You work hard, take initiative and are always a team player, but it’s been several years now and you haven’t seen a raise. And in that time, the cost of health insurance has increased, not to mention gas, food and the ridiculousness of college tuition.
You tell yourself it might be time to ask for a raise. While you might be afraid that asking for a raise is a bit risky, GetFive actually teaches the opposite.
If you’re a hard-working, well-performing employee, there are no risks in asking for a raise. Worst case scenario, your boss will say no with an explanation, and at least then you’ll know you tried.
The trick is to set yourself apart when you ask the question. So before you set up a meeting and walk into your boss’s office, ask yourself the following questions:
Do you deserve a raise?
Get a sense of how you are perceived in your office. While your manager should be communicating clearly, asking for feedback is an important part of managing your career. If your employer doesn’t conduct formal performance reviews, ask your manager how you’re doing and be prepared for his or her feedback.
Are you prepared?
Once you know you’re deserving of a raise, it’s time to make your case. Build a reputation and make sure people know who you are. Document your successes and praise from other coworkers which will help justify your request when the time comes. It’s best to frame your contributions in measurable ways. Organize and present all your thoughts and accomplishments on paper in order of importance. Don’t forget to practice making your case so you don’t appear nervous.
Are you being fairly compensated?
It’s important to determine whether or not your request is realistic. For quick figures, you can check out glassdoor.com or salary.com for anonymous salary information submitted by employees. Search for your company and similar positions to get an idea of the norm.
Are you prepared for rejection?
Anticipate roadblocks in case upper management denies your request. Your boss may counter with questions that you should be prepared to answer. If your employer can’t provide a raise, perhaps they could add on a few other benefits like vacation time or the option to work remotely.
Let these questions help you build your case for a raise. Even if the meeting doesn’t go your way, it could still lead to a positive outcome in the long run. You’ve opened up lines of communication, which often strengthens your relationship your manager.
Would you like additional advice on asking for a raise or other aspects of your career? Contact us today – we’re happy to help connect you with a career coach!
