Pay Raise Question:
Why should you practice good timing for pay raise?
Answer:
Timing is also key. There are natural times to discuss compensation, such as when you are first negotiating joining the firm. If you feel you have strong data to support that you are under compensated, letting your manager know the data before the end of year budgeting process is a good idea. You should also take the long view, if you are not properly compensated today, talk with your manager about what expectations you should have about your future outlook for compensation changes, and what you would have to do in terms of increased responsibilities or other actions to be more in line for growth in your compensation. Planning for career growth goes hand in hand. The easiest way to get a bigger paycheck is to earn a bigger job.
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