People are afraid of asking for a raise now more than ever. In fact, the recession is providing a good excuse for employees to not ask for more money, and for companies not to give any. But high performers can and should be compensated.
To get a raise, you first need to be aware of the three contingencies raises are based on:
Past Performance (and the learning curve)
All jobs have learning curves. What took you eight hours a day at the start of your position will slowly taper off until you start to get bored six months in. Good employees realize this and try to shorten the learning curve as quickly as possible by completing stellar and quality work right away.