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How To Ask For a Raise — And Get It

How To Ask For a Raise — And Get It

It might be time to ask for a raise if you’ve been working hard, going above and above, and achieving higher goals without receiving one.

To gain the confidence to request your well-deserved pay increase, but, if asking for a raise sounds frightening to you, go no further than this step-by-step tutorial on how to ask for a raise.

What to do before to requesting a raise

Asking for a raise is nothing unusual, especially if you are aware of your importance to your organisation. In fact, just 37% of employees have ever requested a raise.

There are several things you should think about before asking for a raise, though. These considerations include your tenure with the organisation, its financial health, its ambitions for promotion, and the calibre of your work.

Consider your contributions to the team while considering your case for a pay increase. Also, gather any comments and achievements made while you were working there.

How to Request a Promotion

Being ready is the greatest approach to ask for a raise and improve your chances of getting one. Follow these 10 guidelines to ask for a raise at work if you don’t yet feel ready or secure enough to do so:

1. Figure Out The Best Time To Ask For a Raise

Your chances of receiving a raise can be improved by timing your request. Generally speaking, the ideal moment to request a pay increase is:

  • during performance reviews
  • after successfully completing a large project
  • upon receiving a reasonable amount of positive feedback
  • when your workload increases
  • when your manager is approachable and free of stress
  • How is the company’s financial situation? Pay increases may not be possible at this moment if you’re sick.
  • When is the company’s financial evaluation conducted? Employers typically create compensation plans following the conclusion of their budget evaluation.
  • How much work does your manager have to do? It might not be the greatest time to inquire if the manager must concentrate on other tasks or is under a lot of stress.

2. Research Salary Trends

But what constitutes a reasonable pay increase? Spend some time looking into local compensation patterns to have a better idea of how much of a raise you should request. You might gain a better understanding of your possible pay grade by looking at what other employees in the same field are earning.

You might use it as leverage when requesting a raise if most positions in your area pay more than you do. To find the pay raise that makes the most sense, you can also look into job openings and contrast the requirements with your current position and achievements.

Check out Average U.S. Salaries.

3. Make a List of Your Qualifications and Accomplishments

Your credentials and successes might help you make a stronger argument for why you deserve a raise. Make a list of all your credentials, including your schooling, licences, years of work, and hard and soft abilities. After that, make a list of everything you accomplished while working. Don’t undersell yourself; be explicit with data, customer feedback, and any value you can add to the business.

4.Come Up With a Raise Number

So what is a fair raise to demand? Although employers anticipate giving employees a 3 percent raise on average in 2022, there is no cap on how much your compensation can rise.

Having said that, being explicit in your request will improve your chances of success. You can determine how much of a raise you deserve by researching income trends, compiling your qualifications, and deciding whether to ask for a percentage rise or a fixed amount.

You’ll be prepared to organise a meeting with your manager once you’ve determined the right amount and the justifications behind it.

5.Schedule a Meeting

Setting up a meeting with your manager or supervisor is the next step. The best way to request a raise is in person, preferably in private, or over video call if you work remotely. Avoid discussing a potential increase via email or in public spaces at work to uphold professionalism.

It’s crucial to let your boss know your plans, regardless of whether you’ll be asking for a raise during a performance review or setting up a different meeting entirely. Here’s a strategy for doing that:

“I’d like to arrange a meeting to talk about my pay. Please let me know which day and hour are most convenient for you.”

“Would you mind if we set aside some time during our performance review meeting to discuss my compensation?”

6.Get Ready

It’s time to prepare for the meeting once you’ve scheduled it. You may feel more assured throughout the meeting if you have prepared what you will say. Spend some time practising your presentation and gathering the materials you’ll be giving your manager.

Planning your responses to any queries from your manager at this time can also be beneficial. Additionally, be prepared for any unanticipated events, such as the need to end the meeting early.

Start With A Good Opener

Begin by expressing gratitude to your manager for scheduling this meeting with you and outlining its main objectives. This is the time to say that you’d like to talk about your achievements and pay.

