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When It's Time to Ask for a Raise and How to Do It

Do you feel like you deserve more money at your job? When it comes time to ask for a raise, there’s a right way and a wrong way to do it. Be sure to follow these tips to increase the likelihood you’ll get the answer you want:

 

Know When to Ask

Don’t sabotage your chance to get a raise before you even ask, just because you asked too soon. Wait at least a year after you start a new position or since you last received a pay hike. This gives you enough time to establish yourself at the company or prove your worth since your last promotion or raise.

Other good times to ask for a raise are when:

  • You earned a new job title
  • Your responsibilities increased
  • You helped launch a successful project
  • Your responsibilities are regularly more than what the original job listing said they’d be
  • Before or at your performance review

 

Cite Your Accomplishments

When it’s time to ask, make sure you take the right approach. You need to persuade your boss that you deserve that raise. How are you going to do that?

Cite a list of your accomplishments, show how your responsibilities have increased, or how your job has evolved to more than what you applied for. This is most effective when you can point to ways you’ve gone above and beyond expectations. Maybe you often do more than your job requires or have taken steps to increase revenue or save money. If you work in healthcare and came up with a system that helps receive patients more efficiently, that’s awesome. And a reason to ask for a raise. If you came up with a new system that allows you or your co-workers to do the same work in less time, that efficiency saves the company money. Or maybe you help on sales projects. Or maybe you are just awesome with the customers. That means they’ll keep coming back. Do your best to quantify what you do and how it has a positive impact on the company.

After you speak to what you’ve done for the company so far, talk about the future. What great ideas do you have that you’re ready to share? Your boss will be happy to hear that you are loyal to the company and are thinking about your future there.

In addition, keep the conversation professional. You might really need more money to pay for increased rent or a new car, but it’s unlikely that this information will help you get your raise. Employers will focus on your contribution at work and their budgets to determine whether they can pay you more.

 

Do Your Research

But how much should you ask for? Research similar positions to yours to find out salaries in your area. Look online and ask people you know in your industry to find out what someone in your position, with your experience, might make. Make your request based on the information you find. You can shoot a little higher than the norm in case you need to negotiate down, but don’t pick an outrageous number. It’s easier for your boss to give a quick no if s/he feels your request is unreasonable.

What if your boss turns you down? You should know before you enter the room whether a no means that you need to look for a new job. If you want to stay, tell them that you understand and ask if they can give you tips on how to work toward the raise. You can show that you are serious about doing what you need to get the raise when you are open to feedback and take the action they suggest. Ask if you can meet for a performance review in six months to re-evaluate your situation.

 

If you’d like to continue your education at a school where you can find more information like this and support through the Career Services office, contact Charter College today. Learn about our on-campus, online, and blended learning programs in health care, trades, business, information technology and veterinary assistant.