There is absolutely nothing wrong with asking for what you are worth, but before you ask for a raise, you should be prepared. You should understand the best approach to asking for a raise, be prepared to present your case, and know the right questions to ask. Here are six tips to keep in mind when asking for a raise.
- Do your research.
Before asking for a raise, it’s important to know what you’re hoping for. You’ll want to see what other people in roles similar to yours are making. It’s also important to take geographical location into account. Someone in Kansas City, for example, likely won’t be making as much as someone in New York City. Use tools like PayScale and Glassdoor to compare salaries, find negotiation tips, and create an in-depth salary report.
- Focus on your wins.
Look back over your time with the company. Which of your projects have been successful? Have you saved the company money? Can you cite specific performance data and metrics that demonstrate why your work is successful? Are there colleagues who would be willing to give you an endorsement? These are all great things to consider.
- Ask for feedback.
Have an open and honest conversation with your supervisor about suggestions for improving your performance or ways they would like to see you grow in the role. If you want to be promoted to another role, ask what you can do to show your dedication and commitment.
- Take on more responsibilities.
One of the best ways to ask for a raise is to start solving problems that are “above your paygrade.” Take a good look at the overall structure and goals of your organization, and see where you can fill in the gaps. Exercise good time management skills so that you can fulfil your current responsibilities and take on additional ones.
- Practice your conversation with a friend.
Many people get flustered when they get into a conversation where the stakes are high, so you may want to practice it beforehand with a friend. You don’t want to end up putting your foot in your mouth or saying the wrong thing because you aren’t thinking.
- Be prepared to hear “no” or “maybe.”
If you don’t get a “yes” right off the bat, don’t fear! If your supervisor tells you “maybe,” make sure you follow up with them appropriately. If they tell you “no,” here is a chance for you to ask for more feedback. Ask your supervisor what you would need to do to make the amount of money you desire, and see what they say. You might be able to show them over the next few months that you deserve the raise.
Asking for a raise can make people feel nervous, but it doesn’t have to. The best thing you can do is make sure you are well prepared to have the conversation, and you’ll feel confident and ready to make your case.
