Our Tips On How To Ask For A Raise And Get It
Asking for a raise is no picnic, but if you approach it the right way, it can feel more manageable and less like a debacle. We've done the research and compiled a list of the best tips for how to ask for a raise and actually get one. Get to reading, and good luck!
1. Express why you deserve a raise, not why you need it.
Your boss is going to give you a raise because you deserve it, not because you need it. Despite costs of living or personal circumstances that may require a higher salary, a raise really depends on your performance and achievements with a company. There isn't a single person out there (a single sane person) who would not like to make more money, so it's best to leave the personal details about why you need a raise at home. The bottom line is, if the results you provide a company with are valuable and continue to create positive impacts, then you more than likely deserve a raise. Focus on that and you will be better off.
2. Research your market value.
Before you walk into your boss's office amped with a mission and ready to get that raise, do your research. In order to ask for something fair, deserved, and reasonable, you need to understand your market value in your industry. If your expectations are unrealistic and out of line with salary trends in your industry and area, then you likely won't succeed at your attempts. Head to sites like Glassdoor.com or Payscale.com and find out what other people doing your job are making. This will also be helpful if your boss asks you for a specific number in terms of salary. You should have a reasonable answer that is supported by real data. Most raises are between one and five percent, so keep this statistic in mind as well.
3. Effectively communicate your added value.
What is it you have done and continue to do for your company? What accomplishments have you had? Be ready to support your request for a raise with specific details about your achievements. It's not enough to say you are doing a “great job” and “put in long hours”. You need to have real data and examples to back your request for a raise. What have you done that has made money for the company? Have you assisted in the increase of sales? Worked to improve a process that led to more productivity and efficiency? Having real, concrete evidence of your value and worth is crucial. Are there others in the company that think highly of your work? This would be great to share, as employees who raise team moral and productivity are, for lack of a better word, priceless. If there are real numbers and statistics to share that prove your level of contribution, then definitely remember to share them.
Best of luck from us here at Resume.io!