deepstash
Beta
8 Managers Share The Best Way To Ask For A Raise (And Get It)
Practice your pitch conversations
... in which you are asking for something almost always go better if you've rehearsed in advance and have considered the many possible responses that you'll get to each of your requests, and how you'll address these responses.
76 SAVES
This is a professional note extracted from an online article.
Read more efficiently
Save what inspires you
Remember anything
IDEA EXTRACTED FROM:
8
Key Ideas
Take on more responsibility
The only way to effectively do this is through careful time management. Understand the core strategy of your organization, ask lots of hard questions and align your priorities with that of the company.
Proactively communicate wins
Consistently exceed expectations in terms of your current role and job responsibilities. Take on more than expected, and manage these projects as well as your more senior colleagues.
Share your accomplishments early and often.
Demonstrate your accomplishments
- Demonstrate that you have taken on additional responsibilities and provide specific details about your accomplishments.
- Share examples of projects you have completed and how they’ve positively impacted the business. Was there an increase in revenue? Did you save a customer?
- If you’ve received positive feedback from colleagues or other leaders regarding your work, be prepared to share that with your manager as well.
- Identify ways you’ve earned money for the company, for example through sales, upsells or creating efficiencies.
Focus on why you deserve it
Not why you need it.
Everyone would like to make more money, but don’t bring up personal reasons like your rent increasing, needing to plan an expensive birthday party for your dog or your vacation to Hawaii.
Stick to discussing your performance and impact.
Practice your pitch conversations
... in which you are asking for something almost always go better if you've rehearsed in advance and have considered the many possible responses that you'll get to each of your requests, and how you'll address these responses.
Do your research
Conduct background research to determine your market value.
Study salary trends for professionals in your geographic area and industry with similar job titles, qualifications, and responsibilities to find out the market rate for your role or intended one.Talk about the future
Show you’re invested in the company.
Volunteer for a project or create one by being a proactive problem-solver. When leveraging a project to get a raise, explain the new responsibilities you’d like to take on and how it will help the company grow and generate more money.
Be prepared to hear no
If a raise and promotion isn’t going to happen right now, ask for things beyond salary such as professional development opportunities or more vacation time.
SIMILAR ARTICLES & IDEAS:
11
Key Ideas
A raise
A raise isn’t a favor or a gift; it’s a way for employers to pay fair market valu...
It’s normal to ask
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.
- you’re not asking for an amount that’s wildly out of sync with the market for your work, and
- you have a track record of strong work.
Be emotionally intelligent about your timing
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 project, or if your boss has seemed particularly pleased with you lately, now might be a particularly good time to make the request.
8 more ideas
6
Key Ideas
The right time to ask
- 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 manag...
Get salary trends
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.
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.
3 more ideas
4
Key Ideas
Defining your career
If you focus exclusively on improving your skills and your impact on your organiz...
Treat your manager as a coach
A good manager’s job is to help you and the rest of your team get better results. So it would be logical that she should be invested in your career. When you do better, then by extension, she does better.
Hence, your manager should be on your side, who wants you to succeed, and who is willing to spend a good deal of time and energy to help you do that.
See yourself succeeding
There is research that shows if you can create a clear visualization of yourself achieving the outcome you want, you prime yourself to act in a way that is consistent with what you imagine.
one more idea