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Home > Career Corner Volume II, Issue 1 | October 2004

Career Corner

Are you Ready?
ReadyMinds provides customized online career counseling for SCS students

At the University of Richmond School of Continuing Studies, we are constantly seeking ways to improve service to our students. One of the new services we are offering beginning this semester is Career Counseling. Effective October 1, students who are currently admitted to a program (certificate, associates, bachelors, graduate or masters), have a cumulative 2.0 GPA, and have completed 12 hours at the University of Richmond (transfer hours are not eligible, will be able to use ReadyMinds, a customized career counseling tool for students of the School of Continuing Studies.

ReadyMinds is a convenient, dynamic online confidential career counseling program provided to a limited number of students (first come, first serve) at no cost. Students will work one-on-one with a nationally certified counselor via the telephone, focusing on the student’s immediate occupational needs, as well as their long-term career goals. Students can take a career assessment and understand how this assessment may relate to their educational or career plans. Students will also develop concrete approaches to career decision making, and receive resume and interview skills assistance from an experienced career counselor.

To sign up for the program or to receive more information, please click on the following link: http://www.readyminds.com/forms/registration_form.asp?next=Y&SID=105&CODE=RICHMONDCES&option_id=3.

How to get the Raise you Deserve
By Gayle Goddard for Salary Center at monster.com

You know you are worth it, but when it comes to asking for a raise, you get a little weak in the knees -- you and about 70 percent of the rest of the workforce. There are ways, however, to strengthen your pitch.

When Mary was hired as senior vice president of operations by a Boston-area real estate services firm, she was determined to prove her worth -- and when raises were considered in 10 months, to increase her salary substantially. Because her company had no performance guidelines in place, however, proving her worth would be up to her.

She knew she'd implemented valuable cost-saving measures. Having recently hired two people who would answer to her, she also knew she'd be shouldering increased responsibility. And the notes she had routinely taken during the course of her work enabled her to accurately document her achievements.

"You can't expect other people to remember your accomplishments, so you need to keep these things out front," she says.

Because she was responsible for budget, she knew what fellow employees earned. What she didn't know was how their salaries compared outside of the company. That's where the Internet proved invaluable.

"I did a market survey, which was one of the best things I could have done," she says. "I found out that only two salaries at our company were below market and one of them was mine."

Armed with surveys and confident of her value, she negotiated a 30 percent pay raise.

Although 30 percent dwarfs the 3-5 percent that is the current US average, it's still a testament to the power of a well-planned approach, says Brian Veasy, senior career advisor for Bernard Haldane Associates, a career management organization headquartered in New York.

"Don't just go in and ask. Do your homework first," Veasy says.

Start by knowing your job description and the company's compensation policies. Are there minimum/maximums or performance evaluations? Many companies have no tools in place to measure your performance, which leaves it squarely up to you to chronicle your accomplishments. Your self-evaluation should include a general assessment of your strengths - are you the company's best technical person, best rainmaker, best all-around resource?

"Today, more than ever, it's important to take stock of yourself because there's so much change. People get a new boss every year or two," says Dan King, president of Career Planning and Management in Boston. "That means all of the good things you've done probably aren't being recorded or remembered."

Next, research the wealth of information on the Internet. Knowing what other people make and where they make it will give you a leg-up in negotiations. Veasy recommends the Wall Street Journal's www.careers.wsj.com and www.experienceondemand.com, which offer national and regional salary ranges for a wide variety of occupations.

"Once you know where you are and where other people are in terms of compensation, then figure out what you want. It doesn't have to just be salary," Veasy says. "Go for the whole package."

If the company has just had a shaky quarter, consider other items you can negotiate -- incentive compensation, stock options, an extra vacation week, personal days or education benefits. Use them to offset a lower raise offer.

Consider timing when making your pitch. A booming economy and the lowest unemployment rate in 25 years have combined to produce an excellent climate for raise-seekers. But you can bolster your case by making your move when internal factors are favorable. If your company considers raises every January, then that's the time to make your pitch. If you are just coming off a big achievement, however, you can use this to reinforce your value to the company. A company that has just posted big profits may also be more receptive to your request.

Knowing your boss's schedule is important. "You may want to put together a memo saying you want to meet to discuss your accomplishments," King says. "That way you don't risk catching your boss at a bad time."

Understanding your boss's personality also doesn't hurt. A "nice guy" boss may not respond well to a "gangbuster" approach. But if a gangbuster approach is required, figure out what your boss values.

"Some bosses value loyalty, others are by-the-number. For others, how well you get along with others may be important," Veasy says.

For Scott, who was sales director sales for a Boston-area beverage manufacturer, the 12-13 percent raise he negotiated was as much the result of tactful negotiation as it was thorough preparation.

"You have to have reasons why you deserve a raise but they have to be professional and fact-based rather than emotional and threatening," he concludes.

In This Issue...

Announcements
> University Newsletter
> Withdrawal & Audit
> Alternate IDs are Here
> SCS Student Mentors
> Dine with YoUR Prof
> Student Gov't (SGA)
> New SCS Programs

Upcoming Events
> Family Weekend - Oct 22-24
> SGA Social - Oct 26
> Heart Walk - Oct 30
> SCS Book Fair - Nov 5-7
> TeacherLink - Nov 18
> Roast of Dean - Feb 4, '05

Career Corner
> Career Counseling for SCS
> Get the Raise You Deserve

ACE
> Alumni
>
Faculty
> Staff
> Students

SpiderSCS Evening News
Newsletter of the University of Richmond School of Continuing Studies
Volume II, Issue 1
Published Online
© 2004 University of Richmond