“I appreciate you coming to see me today. The past [insert number] of years have been enjoyable for me in my current role as [insert position], and I’ve been reflecting on how much I’ve learned and how I see my future at [insert company name]. I’m eager to assist the business develop further and to take on more responsibility. Due to this, I want to talk about my compensation “.

Lay Out The Details

You can follow up with the finer specifics after your manager affirms that this is a good time to chat and is open to discussing it. Talk to them about the pay increase you believe you deserve, including the precise amount you determined, how you determined that amount, and why you believe you deserve it.

“I’ve been working at [insert firm name] for the past [insert list of responsibilities]. As a result, we were able to accomplish important company goals like [insert goals achieved]. I recently took on [insert new tasks], which resulted in [enter quantifiable results]. Additionally, I’ve had praise from [insert team members, departments, or clients] that has further demonstrated the value I contribute to the group.

After hearing this feedback and going through my accomplishments again, I was inspired to look into salaries. [Insert how the research was carried out] is how I did my study. I determined that a [insert yearly or monthly] compensation rise of [insert dollar amount or percentage] is comparable with my accomplishments, skills, and responsibilities based on similar employment with similar duties “.

6. Close Your Pitch

After giving the specifics, ask for a review of your remuneration and state your aims to close your speech.

“Taking these things into account, my aim is to keep contributing significantly to [insert firm name] as a whole. I would love it if we could review my pay at this time and talk about a fair raise for both of us “.

7. Ask For a Raise

Be prepared to kill your meeting at this point and secure the increase you merit. Just as you would for a job interview, be sure to be on time and dress accordingly. Bring an open mind and the assurance that you have the required experience and preparation for this meeting.

8. Expect Questions

When you’ve covered everything, be prepared to respond to queries from your manager. They might inquire as to why and how you arrived at the raise amount, as well as for further information regarding your achievements.

It’s crucial to master negotiating techniques and prepare to ask for multiple raise amounts that are still appropriate for you because, in addition to these queries, your manager might want to discuss the amount of the rise you’re asking for.

9.Thank Your Manager

Thank your manager once more for considering your request at the conclusion of the meeting. Send a follow-up email to them after the meeting to thank them for their time and to summarise key discussions, such as your achievements and your request.

10. Be Prepared For A Response

You should anticipate that your manager won’t respond straight away. If they respond “maybe,” you might inquire if it’s okay to follow up and arrange a meeting to go over the choice. Ask the reasons for their choice and how you can get a raise in the future if they respond “no.”

Things To Avoid When Asking For a Raise

The likelihood of receiving a raise can be increased by using our 10 step process. There are several things you should refrain from doing in order to increase your chances of getting a pay raise.

Putting Personal Reasons First

Don’t concentrate on your personal motivations for asking for a raise, such as the need to pay bills or a sense of burnout. You should emphasise your contributions to the company and how you might aid in its expansion when requesting a raise.

Asking at The Wrong Time

You must choose the ideal moment to request a raise, just like one of our suggestions advised. As a result, you should refrain from asking for a raise when the business is struggling financially or when you don’t have a strong enough resume to back up your request.

Coming Up With Wrong Numbers and Accomplishments

It is crucial to illustrate your achievements with numbers in order to provide the employer a clear image of what you have accomplished. However, don’t try to embellish those figures or claim credit for other people’s successes by making them appear bigger and better than they truly are. You can still discuss how you contributed and what your team accomplished as a result of your efforts if the project was a team effort.

Selling Yourself Short

Don’t undersell yourself when you ask for a raise because this is your chance to shine and demonstrate to your employer all that you have accomplished. Try to be assured and specific in your presentation, and highlight how you can be a valuable contributor to the business.

Saying The Wrong Things

Additionally, pay attention to how you phrase what you want to express. It’s crucial to avoid stating words like “I need more money” or “I think I deserve” in addition to practising a script. Saying such things may reduce your opportunity to receive a raise.

The Bottom Line

Asking for a wage raise is still a typical component of a job, even if 30% of respondents said they received one without even having to ask. Follow our advice on how to ask for a raise if you feel you’ve worked hard and earned it during your time at work.

Read more : Why Employers Are Now Sharing Salaries