Steps to Confidently Ask for a Raise
Steps to Confidently Ask for a Raise
We’ve shown you how to build an enticing resume and provided you with a guide to ace your next interview, but what happens when you get the job and feel it’s time to ask for a raise? Asking for a raise can be an intimidating task, but with the right preparation and approach, you will increase your chances of success. Remember, the answer will always be no until you ask. Read below to find the steps to confidently ask for a raise.
Let’s get Started:
1. Do Your Research
Before you bring up the topic of a raise with your manager, it is imperative you gather information on the typical pay range for your position within your industry and location. Resources like Glassdoor and LinkedIn can provide valuable insights and positions for comparison. At Morales Group Staffing, we always encourage being well-informed and prepared for these types of discussions. The more prepared you are, the more likely you will get the outcome you want.
2. Honestly Evaluate Your Performance
Most people would like to make more money, but in these types of discussions, you have to reflect on your achievements and contributions to your company since your last salary discussion. Do you actually deserve a raise? If you think so, do you have evidence to back that up? Come prepared with specific examples of where you’ve added value, exceeded expectations, and/or taken on additional responsibilities. This information will support your case when explaining why you deserve a raise. A study by PayScale found that employees who could present data and evidence supporting their request were more likely to succeed in securing a raise.
3. Consider Your Timing
Asking at the appropriate time is essential when requesting a raise. Aim to schedule your discussion during a period of positive performance evaluations or when your company is financially health. Specifically, avoid times of financial stress when budget cuts are being implemented. Timing your request right can significantly increase your chances of getting a favorable response. Forbes suggests that the best times to ask for a raise are during your performance review, after a major accomplishment, or at the end of a fiscal year.
4. Prepare A Pitch
Craft a clear and concise pitch outlining why you deserve a raise. Highlight the specific examples we discussed in point #2 as well as your loyalty and ongoing commitment to the company’s success. Practice your pitch to make sure you are coming across as confident and professional. According to Harvard Business Review, practicing your pitch can help reduce anxiety and improve your delivery, making your request more compelling.
5. Be Ready for + Adapt to Any Response
Prepare for whatever outcome – a positive result, a counteroffer, or a rejection and thank your manager for their time. If the response is not what you hoped for, ask for feedback on areas for improvement and set a timeline for revisiting the conversation. Career experts at The Muse recommend having a follow-up plan if your request is denied, including asking for specific performance targets to meet before you ask again.
6. Be Professional
Regardless of the answer you get, remain professional and express gratitude for the opportunity to discuss your compensation. This approach will leave a positive impression and could set the stage for future discussions. Keeping a professional demeanor can also maintain a positive relationship with your manager, which is crucial for your long-term career growth.
Asking for a raise is an important step in your career development. At Morales Group Staffing, we support your professional growth and are here to help you navigate this process with confidence.
