Asking for a raise represents one of the most difficult conversations you'll likely to have with your boss. On the one hand, you probably think it's time your employer pays you what you're worth. On the other hand, you don't want to appear ungrateful. Learn to balance these aspects with the following dos and don'ts.
Do: Determine If You Deserve a Raise
It's important to determine if you actually deserve a raise before asking for one. Have your loyalty, hard work and experience earned you a raise. Do you help move the company forward in a specific way? Are you an asset to the organization? Make sure your answers to these questions is "yes" before asking your supervisor to pay you a higher salary.
Do: Perform Market Research
Research your position within the company and similar positions elsewhere. What salary do other companies pay for your job? GlassDoor.com is a great resource for this research. Also, determine the cost of living in your area as it compares to other parts of the country. Examine the U.S. Department of Labor's Occupational Outlook Handbook to get hard facts about people in your line of work. Once you have facts and figures, build your case for a raise around your own work ethic, skills and most recent performance review.
Do: Ask Before Budgeting
Ask for a raise a few months before your company sets its yearly budget. Depending on your company's fiscal operations, budgeting can occur at any time during the year. Find out when your organization plans its budget, then choose a date to ask. This way, if your employer grants your request, you won't have to wait until the next fiscal year to receive higher pay.
Do: Request a Formal Meeting
Request a formal meeting with your boss to discuss salary. The meeting should happen between you, your boss and a member of human resources. Try to schedule the meeting so it occurs after completing a successful project so your skills and hard work are at the forefront of your manager's mind.
Don't: Talk About a Raise During a Performance Review
Your performance review examines the previous year, six months or quarter as it pertains to your performance and any improvements. It's not time to ask for a raise at this point. Focus on your results, goals and performance during the review meeting.
Don't: Make Jokes or Complain
Stay serious when asking for a raise, and don't tell jokes as a way to alleviate tension during the meeting. After all, you want your superiors to seriously consider your request. Also, do not complain about your low salary, even if you put in several years of hard work. Express your appreciation to your boss and willingness to work even harder for the right pay.
Asking for a raise doesn't have to be nerve-wracking. Follow these dos and don'ts to increase your chances of earning the salary you deserve.
Photo courtesy of hyena realty at FreeDigitalPhotos.net
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