Wondering how to ask for a raise? Increasing how much you earn can have a big impact on your quality of life and your ability to pay the bills. But for many people, asking for promotions or raises can be challenging.
These effective tips can help you when it’s time to ask for a raise:
Prepare Yourself Emotionally
One reason many people don’t ask for a raise is that they don’t want to sound “greedy” or they’re not sure whether they “deserve” a raise.
Put yourself into the right mindset by writing down your salary and the date when you received your last raise. Under that, write down everything you have accomplished since that date and all the ways you have contributed to the company. You may also wish to speak to friends, coworkers and family members who have successfully asked for a raise. They can reassure you that this is a normal part of working life and offer encouragement.
Plan the Request
Practice asking for a raise when you’re by yourself, going over the points you will make and how you can phrase your request. Consider practicing with someone you trust if you’re nervous. One reason many people don’t ask for a raise is because they’re not sure what to say when asking for a raise. Practicing and planning will ensure you don’t get tongue-tied.
Time Things Correctly
Consider when you will ask. Ideally, ask if you have been working at the company for a while, have been making positive contributions, or have had good job performance reviews and it has been a while since you have had a raise. Consider how the company is doing financially, too. It will be easier for your employer to say “yes” to your request if the company is making a profit.
Know What to Say to Objections
You may be nervous about the employer refusing you, so consider what objections they may have. Often, having the facts in hand can help with this. Being able to point out it’s been some time since your last raise or being able to point out the company’s rising profits or the inflation rate can be persuasive.
Make It About Your Benefit to the Company
Explain to your employer why you deserve a raise. Be specific. Note any accomplishments you have had recently, any money you have saved the company and any problems you have solved. Discuss how your raise could help the company in terms of your morale and your ability to do your best work.
You will get the best results from your request if you stay calm and professional. Treat your request for a raise as you might a job interview.
Not everyone gets a raise the first time they ask, but it is a worthwhile effort. It gives you practice and allows you to potentially increase your earnings and improve your financial situation. If you are rejected for a raise repeatedly, your request may also be a sign you may wish to look for other opportunities.