Tips For Asking For A Promotion In A Small Business

You were excited to get your current job, but you also have ambitions that go beyond that job. Once you have decided where you want to go next, the right timing and preparation are the keys to getting the promotion you deserve. As you can imagine, a promotion will help you serve the company better and increase your financial earnings. Of course, requests such as a promotion should be treated carefully and addressed with your manager.

Assessment

The first step in asking for a promotion is an honest self-assessment. Look at your current job performance. Do you do only what is required of you, or do you take opportunities to assist with additional projects? Have you taken the initiative to mentor or train another person on the team? Have you increased profits, and if so, by how much? Make a list of your achievements since you started your current job that exceed what you were originally hired to do. Also, take a good look at your employee performance evaluations. If you cannot convince yourself that you deserve a promotion, you will probably not be able to convince anyone else.

Timing

Your annual review is a natural time to discuss the possibility of promotion, but if your review is not coming up soon, there is no need to wait. It is not, however, something to discuss casually around the water cooler. Request a meeting with your supervisor to discuss your progress and future. He or she will probably appreciate the advance notice of the meeting’s purpose. Additionally, they can take the time to open up opportunities that are just around the corner for your role.

Preparation

Before the meeting with your supervisor, prepare a formal presentation. You do not need to put together a slide show, but plan what you are going to say. Update your resume to reflect your current position and all the accomplishments you listed in the assessment process. This also gives you a fresh resume to submit to finance recruiters in San Francisco, just in case your boss indicates that a promotion within the company is unlikely.

Help Your Company

When asking for a raise, it should be a win-win situation. Most people get caught up thinking about themselves. You have a job because you help your company reach goals and get results. Use this meeting to explain how you can help your company more or become a top manager. Will you provide more sales, increase productivity or take on new responsibilities? If you are able to communicate the benefits to the business, you are much more likely to get what you want. Explain your raise in terms of how it helps your company get to where they want to go.

If you want a specific position, make sure you highlight it, but be open to feedback from your supervisor/finance recruiters, who may know of other opportunities on the horizon that fit your skills better. By going into a meeting prepared, you have a very good chance of receiving a raise from management. The respect you show in this process can work wonders for your future at the company.

Image from https://www.fnlondon.com/articles/six-steps-to-asking-for-promotion-20160923

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