Every worker deserves fair compensation for their labor, yet surprisingly few people are comfortable asking their employer for a raise. Whether you are a skilled professional or have entered the workforce after completing your education, it’s important to understand the process of requesting more money for your contribution. Knowing how to ask for a raise isn’t hard, but it does take preparation and some research. This article will show you how to get the salary you deserve by outlining the steps for effective negotiation.
Be Prepared
Doing your research and being prepared for your meeting is the first step to securing a raise. It is important to know your worth and to understand the salary range your position commands. Start by checking the Internal Revenue Service website or similar sites to gauge how much money you can expect to make in similar jobs in your area.
Also, get yourself in the right mindset by having a clear understanding of your current job duties, your level of education, and your accomplishments with the company. Putting your points down in writing, including decades of work experience, educational credentials and how long you have been with the company, will give you tangible evidence to cite if your employer challenges you.
It is also important to think about the value you bring to the job market. Have you taken any seminars or courses that have sharpened your skills? What challenges have you faced in the workplace and how have you gone above and beyond to solve them? Understanding and articulating the specific ways you are invaluable to the company will h help you build a case for a raise.
Choose the Right Time
The timing of your request might be the most important factor. Don’t bring up the issue when you have just completed a major task, as your employer may consider it a form of blackmail. Instead, wait until your accomplishments have been successfully achieved, your employer is in a good mood, and your workload is low. Also, reconsider approaching your employer during holiday and end-of-year budgeting. Consider asking when your job performance or other accomplishments are likely to be evaluated, such as annual or bi-annual performance reviews.
Select the Appropriate Medium
Don’t just drop in unannounced and make your request for a raise. Instead, contact your boss and schedule some time to discuss the issue. If you have a good relationship with your employer, you might even mention your request over a cup of coffee rather than in a formal meeting. Other possible request scenarios include using email, requesting a phone call, or writing a letter.
Be Assertive
When you make your request, be sure to speak confidently. State the specific amount you want to be paid, and provide a sound argument as to why you’re worth it. Do not forget to discuss the value you’ve already brought to the workplace; this will give your employer specific examples of the sorts of contributions you have already made.
It is important to remain professional and not get emotional or angry, otherwise your employer may be less likely to take your request seriously.
Be Ready to Negotiate
Remember, you are asking your employer for more money; this is a complex matter that may also involve your colleagues, managers, and the Human Resources department. Don’t be surprised if your boss doesn’t give you a simple yes or no answer. He or she may want to discuss the issue further, or your employer may have budgetary constraints that limit the size of the salary increase you desire.
In any case, expect negotiations. Your employer may make a counteroffer of a different figure, or may negotiate in terms of promotions, vacations, bonuses, or other non-financial benefits. Lastly, your employer may want to look at the salary structures of other employers in the industry before making a final decision.
Be Prepared to Move On
If your efforts to get a raise are unsuccessful, don’t give up hope. Your employer may still be willing to provide additional benefits, such as a bonus or additional vacation time. Also, rest assured that your request will most likely be taken into consideration during future salary evaluations. Lastly, if you feel that the salary you are being offered is unfair, it is perfectly acceptable to search for another job or explore other opportunities within the company.
Knowing how to ask for a raise is a valuable skill for any employee. Asking for a raise may feel intimidating, but it doesn’t need to be. With the right preparation, firmly-stated arguments, and the ability to negotiate, you can get the salary you deserve. Don’t be afraid to ask for what you’re worth.
