Asking for a Bonus
November 18, 2008
When the time comes for you to ask for a bonus, you must not think that it will come to you without effort. There are certain things you should do during your negotiation for a bonus. You can get some ideas here.
No assumptions
Money will not come to you suddenly just for the fact that you asked for it. It takes serious planning and smartness to get it. Your employer is always analyzing his expenditure to see the prospects of the business. The revenue targets must be met before bonuses are considered for employees.
You must achieve more
Because your employer is not a Father Christmas, the bonus you get is attached to certain performance conditions. Most companies now use what is called the compensation bonus system. You are told right from the go that, if you achieve a certain target, you will get this amount as bonus. This is done to drive employees to put in more effort. So you ask for the bonus by achieving more.
Be sure of what you are doing
You must know that asking for a bonus is not easy. You should be able to put all the odds at your side to be able to succeed. You must prove that you have done what it takes for a bonus, not just meeting deadlines. The boss wants to see documented proof of what you did extra, not just a verbal presentation.
Timing
This is very important. You don’t go asking for a bonus every time. There is a time to ask for it and you must do it at that time to get it. You must make a one-time demand, if you repeat the demand you may lose. You don’t ask for a bonus when you know that the company is not doing well at the exchange.
The mood of the boss is very important. Ask for a bonus when he is happy. There are certain seasons like Christmas when it is just normal to ask for a bonus.
The amount
You must not go too much beyond the range you usually get. If you get 3,000 and you asked for four or five it provides room for a reasonable adjustment. Five percent of your salary is reasonable demand.
One important thing is that you don’t ask you might not get it.
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