How to Ask for a Raise

Posted February 14, 2017 in Job Hunting Tips by Elizabeth Tischer

 

Even if you know that you deserve a raise and have a good case for more money, it is very stressful and most of the time downright uncomfortable to ask your boss for more money. It's difficult enough to even talk about money with management, nevermind asking for more of it. In many cases, management becomes resentful, particularly if they can't afford to pay you more. You on the other hand, may see your anxiety level hit the roof. 

If you're not a good negotiator, you're going to find that you're totally nervous when it comes to asking for more money. Even if you are a good negotiator, the situation can become awkward. There are a few things that you can do to make it easier. If you're well prepared and know what you're going to say as well as how you're going to counter the arguments that may come your way, you will probably find that asking for a raise is a lot simpler than you originally thought.

Do Your Homework

Prior to doing the discussion about the raise,take some time to do a little legwork You need to know everything about the job that you are doing and what it pays to an experienced person.

To get a good look at what you should be asking for take a closer look at the average salary in your area for someone in your experience level. You'll find a lot of the salary and wage norms at the Bureau of Employment websites. Does the salary that you're receiving reflect the standard market rate for your job? If it is lower then you've got a ballpark to start with. Likewise don't forget to take into account merit raises and raises based on experience, if you've been in the business for a long time span.

In terms of merit pay, you can expect to make  2-5 percent above the typical statistics for your geographic area and field. 

Once you have all of the information that you need you can begin to prep your argument for the raise and all of the supporting documentation that you're going to need. You need some kind of evidence to use to back up your request for extra pay. consider things such as how much you may have brought in for extra sales, people that you may have brought in, clients that you've upsold. You might even consider sharing emails from clients or co workers praising your work or your expertise in your field. Any reviews or positive feedback should be shared as well.

Not only should you share what you've done in the past that qualifies you for this raise and shows how you deserve it, but you should also lay out your plans for the future of your position. explain what you have in mind and why your company should show their appreciation by at least bringing you to a level with the base salary of experience people in your field.

 

One last tip, never threaten or try to coerce or suggest that you may leave if they don't offer you the raise. If you honestly feel that way, then do begin to look elsewhere but using that as a way to coerce them to pay you more will be something that no one will ever forget and may cost you a lot in the way of good will.

back to top
« View all Blog Entries
Back to top