You’ve been at your job for a while and you’ve had many accomplishments. You’re thinking about asking your manager for a raise, but you’re not sure how to go about it. This is an important conversation and one you must be prepared for. There are several steps you can take ahead of time to increase your odds of hearing, “Yes.”
1. Know the Average Salary for Your Position
You don’t want to ask for too little or too much. It’s essential that you know the average salary for your position. Glassdoor and the Bureau of Labor Statistics are good sources for researching salaries. Keep in mind that your location will affect how much you make. An employee in Washington DC can typically expect to make more than someone in the same position who is based in a rural area.
2. Regularly Communicate with Your Manager
You don’t have to wait for your next performance review to ask for feedback. Keep in touch with your manager on a regular basis. Communicate your accomplishments and how you overcame obstacles. Routinely ask for feedback because these discussions pave the way for asking for a raise.
3. Be Specific
When you ask for a salary increase, have a specific amount in mind. You will appear confident and informed when you state a specific amount. If you give a range, hesitate, or are otherwise unspecific, you can come off as unsure of yourself and your abilities.
4. “Deserving” versus “Needing” a Raise
When you ask for a raise, explain why you deserve one. Discuss your job requirements and your achievements. Don’t talk about why you need to make more money. Whether your rent has increased or your car needs expensive repairs has no bearing on your job performance. Discussing personal finances with your boss is unprofessional and is unlikely to work in your favor according to top career coaching experts.
If you’re told, “No,” don’t be discouraged. Some things will be out of your control, such as budget constraints. Ask your manager why you were turned down. Take their feedback to heart and set a goal to ask for a raise in the future.