Learn more about moneyandinvestments with this collection
How to close the deal
How to handle objections
How to present your value to your employer
... is a recognition that youâre now contributing at a higher level than when your salary was last set.Â
A raise isnât a favor or a gift; itâs a way for employers to pay fair market value for your work and to keep you around because otherwise youâre eventually going to want to find a different job that does pay you competitively.
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4.57K reads
Itâs not greedy or entitled to ask for a raise. Unless you work somewhere truly dysfunctional, itâs understood that you work for money. This is okay.
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2.23K reads
You shouldnât ask to talk about your salary when your manager is especially harried or having a bad day or nervous about impending budget cuts.Â
On the other hand, if youâve just saved the day with an important client or garnered rave reviews for a high-profile project, or if your boss has seemed particularly pleased with you lately, now might be a particularly good time to make the request.
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For most people, expect to wait a year from the last time your salary was set before asking for it to be reassessed.
The âexcellent workâ part of this really matters. If your boss hasnât seemed pleased with your work, a request for a raise isnât likely to go over well.
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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.Â
If you wait until decisions on raises have already been made, it might be too late to get changes made.
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Find out what the market rate for your work in your geographic area is before you ask for more money.Â
Figuring out the market rate for your work isnât always straightforward. Salary websites arenât always accurate at the individual level but can give you a very rough range.
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You can often get surprisingly good data just by talking to people in your field.Â
Most people donât love being asked, âWhat do you earn?â but will happily share if you ask, âWhat would you expect a job like X at a company like Y to pay?â You can also try talking to recruiters and see if any professional organizations in your field keep salary data (many do).
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Some employers adhere to rigid policies around how large a pay increase anyone can get at one time.Â
Itâs useful to know how your company generally handles raises so that you know whatâs likely to be possible.
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Touch on why you think youâve earned a raise â i.e., that your responsibilities and/or the level of your contributions have increased.Â
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 your most significant new responsibilities or accomplishments.
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... 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 shouldnât be part of your case to your boss.Â
Your case should stick to business reasons â the contributions youâve made and your value to your employer.
364
895 reads
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