This is a situation that almost everyone will encounter at least a few times during their career. It can be an uncomfortable situation that a lot of business professionals avoid. In addition to being distressing, it may also be a situation where someone does not know the right time to ask for a raise, or how to do it. Can you imagine not getting a raise because you did not know how to ask for one!? Below are some tips that can help.
The first step to consider when asking for a raise is that it should be done in a very professional manner. Make an appointment with your supervisor and allow ample time to discuss all the material you want to cover. Be confident going into this meeting, and make sure you have a positive attitude.
The second step to consider is that you must have reasons to support why you deserve a raise. Have a list prepared of all the contributions you bring to the team. You want to be able to say without a doubt that you have successfully completed all of your duties and more. If you can state the exact revenue that your contributions have brought to the company, that is an extra bonus. You know what is important to your boss, so use those specific contributions to your benefit.
The third step is to be prepared to give your boss the salary that someone in your industry is making. Competitive wages are important to know. This gives you an extra edge, which a supervisor may not be prepared to counteract. This will come in handy if you’re boss is not convinced that you deserve a raise.
Following these steps may not guarantee that you will get the raise you request, but it should make the entire process less stressful. By documenting your accomplishments and presenting your value to the company, you will increase your odds to have your request for a raise granted. As you look to the future, it is also important to continue growing your professional attributes, including taking relevant business classes, volunteering for more responsibility with your company, etc., so you may continue to grow your income throughout your career.
