Asking for a raise can be a nerve-wracking experience, but it's important to remember that it's a normal part of the professional process.
Before you ask for a raise, it's important to be prepared and to have a clear idea of what you want to say and what you want to achieve.
Some Key Points to Consider When Asking for a Raise
Research and Prepare
Before you ask for a raise, research the industry standards and the average salaries for your role. This will give you a better idea of what you should be earning and will help you make a more convincing case.
As referenced in Paulette Perhach's article, "How to Ask for a Raise, Without Alienating Your Boss Along the Way," Glassdoor and PayScale are two great resources to use for researching and building your position.
Preparation also includes you revisiting all of your accomplishments throughout the year. Reference previous projects or self-evaluations you've completed.
If your company happens to utilize a continuous performance review tool like WorkStory, be sure to pull out some of the best feedback you've received from your coworkers as well.
Timing is Everything
Choose the right time to ask for a raise. Timing is everything and it's important to pick a time when your manager is most likely to be receptive to your request.
This could be after a successful project or when the company is doing well financially.
Be Specific With Your Ask
Be specific about why you believe you deserve a raise. Provide specific examples of your achievements and how they have benefited the company.
Perhach also mentions Daniel Pink's views on "fairness" when comparing one's own compensation to others in the marketplace and how you can use this for evidence as well as ammunition for your manager to bring to other decision-makers.
Be Prepared to Negotiate
Be prepared to negotiate and be flexible. It's important to have a clear idea of what you want, but you should also be prepared to compromise - to a degree.
Follow Up
If your manager doesn't give you an answer right away, be sure to follow up. This shows that you're serious about your request and that you're willing to continue to fight for what you believe in.
Raises Effect Your Future
Asking for a raise is not just about the money, it's also an opportunity to take control of your career and advocate for your own growth and development.
By preparing yourself with research, being specific about your achievements and their impact, and approaching the conversation with confidence, you can show your manager that you are invested in your own career and the success of the company. Remember, a raise is not just about the current moment, but it's also about setting yourself up for future opportunities and growth.
So don't be afraid to ask and be persistent!
