Promotions – Now? Really?

Promotions – Now? Really?

With the new year just three days away, this may be the perfect time to ask for a promotion.

Despite layoffs, budget cuts and the present economy, promotions happen. One reason: money.

Since it costs employers approximately $4,500 to recruit a new hire, many prefer to invest in their current staff. (A study shows the best months to ask are January, June and July.) Plus, you probably already deserve it.

Recent Little PINK Book data shows a whopping 85 percent of ambitious women who asked for a raise, perk or promotion in the last year got one. So, what’s stopping the rest of us?

“From early childhood, girls are taught that their…ultimate success is contingent

upon…being polite, soft-spoken and compliant,” says Lois P. Frankel, author of Nice Girls Don’t Get the Corner Office.

She says too few women are speaking up about their accomplishments and what they want – to their own detriment. Many hope the boss will arbitrarily notice the rushed lunches, late nights or extra work around the office.

How do you nab that big promotion? Cautiously.

Experts advise assessing what the company needs and doing it. Second, keep a list of your accomplishments.

Lastly, when you decide to meet with your boss, be positive, assertive and toot your own horn. Be willing to establish a performance-based bonus plan, or (gasp!) take the promotion without the pay. You’ll get the title, the experience and more marketability when the economy is booming again.

Bonus PINK Link: If it’s a raise you’re looking for, here’s how to get it.

Minute Mentor: Turknett Leadership Group’s Susan Hitchcock explains the importance of tone and body language when asking for that raise or promotion.

By Gena Latrell

“Commitment leads to action. Action brings your dream closer.” Marcia Wieder

*Supporting images from FreeDigitalPhotos.net, photostock and jscreationzs.