How to Ask for a Raise and Get It
How to ask for a raise and get it by knowing when and how to approach your boss.
By Jonathan Hackman
Most people would admit that they’d love their jobs a little bit more if they received a higher amount of pay, but often feel intimidated by the conversation that has to occur in order for that to happen. Therefore, you might want to learn how to ask for a raise and get it.
The Right Timing
People are serious when they emphasize the importance of timing. For example, if your boss has just announced a number of layoffs in the company, now is not the right time. You might want to wait until annual raises are given, and then you can ask if a salary raise is possible.
Have Your Reasons
If you have been at the company for a very long time, that might be reason enough to ask for a raise. However, bosses really want to see that you are a dedicated employee who knows where his or her strengths lie. You want to explain to your boss why you believe that you deserve a raise in an articulate and proper manner. It’s best to be extremely prepared for this part of the conversation. Back up your reasons with evidence of your performance and how you are valuable to the company.
Expressing Your Reasons
Asking for a raise means that you need to be polite and non-accusatory. If you start going on about how much you have given up to work at this position, your boss will not be inclined toward giving you a raise. Instead, focus on carefully explaining two or three main points and really listening to the response from your boss. Be clear about the future you envision for the company and how you fit in to that. Make sure to express appreciation for the opportunities your current position has given you.
Do Your Research
Research what competing companies offer their employees. Know your market value at these other companies, and come in with a clear idea of what you’re asking for. You should be ready to negotiate not only salary, but also benefit specifics.
Taking initiative and asking for a raise is an important part of moving up within a company. With these tips, you should know how to ask for a raise and get it.