Many people believe they’re worth more money but are afraid to ask for a raise. Picture the scenario where you are conversing with your boss about how he or she should financially reward your strong efforts. Are you getting anxious just thinking about it? Well you shouldn’t! In order to climb up the ladder both professionally and financially you have to ask for a raise at some point. After all, many people are inclined to give you a raise after you ask for it.
According to CareerBuilder, “56% of people have never asked for a raise”. It’s time to change the statistics. So, below you will find a few tips on how to approach your boss when asking for a raise with confidence and poise.
Analyze Your Performance
Before you set a meeting with your boss to ask for a raise, consider whether or not you actually deserve a pay increase. “Of course I do!” is what most of us say to ourselves. However, a pay raise demonstrates that you went above and beyond your regular job duties. Take time to self-reflect on your performance. Think of the last performance review you had with your boss. Have you been able to improve on those focused areas or re-define certain skills? If so, you have a solid ground.
Now that you believe you deserve a raise you can honestly convince your boss!
Take Time To Research
There is one more step that you should take before setting up a meeting with your boss. This step is to prepare for your meeting, which requires you to do research.
Don’t expect to have a meeting and just demand a raise. Instead you want to have a clear number for your raise. Typically, a standard pay raise lies anywhere from 1-5% of your current pay. Remember to have realistic demands to be taken seriously. If you’re unsure of how much to ask for use an online tool like PayScale to view what others in your career field are making. After analyzing how much pay you should receive, review your company.
It is crucial that you are asking for a pay raise at the right time. Currently, how is your company preforming? Is it doing well-where a raise would be realistic? Or is it going through a stressful time where layoffs are occurring? Timing is important so know what type of position your company is in before asking for a raise.
Schedule A Meeting
Once you have analyzed your performance and done your research and you still believe you deserve a raise, then it is time to schedule a meting! Having an in-person sit down meeting shows you are prepared and serious.
Simply send you boss a brief email that informs him or her that you would like to have a chat. Don’t worry it can be as simple as:
Hi [Boss’ Name], I was wondering if you are free anytime this week to schedule a sit down time to talk about my current position, performance, and future at [Company’s Name]. Let me know what day works best for you. Looking forward to our chat! Thanks, [Your Name]
Keep your email short and straight to the point to get your message across.
Confident Is Key
Your meeting day is finally here! During the meeting be sure to present yourself with confidence. This means maintaining eye contact and speaking in a clear, assertive tone. Try to steer away from fidgeting around. Remember to breath and collect your thoughts before you enter the meeting. You are more prepared then you think, so don’t stress out and go get what you deserve!
It takes courage to ask for a raise. However, if you assessed your performance and still think you deserve a raise then go ask for it! There is no harm in asking, the simple answer may be “no” but at least you tried. It may be tough to put yourself in a situation with an unknown outcome but you don’t want to wake up every morning not satisfied with your salary. Start by taking action today using the helpful tips above.
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