So, you’ve been at your job for a while now and think it’s time to ask for a raise. Maybe you’re not sure how to go about it and are worried you won’t succeed. Don’t fear! With some careful preparation, you’ll be on your way to getting the raise you deserve.
Determine Your “Why”
Maybe it really is all about the Benjamins, but there could also be more to your desire for a raise. Ask yourself: why now? Will a raise truly make you happier, or are there other factors in play? The reason for wanting a raise is often rooted in a desire to be happy and have a fulfilling career. If you aren’t satisfied with your current salary, it may take more than money. Determining your “why” emboldens you to ask for what can make a difference in your life.
List It Out
Your hard work is obvious to you, but it can be difficult to express on the spot. To make sure your case is strong, create a list of accomplishments and the impact you made in your role. You’ve put in the time and effort, now it’s time to show your boss what you’re worth.
Gather Data
Do research to find out what others in your field are making. This will give you a good idea of what’s reasonable to ask for. If you want an extra layer of confidence, have a conversation with one of our recruiters to ensure you are in line with others in your area.
Practice, Practice, Practice
Determine what you want to say and come up with a clear and concise pitch. Then rehearse your argument until it feels and sounds right. Start by explaining why you feel you deserve a raise and outline your successes at the company. Be prepared to answer any questions and decide on alternatives you’re willing to accept if they can’t meet your demands.
Time It Right
Whether it’s a soufflé or a raise proposal, timing is everything. Don’t be like the contestants on “Worst Bakers in America.” Position yourself in the best way possible to receive a positive response. Consider the company’s budget cycle and whether there are merit increases allocated for employee raises. If you can time your request around this cycle, you’ll have a better chance of getting what you want. Also, consider the company’s overall financial health. If they are doing layoffs or cutbacks, it’s probably not a good time to ask. But if business is good, go after what you want.
Speak with a Trusted Advisor
It’s important to run your plan by someone you trust before meeting with your boss. Morgan Hunter prioritizes building relationships, not just making placements. Let us be your trusted advisor and get your case as strong as it can be. So, what are you waiting for? Follow these tips and get that raise and contact our team of recruiters if you’d like some help along the way!