How to Ask for a Raise
How to Ask for a Raise
How to Ask for a Raise we offer some helpful tips to strengthen your position when asking your employer for a raise in salary. We help you to develop a plan that you can use to request a salary increase.
A good way to approach your employer is to look at the situation from their perspective as they desire to obtain your services at the lowest cost possible.
Labor costs and benefits are a large part of the overhead for many businesses. Keeping these costs down increases the profits for the business, so of course the employer will try to hire qualified people for the lowest salary possible.
You need to be comfortable with the notion that by asking for a salary increase you are informing your employer that on some level you are not satisfied with your job.
This is something to keep in mind if you do approach your employer, the door can be opened for negative consequences if the employer feels you may leave if you don't get what you want.
We have assembled a list if tips that show how to ask for a raise.
Don't Ambush Your Employer
Don't Be Emotional
- Timing is important, don't just show up and drop this on them, no one likes to be caught off guard.
- Contact them and ask for a meeting explaining that you would like to speak with them about an increase in your salary and/or benefits. Be prepared for the chance that they may want to speak to you right then.
What Are the Boss's Expectations?
- When going into the meeting be prepared to be turned down. They are either going to give it to you or they aren't.
- Don't argue, you still need to work there. If you didn't get the result you wanted and decide you can do better you can think about looking for another job.
What it boils down to...
- Your boss doesn't base your salary on the amount of money you need to live on. You are paid what your employer feels your position is worth, not how much your new car payment costs. Don't approach them on the basis of your needs.
- Document how your employment benefits the company through increased sales, securing new accounts or other measurable improvements that improve the companies profits. Show your worth in black and white.
- Do research to find out what others who hold your position are being paid in your area.
- Factors such as the financial strength of the company or the budget being cut in your department can affect you getting a raise.
- From the perspective of how you benefit them, you must convince your boss that it is more profitable to pay you more, than potentially loose the benefits you provide to the company.
- We hope these tips and help have shown you how to ask for a raise.