Asking your boss for a raise can be awkward and stressful. But if you truly deserve a raise then it shouldn’t be a problem. It’s a normal part of having a job, and quite frankly, asking for a raise reflects the hard work and effort you put in your job. So, how do you ask for a raise that you deserve, and then actually get it? Here are a few tips and practices that can be of tremendous help.
Before the meeting, you should write and rehearse an agenda. You should be able to prove that you deserve the raise. Look back to previous projects and accomplishments where you outdid yourself and brought in revenue for the company.
Know your worth
Also of importance, you should know your worth before you go in to speak to your boss. Find out the market rate and current trends in your field before the meeting. You should also factor in your employer’s salary structure. Some employers follow rigid policies when it comes to increase in salaries, while others are more generous.
Timing is key
You should pick a convenient time to ask for the raise, as this could affect the outcome of the meeting. The company should be in good financial health when you are asking for a raise. Also, consider your manager’s schedule and check if they have a lot on their plate. If so, they could be frustrated and under stress, so it may not be the best time to broach the subject.
Some companies conduct annual or quarterly reviews with their employees. If that’s the case, then it is the best time to discuss the raise, because not only will they be expecting it, but also it will be easier for them to adjust the finances of the company.
Another great time to discuss this issue is after completing a significant task or project for the company that provided real value. It would be easier for your employers to accept the pay increment if they know that the goals of the company are being met.
At the meeting, you should be clear about what you want and be specific about the figures. For example, have a clear idea of how much you would like your salary to be increased, and when you’d like your desired salary to go into effect. Avoid words that portray a lack of confidence or uncertainty. Communicate with confidence, knowing that you deserve the raise and leaving little room for negotiations. Don’t give an ultimatum unless you’re prepared to lose your job, and don’t use information about your colleagues’ salary as a way of getting yours raised.
It is also imperative to express appreciation for what you are currently earning at the company and share future goals you have for the company. This shows the level of commitment you have in doing your job.
Justify your raise
You should be able to quantify your value with data such as awards or recent achievements you have brought to the company. This is to demonstrate how you have contributed to the company’s success. Present the justification in a logical and appealing manner.
Lastly, dress well and don’t be too serious. A little humor won’t hurt.