So you think it is time for you to make more money at your job, but we live in hard economic times.  How will your boss cough up more money to you?  You have looked online and you know you aren’t getting paid what you are worth, but how can you make more money?  Well, here are five tips on getting those purse strings loosened up.

Keep track of every one of your accomplishments, strengths, and successes in your current position.  Market yourself.  Give your boss the reasons he needs to see that you are asset to the company.

Know the amount of money people are making in your area and what the appropriate raise would be to someone in your position.  Take into consideration how many people work directly under your supervision and what concessions you are willing to make in regards to responsibilities.

Timing is everything.  Remember when you were a kid and you wanted to borrow the car?  The same thing still applies.  Pick the right time of day, make sure your boss is in the right mood, and make sure the company hasn’t just been hit with a huge setback such as losing a major client.

Ask for more money than you want.   It is likely that your boss will try and give you less money than you want, so ask for more than you expect.  The typical amount of money to ask for is between 5% and 10% more than you would like to get.  Still, be realistic of the amount you are asking for.  Your company isn’t likely to give you a $20,000 raise if you are currently making $30,000.

If you get turned down for the raise, have a plan.  Do not fly off the handle – especially at work.  Accept the decision gracefully and gather your thoughts for the future.  If you give an ultimatum to your boss be prepared to follow through with your claim.

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