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

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 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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IDEA EXTRACTED FROM:

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

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

https://www.indeed.com/career-advice/pay-salary/guide-how-to-ask-for-a-raise

indeed.com

6

Key Ideas

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. 

Prepare what to say

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.

Be ready for questions

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?”

Thank your manager

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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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.

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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.

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