• How is the financial health of the company? If the company is not doing well, this is not the time to ask for a raise. 
  • How is your manager’s workload? If your manager is under a lot of stress or focused on too many things right now, it may not be the time to ask for a raise. 
  • When is the best time of year to ask for a raise? The end of the fiscal year could be an option. Have you successfully completed a significant task or project? This could be a good time to ask for a raise.

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How to Ask for a Raise (with Examples) | Indeed.com

indeed.com

Every job has a market value. 

  • Compare what you’re currently being paid to the trends you find.

  • Consider your education, years of experience, years you’ve worked for your current employer and any specialized skills or attributes you bring to the table. 

  • Make a list of your accomplishments, taking note of which ones added the most value to the organization

  • Identify a salary range or percentage increase in pay that you’d be happy with. 

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Set a meeting

Meet in person and in private. 

You should approach asking for a raise with the same level of seriousness you would have for a job interview or an important presentation, and you should dress accordingly. 

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Before your meeting, you should prepare what you’re going to say to get a raise. 

Recognize that feelings of fear and anxiety are natural when discussing money. Writing and practicing a script is one way to manage those feelings. Focus on the professional rather than personal reasons why you deserve this raise.

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Expect them to ask you follow-up questions, such as inquiring about the details of your recent accomplishments or the salary research you’ve done. There is the possibility that you receive a rejection. Ask questions such as:

  • “Are there skills or accomplishments you’d like to see from me before increasing my compensation?”
  • “Are you satisfied with my performance overall?”
  • “Is there a better time for us to have this conversation in the near future?”

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Regardless of how the conversation went, end by thanking your manager for their time. 

Later that day or the next, send them a follow-up email that recaps your reasons for asking for a raise and includes a summary of the conversation you had.

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