Four Ways to Ask for a Raise
Asking for a raise can be daunting. Plan ahead by keeping these tips in mind, and you should be on your way to higher pay and more vacation in no time.
By Jonathan Hackman
We’ve all been there; you love your job, but you’d also love a little more money. How do you bring up the issue without offending your boss? Here we list four ways to ask for a raise that are both manager and employee-friendly.
1. Bring it up during your yearly review.
Yearly performance reviews are an ideal time to discuss future plans and goals, so use this opportunity to chat with your boss about your salary. Just make sure to let your manager finish the review before you start talking about money; he or she wants to know that you’re paying attention and engaged in the review process.
2. Volunteer to lead a big project.
One of the most surefire ways to ask for a raise is to head up an important project. It won’t be an instant fix — in other words, you’ll need to wait until the project’s over before you broach the money subject — but you’ll gain visibility, respect and company-wide accolades if you do an outstanding job.
3. Ask for feedback from your boss.
Show that you care about your performance by talking to your boss about what you’re doing well — and what you could do better. If you mention that you’re interested in increasing your responsibilities and eventually your salary, your employer will likely help you forge the path.
4. Be humble.
Nobody likes a braggart. Whether you’ve been with the company for five months or 15 years, try to be humble, diplomatic and gracious in all your business dealings. The ways to ask for a raise are infinitely easier if your boss views you as a positive, valuable member of the team.