How do you know when is the right time to ask for a salary raise? Most individuals who are in a job for a while do not know whether to ask for a hike or not. Some people, especially women tend to hesitate when it comes to salary negotiation.
If they have to ask for a raise, employees are not sure how much to ask for or the appropriate figure to quote. This infographic provides guidelines about asking for a raise in the form of a flow chart.
When you have another job offer, it is definitely best and safe time to ask for a hike. If you are a top performer and feel that you should get more for your efforts, then just go for it. If you have mastered new skills and your responsibilities have grown, then you should discuss about the raise.
In case you are not the best performer or did not acquire new skills, then you should probably wait till you gain new experience or education before asking for an increase.