How to Ask for a Raise
Asking for a raise can feel like a daunting task. However, with the right approach, it can be a straightforward process. Here are some steps to help you.
Choose the Right Time & Place
Timing is crucial when asking for a raise. It's important to understand when your organization typically makes salary changes, such as during mid-year or year-end performance reviews. Consider the business dynamics and climate, too. Showing your manager you have perspective goes a long way when having compensation conversations.
Give Your Manager a Head's Up
Don't spring the conversation on your manager unexpectedly. It's better to let them know at least a week in advance that you'd like to talk about your compensation, either as part of your review or a 1:1. This gives them time to prepare and makes the conversation more productive.
Do Your Research
Before you make your request, it's important to know what you're worth. Comb through job sites like Indeed and consult your network to gauge marketplace rates for your experience. Consider previous salary increases, cost of living, inflation, and changes to benefits. This will help you to make a well-informed argument and increase your chances of getting the raise you want.
State Your Case Clearly
When you're asking for a raise, it's important to clearly state why you deserve it. Present your supporting facts, including specific results you delivered, examples where you went above and beyond, and the market research you did to set your target compensation increase. This will help your manager understand your request and its validity.
Expect Questions
Be prepared for questions from your manager. They will likely have some clarifying questions: stay open to them, consider your manager’s perspective and answer questions directly. This shows that you're prepared and willing to discuss the matter in depth.
Hold Your Ground (Politely)
If you encounter pushback, don't be discouraged. Ask to understand how compensation decisions are made and if there's anything you can do to increase your chances of obtaining your target raise. Remember to remain respectful and professional throughout the conversation.
To learn more about negotiating to get what you want from your career, contact me by filling out the Intro Form or sending an email to jenn@atthecorecoaching.com.