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How To Ask For a Raise — And Get It: A Step-by-Step Guide

If you’ve been onerous at work, exceeding expectations, and hitting larger targets, however you continue to haven’t acquired a increase — perhaps it’s time to ask for one.

But if asking for a increase sounds intimidating to you, look no additional than this step-by-step information on how you can ask for a increase for a enhance of confidence to ask in your well-deserved pay improve.

What To Do Before Asking For a Raise

Asking for a increase is nothing out of the extraordinary, particularly if you recognize you’ve been a valued worker at your organization—in reality, solely 37 p.c of employees have requested for a increase earlier than.

However, earlier than requesting a increase, there are some issues it is best to contemplate. These components embrace: how lengthy you’ve been working for the corporate, the corporate monetary state of affairs, and promotion plans, as properly the standard of your efficiency.

When evaluating your causes for a wage increase, think about what you deliver to the group, and collect any suggestions and accomplishments throughout your employment.

 

A design explains how to ask for a raise with steps of what to do before

How To Ask For a Raise

The finest solution to ask for a increase, and improve your probabilities of getting one, is to be ready. If you don’t but really feel assured sufficient to ask for the increase you deserve, comply with our 10 steps and recommendations on how you can ask for a increase at work:

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

Picking the correct time to ask for a increase may help improve your probabilities of getting one. Typically the most effective time to ask for a wage increase is:

  • throughout efficiency evaluations
  • after efficiently finishing a massive challenge
  • upon receiving a cheap quantity of optimistic suggestions
  • when your workload will increase
  • when your supervisor is approachable and freed from stress

Although asking for a increase throughout these occasions is smart, it’s additionally essential to think about different components that would impression your probabilities of getting a increase. Here are some inquiries to ask your self when choosing the most effective time to ask:

  • How is the monetary well being of the corporate? If unwell, then pay will increase may not be possible at the moment.
  • When does the corporate’s fiscal evaluation happen? Usually, employers will make compensation plans after their funds evaluation is full.
  • How heavy is your supervisor’s workload? If the supervisor has to give attention to different issues or is below a lot of stress, it may not be the most effective time to ask.

2. Research Salary Trends

But what’s an acceptable wage increase? To higher perceive how a lot of a wage improve it is best to ask for, take a while to analysis wage traits round your space. Taking a take a look at how a lot different employees in the identical subject are making may assist you to higher perceive your potential pay grade.

If most positions round your space are providing greater than what you’re making, you might use it as leverage when asking for a increase. You may also analysis job openings and evaluate the {qualifications} with your individual place and accomplishments that will help you decide a wage improve that makes essentially the most sense.

See Average U.S. Salaries

3. Make a List of Your Qualifications and Accomplishments

Your {qualifications} and accomplishments may help you construct a higher case as to why you’re asking for a increase. Compile a record of all of your {qualifications}, akin to schooling, certifications, years of expertise, and delicate and onerous abilities. After that, write down a record of all of your accomplishments throughout your employment. Don’t promote your self quick, be particular with numbers, suggestions, and any worth that you just deliver to the corporate.

4. Come Up With a Raise Number

So what’s a cheap increase to ask for? Although employers count on to pay a median 3 p.c increase in 2022, there’s no set quantity of how a lot your wage improve might be.

With that mentioned, being particular with what you’re asking will improve your probabilities of getting a increase. Whether you’ll be asking for a proportion improve or a set quantity, doing all of your analysis on wage traits and gathering your {qualifications} and accomplishments may even assist you to determine how a lot of a increase you deserve.

With the suitable quantity in thoughts and the explanations behind it, you’ll now be able to schedule a assembly along with your supervisor.

5. Schedule a Meeting

The subsequent step is to arrange a assembly along with your supervisor or supervisor. The excellent solution to ask for a increase is in individual—or by means of a video name if working remotely—ideally in personal. To present professionalism, keep away from discussing a potential increase by means of e-mail or in frequent areas within the office.

Whether you’ll be requesting a increase throughout a efficiency assessment or scheduling a separate assembly completely, it’s essential to let your supervisor know of your plans. Here’s how one can method that:

 

 

“I would like to schedule a meeting to discuss my compensation. Can you let me know what day and time work best for you?”

“During our performance review meeting, would you mind if we set apart some time to discuss my compensation?”

6. Get Ready

Once you schedule a assembly, it’s time to prepare for it. Preparing what you’ll say may help you’re feeling extra assured throughout the assembly. Take a while to rehearse your presentation, and collect every little thing you may be presenting to your supervisor.

This will also be a good time to plan solutions to attainable questions your supervisor will ask. Also, prepare for something surprising, such because the assembly having to be minimize quick.

When getting ready for the assembly, contemplate creating and rehearsing a script to make sure you’ve lined your entire factors:

Start With A Good Opener

Start by thanking your supervisor for taking the time to fulfill with you, and clearly state the aim of this assembly. This is the time to say that you just wish to talk about your accomplishments and compensation.

