re not getting a raise is simple…
HAVE YOU ASKED FOR ONE?
Fulfilling the requirements of your role is not enough to get noticed or paid. You must be outspoken about what you want in life — or you won’t get it.
In this case, you gotta be the squeaky wheel. The rest of these points will give you insight into how to have that conversation.
Lack of Confidence
You may or may not be fully cognizant of this reason. Regardless, it affects whether you are getting a raise or not…
YOU ARE NOT SURE YOU CAN HANDLE THE EXTRA RESPONSIBILITY THAT COMES WITH AN INCREASED SALARY.
You can solve this problem with further training or skills. Or, you need to sell yourself on what value you bring to the organization.
Either way, you have to step outside your comfort zone — and perspective…
Only Have an “Employee” Viewpoint
What is an employee mindset and why is it limiting your income?
When I use that term, I am referring to someone who comes in, does the bare minimum, and offers nothing more than that.
Even if you are good at what you do, that will keep you pigeon-holed as just a worker. You haven’t displayed how you can solve problems or go above and beyond.
If this sounds like you, would you give yourself a raise as a business owner? Probably not.
Keep this in mind, as we discuss the next reason.
Don’t Know Where You Fit in the Big Picture
To a greater or lesser extent, every role in an organization contributes to its revenue.
Sometimes, people who are not directly involved in touching the finances lose sight of their value to the business.
The easiest solution to this is to collect stats and data that show what you bring to the table. I guarantee that this will bolster your chances of getting a raise in the future.
You’re Not Getting a Raise Cuz You’re NEGATIVE!
At my company, there are certain red flags that we take note of….
Gossipers…
Complainers…
Those resistant to feedback…
In short, anyone who is negative.
We treat negativity like the plague. In the best-case scenario, you won’t get a raise. However, it’s more than likely, that you’ll get the axe with that frame of mind.
This shift costs nothing and can get you everything in life and more.
Your Relationships are WEAK
Like it or not, people are more likely to help people they know and like.
This means coming out of your shell more to create relationships with your boss and team members.
I DO NOT MEAN SMALL TALK, BY THE WAY.
You want to establish that you can be trusted, are reliable, and easy to work with.
All of the bullet points on this will assist you in getting a raise. However, I want to leave you with one more piece of advice…
Bonus Tip On Getting a Raise
At this point, you can see that getting a raise depends on becoming an asset. If you really want to take that to a whole other level, I’m going to lay this hack on you…
KNOW HOW EVERY DEPARTMENT IN THE COMPANY WORKS INSIDE AND OUT.
Think about it this way…
When you are the go-to guy or gal for everyone in the business…
When everybody has nothing but good experiences with you…
Those in charge will have zero arguments as to why they can’t pay you more. After all, you have become irreplaceable.
Then, you can name your price.
Be Great and an Asset,
Grant Cardone
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