At some point throughout your career, you may be in the appropriate stage with your company for a raise. Although many companies offer sequential pay increases, others do not. Understanding the most efficient ways to ask for a pay raise is crucial. Asking for a raise is often a nerve-racking conversation topic, so listed below are a few tips.
Why do you Deserve a Raise?
Explain to your boss why you want a raise. Prepare a mental or written list of both recent and long-term accomplishments. How will you continue to benefit your company? Do you have any big ideas or a genuine passion for your work? Putting everything out there will help to broadcast your capabilities. You should additionally research competitive salaries in your position, and if they are higher than your current salary, point this out to your boss.
Timing is Key
Avoid asking for a raise during times of high stress. If your company needs to be in better standing or your boss is already overwhelmed with meetings, think about holding off until a calmer time. Think about the time of year; may you already be in mind for a pay raise? When you feel it is an appropriate time, schedule a meeting to review your salary, so your boss is aware of your request.
You may work virtually in Addison and want a physical space to meet with your boss. Consider using the Addison Treehouse, a coworking space for professionals in the Addison area.
Confidence is everything. Show enthusiasm about your career with your company, and inquire about potential promotions. Typically, a higher salary comes with a more demanding job; are you up for the challenge. Convey how much you are ready to take on, or remind your boss of the additional tasks you accomplish that have yet to be accounted for. Remember to express gratitude for the opportunities you have been given so far.
Before leaving the meeting, ask your boss for a good time to follow up if you haven’t heard back. This lets them know you are committed and gives you the go-ahead to raise the topic again. If their response is an immediate no, you can negotiate or ask if there is a future date when you may be eligible for a pay raise.