You may feel like you’re long overdue for a raise but sitting around and waiting for a miracle to happen is not be the solution. You may truly love your job and finding another job could just be a long and cumbersome process. This is where you will need to take gutsy steps and look at the best ways to ask for a raise. So, how exactly do you do it? Read on to find out.
1. Ask For Feedback
If you want to talk to your manager about a raise, you should be able to have a clear and honest conversation with him/her in a non-pushy manner. Ask your supervisor to join in and have a direct heart-to-heart on how you have fared, and ask them for feedback on how you can improve. That way, it will make it look like you are taking additional interest in your job and genuinely want to give your best. Asking for feedback is not only one of the best ways to ask for a raise, but it helps build an open, communicative relationship with your manager, setting you up for success.
2. Shoulder More Responsibility
Time management is the key here. If you bite more than you can chew and run out of time, it could end up being disastrous. Prioritize all the work you have in hand, work honestly and then take up any additional tasks or problems that your company may be facing. Lend a hand to your manager and ask him/her if they may need any more help with what they are doing. You will be building a very good impression of yourself and at the same time, will be putting yourself on the fast-track lane for a raise.
3. “Sell” Your Accomplishments
Don’t beg for a raise. Instead, sell your accomplishments and focus on why you deserve a raise. If you are one who has consistently exceeded expectations in your office and have done more than what was expected of you, you can always list out situations and times when that has happened and talk it out with your manager when you are asking for a raise. Be proactive about your work. That way, when you approach your manager, he/she would have already known that you deserve a raise!
4. Find Out How Much Others With Similar Job Titles Are Making
Although you may love to make a couple of million dollars a month, that is an unrealistic expectation to set when it comes to asking your manager for a raise. Before you can approach your manager, do some background research on how much the others who are currently working in a similar profile as you, are making. Find out if other companies are paying them more, or whether the industry standards for the money that can be made is any different from what you are getting in hand. With a few handy pointers such as these, you could be making a very strong case for yourself when you are talking to your manager.
5. Choose The Right Time
There is always a right and wrong time for everything. Don’t go and ask for a raise when you know your boss is having a bad day. Sure, it may not be wise to sit over the discussion, but give your manger to mull things over before you can go and discuss a possible hike in the figures. Pick a day when your manager looks calm and relaxed and do it preferably, in the first half of the day.
So, there you have it. These are some of the best ways to ask your manager for a raise. But as always, set realistic expectations and be prepared for ‘no’. Either way, you would have learnt something new in the process and possibly even opened doors to more growth opportunities.