Even if it’s much needed and well-deserved, some people would rather settle with what they’re offered rather than go ahead and ask for a raise. It’s nerve-racking and what would happen if your request gets denied, right? Don’t worry! We’ll teach you some tips that can help you get the raise you’re looking for.
Find out how much is the usual salary for your job. You can ask your colleagues and people from related companies that you may have previously worked with. If they don’t feel comfortable sharing such information, you can also look online. There are websites such as Payscale, Glassdoor, Salary, and Indeed that have a database of median salaries for various job titles.
Don’t divulge to your employer that you know how much a colleague is earning and say that you deserve the same amount. You have no idea what influenced their current rate. Besides, it’s unprofessional to do so.
Consider other factors
Just because your colleague has a much higher salary doesn’t mean that your employer is being unfair. It’s time to take into account what other factors may impact your rate. Here are some examples:
- Years of relevant work experience
- Educational attainment
- How long you’ve been working with your employer
- Achievements and performance in your current work
- When’s the last time you got a raise
Weigh the components above then set a realistic rate.
Unless you have a friendly relationship with your employer, it’s best to avoid telling personal reasons that might have encouraged you to ask for a raise. This includes family or financial problems and anything that isn’t related to your work.
Time it right
Do not pop the question when you think your company is struggling financially, as well as when the industry or economy is unstable. Timing is important, so it’s best that you ask for a raise only when you are sure that your employer is doing well moneywise. Also, avoid asking your boss during times of stress and deadlines.
Ask your colleagues to learn more about the financial status of the company. And verify if it’s just office gossip or factual information.
Plan for what happens if you get denied
Before presenting your case to your employer, plan what you’re going to say if you get denied or offered a much lower rate. Should you resign or should you wait until you can ask again? Knowing ahead of time how you’ll react will help you avoid getting emotional.
Do not get angry. No matter how disappointed you may feel, you should not forget to act professionally. Get to know the reason why were you denied and negotiate from there.
If it’s because of budget constraints, then you may ask for other things that wouldn’t have to add to your employer’s bills. You can request for extra time off or a chance to work from home during some workdays.
If your boss thinks that your performance fell short, probe them for their expectations and ask for some definite objectives. This will show them how serious you are with your career. Once you’ve exceeded the career goals you’ve set with them, there’ll be a higher chance of getting a raise the next time you ask.
Set an appointment
Once you’re ready, you can personally ask your boss if they have free time to discuss some matters or you can ask via email. The important thing is that you don’t ask them right away when you suddenly bump into each other. Treat this as a serious matter so that your boss will not think you’re unprepared in any way. Besides, it will be more difficult for them to personally turn down a request when they can see how much effort you’ve put into it.
During the talk
It’s normal to get nervous before you enter the room, but once you’re in, try your best to be calm. Be polite and don’t think that something will go wrong. After all, everything that you’ll present is true. You’re here to ask for something that you think you deserve. Now it’s time to convince your employer how much you deserve it.
Think of it as applying for a new job. Put your best foot forward and explain why you’re worthy of a raise. Stick with the facts and present your evidence. Highlight all your relevant skills that helped your projects become a success. Have you ever done tasks that are beyond what you’re paid to do? Bring this up as well as your accomplishments and explain how it benefited the company. Provide details and numbers.
For example, you came up with a campaign and led a team to put your ideas into action. In return, this boosted your company’s sales within a month by 40%.
Describe your future plans with the company and tell how you can help make things better. Offer to take bigger responsibilities as long as you know that you can manage it.
Tell your boss how much exactly you are expecting for your raise. For instance, you can say that you want your monthly or annual salary to increase by 20%.
As a reminder of what was previously told, do not share your personal problems. If you’re in need of a raise because your spouse recently lost their job, it’s not a valid reason for your employer to grant your request.
You should not, in any way, give an ultimatum saying something like “I want a raise or else…” if you don’t want to put your job at stake.
After the discussion
Whether you receive a yes or a no, thank your employer for their time. You can send a thank you email even if you already said thanks personally a couple of times.
In case of a denied request, we’ve already told you what you could say to renegotiate. But if you got a yes, then you have to be patient and wait until the raise gets implemented. Don’t make your boss feel bad if they’re taking some time. If there are higher-ups involved, they would still need to report it. Also, there might be company rules to follow. When you think there’s a big chance that they might have forgotten about it due to busyness, then you may subtly remind them. Try asking if there are papers to sign in order to apply the raise on the next payday.
Supposing that there are already past incidents where you’ve been denied of a raise even though you know how well-deserving you are, consider looking for other companies who are willing to pay you how much you’re worth. This will be a big move, so think about it very well.