Asking for a raise can be a very intimidating and awkward experience. The best way to go about asking for a raise is to be prepared. Your anxiety and nervousness will subside when you’re well-prepared. But, you might just find that asking for a raise is easier than expected.
First things first – when asking for a raise you can’t simply say “can I have a raise”? You need to have a specific and realistic number in mind. You need to do your research and find an average rate for similar positions in your area and then compare that number to what you are currently making. This will help you calculate exactly how much to ask for when asking for a raise. Other factors can effect that desired number such as how long you’ve been in the position.
Next, you need to not only talk about what you have done, but what you are planning to do within the company. This will give your boss the notion that you are there to stay and thinking about the future. You can accomplish this by evaluating what your company needs and is currently lacking. Back your ideas up with methods on how you are going to solve the problems and why you are the perfect person to solve them.
You should definitely mention your accomplishments when you ask for a raise. Sometimes it is uncomfortable bragging about yourself, but making a point that you are a valuable asset to the company is always a good move. Make sure you talk about your successes and achievements, not just qualities you have.
Timing is everything, so time your proposal properly. The most ideal time to ask for a raise is when you have just completed a project, solved problem, adopted new responsibilities, or done something else that was noteworthy for the company.
You might also consider asking for a bonus instead. Some companies may be able to provide you a bonus if a pay increase is not possible. Bonuses do not commit the company to a long-term salary change, so sometime companies are more willing to do bonuses than raises.
A major mistake that is commonly made is complaining. Complaining about your current income is not how you should go about getting a raise. Even if you are someone who hasn’t gotten a raise in years or someone who does twice the amount of work as fellow employees, no boss wants to hear it. You can always spin these negatives into positive points for your proposition.
Often times people will use leverage such as another job offer they have received in order to get a raise at their current company. This is not always the best route. Yes, you want to prove you are a valuable asset, but this could appear to your boss as a sign you are not committed to the company.
So just remember these steps: do your research, form a proposal, brag about yourself, and keep it positive and your request for a raise might be granted.