 

“Thanks for taking the time to meet with me today. I have been enjoying my time as a [insert position] for the past [insert number] years, and have been thinking about how much I’ve grown and about my future here at [insert company name]. I’m excited to continue to help the company grow and work toward increasing my responsibilities. Because of that, I would like to discuss my compensation”.

Lay Out The Details

After your supervisor confirms that is a good time to talk and is open to discussing it, you possibly can comply with up with the finer particulars. Talk to them in regards to the wage increase you assume you deserve, with the particular quantity you got here up with, the way you got here up with that quantity, and why you deserve it.

“During my time at [insert company name], I’ve taken on the duty of [insert list of responsibilities]. This led to us attaining key firm targets, akin to [insert goals achived]. Recently, I’ve additionally taken the duty of [insert new responsibilities], which led to [insert measurable results]. I even have acquired optimistic suggestions from [insert team members, departments, or clients], which underscored the worth I deliver to the group.

 

After receiving this suggestions, and revisiting my accomplishments, I used to be inspired to do wage analysis. I carried out my analysis by [insert how the research was perfomed]. Based on related positions with related duties, I established that an [insert annual or monthly] wage improve of [insert dollar amount or percentage] is comparable with my achievements, abilities, and duties”.

Close Your Pitch

After you lay out the small print, end your speech by stating your targets and asking to revisit your compensation.

 

“These points considered, my goal is to continue to be an important asset to this company at [insert company name]. I’d appreciate it if we could revisit my compensation at this time and discuss a reasonable increase for both parties”.

7. Ask For a Raise

At this level, be able to rock your assembly and get the increase you deserve. Remember to reach early and costume appropriately, simply as you’d for a new job interview. Come with an open thoughts and the arrogance of realizing that you just ready a lot for this assembly and have the correct {qualifications}.

8. Expect Questions

Once you lay out all the small print, be able to reply questions out of your supervisor. They may ask about why and the way you selected the quantity for the increase or extra particulars about your accomplishments.

Aside from these questions, your supervisor may also wish to negotiate the increase quantity you’re asking for, so it’s essential to study negotiation techniques and plan to have completely different increase quantities which can be nonetheless cheap for you.

9. Thank Your Manager

At the tip of the assembly, thank your supervisor once more for taking the time to think about your request. After the assembly, ship a follow-up e-mail thanking them for his or her time and spotlight essential points from the assembly, akin to your accomplishments and your request.

10. Be Prepared For A Response

You can count on to not get a solution out of your supervisor straight away. If they are saying “maybe,” you possibly can ask if it could be alright to comply with up and schedule a assembly sooner or later to debate the choice. If they are saying “no,” make sure that to ask the explanations behind their choice and how one can earn a increase sooner or later.

Things To Avoid When Asking For a Raise

Following our 10 steps on how you can ask for a increase can assure larger probabilities of getting one. However, to be sure you get even nearer to incomes a wage increase, there are some issues it is best to keep away from doing.

Focusing on Personal Reasons

Avoid specializing in private causes for why you’re requesting a increase, akin to needing to pay payments or feeling burned out. When asking for a increase, it is best to give attention to what you’ve finished for the corporate and how one can contribute to its progress.

Asking at The Wrong Time

Just like one among our suggestions advised, you must discover the correct time to ask for a increase. Because of that, keep away from asking for a increase throughout a time that the corporate is in a dangerous monetary state of affairs or whenever you haven’t had sufficient notable accomplishments to current.

Coming Up With Wrong Numbers and Accomplishments

Showing your accomplishments with knowledge is essential to color a image of what you’ve got finished for the corporate. However, don’t attempt to make these numbers look larger and higher than they really are, and don’t take the credit score for different individuals’s accomplishments. If you had been a part of a group challenge, you possibly can nonetheless point out the way you’ve helped and what your group achieved due to your enter.

Selling Yourself Short

Asking for a increase is your time to shine and present your employer every little thing you’ve got achieved, so don’t promote your self quick. Try to be assured and particular with what you’re presenting and present how one can be a nice asset to the corporate.

Saying The Wrong Things

You must also watch out with the way you phrase what you wish to say. In addition to practising a script, it’s additionally essential to keep away from saying issues akin to “I need more money” or “I think I deserve.” Saying such issues can hinder your probabilities of getting a increase.

 

A design explains how to ask for a raise with examples of what to say and what not to say.

The Bottom Line

Although 30 p.c of individuals reported they acquired a pay improve earlier than they even needed to ask for a increase, asking for a wage increase remains to be a regular a part of a job. If you imagine you’ve achieved a lot throughout your employment and deserve it, don’t hesitate and comply with our information on how you can ask for a increase.

An infographic goes over tips on how to ask for a raise

Sources: Payscale

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