Instantly calculate your new salary, raise amount, and percentage increase. Plan your next career move and negotiate effectively.
Salary Hike Calculator
Q. Is switching jobs always the best way to get a salary hike?
No, not always. While switching jobs may give an immediate hike, frequent company changes over a long period of time may have a bad impact on your resume. The job industry rule says that one should stay in a company for a few years.
Q. What is the first step to get a salary hike while staying in the same company?
The first step is "Being Creative". This means that you do not just have to complete the given work, but also understand what else you can do better for the company. Show your creativity, your style and your expertise which the employer may not even be able to think of right now.
Q. Why is market data important and how to collect it?
You should know the data of what salaries are going on in other companies in the market, similar to your designation and experience. This data will help you negotiate better during the appraisal conversation. You can collect this from friends, online portals and by researching about different companies.
Q. Why is it necessary to understand the appraisal process in your company?
You should understand the appraisal process of your company and know which things are given more attention and weightage according to your job designation. This will help you perform better in those areas and benefit in appraisal.
Q. What should be kept in mind while filling the Performance Appraisal Form?
Don't just write in the form what work you did. Rather, write how the company benefited from your work, what achievement was made. Also, tell your future plans and potential that what more can you do for the company in the coming time.
Q. What does "being grounded" mean and how does it help in increasing the salary?
"Being grounded" means that whatever your salary or position, your behavior should be good with everyone, be it a peon, security guard or housekeeping staff. This shows your humanity and reliability, which increases your liability and your contribution is recognized.
Q. Why is it important to upgrade yourself?
It is very important to keep yourself updated and upgraded with the changing times and office activities. Learning new skills, doing relevant courses or getting certifications makes you preferred and valuable to the employer at all times.
Q. How to take feedback positively?
When you get feedback based on performance, listen to it positively. Even if you do not completely agree, show the intention to listen. If you think the feedback can improve your work, act on it. It makes you a better person and employee.
Q. Should I pay attention to these things only for a salary hike?
No, the video explains that you should not do these things just for a salary hike. Being a good human being is the greatest achievement. When you become a good human being and pursue excellence, salary and success automatically follow you.
Q. What are some tips to upgrade your skills?
To upgrade your skills, you can do new courses required for your job (like distance learning MBA, learning editing, or getting any certification). Always keep yourself updated and relevant.