How to ask for a raise

Asking for a pay raise can be intimidating. FOX 4 consumer reporter Steve Noviello is here to help you work up the courage. He gets tips from author and negotiator Linda Swindling on how to approach the topic.

1. Be prepared to hear no. Sometimes bosses need to think about a new idea. You have been thinking for several months, but your request is new to them.

2. Know your strategy if you are turned down. Think about what to say next. You might say, "I appreciate your point of view or the financial state of the company right now. What do I need to do to earn consideration for a raise or promotion in the future?"

3. Assess what you bring to the organization. Showing up and doing your job is expected. Evaluate how you ADD to the organization.

4. Look forward. Help your boss see the value you can add in the future. Give information to help your boss "sell" increasing your pay to his or her boss.

5. Be prepare, take a deep breath and ASK. Don't stop yourself because you think you might be turned down. Your boss may think you're content with the money you're making. You have to let him or her know you want more.