How to Ask for a Raise - Deepstash

Bite‑sized knowledge

to upgrade

your career

Ideas from books, articles & podcasts.

published 11 ideas

How to Ask for a Raise

thecut.com

A raise

... is a recognition that you’re now contributing at a higher level than when your salary was last set. 

A raise isn’t a favor or a gift; it’s a way for employers to pay fair market value for your work and to keep you around because otherwise you’re eventually going to want to find a differ...

25

STASHED IN:

216

It’s not greedy or entitled to ask for a raise.  Unless you work somewhere truly dysfunctional, it’s understood that you work for money. This is okay.

Even if your manager does...

14

STASHED IN:

207

You shouldn’t ask to talk about your salary when your manager is especially harried or having a bad day or nervous about impending budget cuts. 

On the other hand, if you’ve just saved the day with an important client or garnered rave reviews for a high-profile pro...

14

STASHED IN:

190

Doing excellent work for a year

For most people, expect to wait a year from the last time your salary was set before asking for it to be reassessed.

The “excellent work” part of this really matters. If your boss hasn’t seemed pleased with your work, a request for a r...

11

STASHED IN:

190

If you work for a company that generally gives raises once a year, pay attention to when that normally happens and plan to initiate the conversation with your boss at least a month or two before that formal process begins. 

If you w...

10

STASHED IN:

195

Know what your work is worth

Find out what the market rate for your work in your geographic area is before you ask for more money. 

Figuring out the market rate for your work isn’t always straightforward. Salary websites a...

9

STASHED IN:

200

You can often get surprisingly good data just by talking to people in your field. 

Most people don’t love being asked, “What do you earn?” but will happily share if you ask, “What would you expect a job like X at a company like Y to pay?” You can also try talking to recruiters and se...

8

STASHED IN:

173

Some employers adhere to rigid policies around how large a pay increase anyone can get at one time. 

It’s useful to know how your company generally handles raises so that you know what’s likely to be possible.

8

STASHED IN:

175

Touch on why you think you’ve earned a raise — i.e., that your responsibilities and/or the level of your contributions have increased. 

If you know your boss will need to get your raise approved by someone above her, you can leave a short, bulleted list of key points of...

9

STASHED IN:

203

Focus on your work accomplishments

... not your finances.

You might be asking for a raise because your rent went up or you want to save more for retirement, but that shouldn’t be part of your case to your boss. 

Your case should stick to business reasons — the co...

12

STASHED IN:

178

  • If you get a “maybe,” make sure you’re clear on what next steps are. It’s okay to say something like, “Could I plan to check back with you when we meet on the 20th?” 
  • If the answer is no,  this is a perfect opportunity to ask, “Can you tell me what you think it w...

12

STASHED IN:

208

0 Comments

Discover and save more ideas by creating a

FREE

Deepstash account.

Develop a

reading habit

, save

time

and create an amazing

knowledge library

.

GET THE APP: