Are you looking to get a raise but don’t know where to start? Asking for a raise can be intimidating, but with the right approach, it can be a breeze. In this blog post, we will give you tips on how to ask for a raise and increase your chances of getting the money you deserve!

When is a good time to ask for a raise?

1. It is perfectly reasonable to ask for a pay raise if you haven’t received an increase in over one year, your performance has been exceptional, or the nature of what’s required from start-to-finish changes greatly.
2. The key to getting a good salary is doing your research. Make sure you know the pay range for any position, experience, and education before applying so that when it’s time negotiate an offer with employers they will be impressed by what we can offer them!
3. It is never too late to ask for an increase. This could be in the form of a 3% or 6%. If you are seeking more than what’s average, then it would depend on why and how much higher that number can go up from there!
4. Show your boss the positive impact that a raise will have on team morale and employee productivity. Leave them with one page of evidence, so it’s easy for both parties involved in this conversation!

What should you not say when asking for a raise?

1. If you’re thinking about asking for a raise, there are a few things you should avoid saying. For example, don’t start by listing all the ways you’re working harder than everyone else. Instead, focus on your accomplishments and how they’ve benefited the company.
2. It’s also important to avoid phrases like “I need the money” or “I deserve this.” These make it sound like you’re only interested in yourself, rather than the company as a whole.
3. Try to avoid phrases like “I’m doing the work of five employees” or “I’ve been here for X years.” These statements may be true, but they make it sound like you’re expecting a raise just because you’ve put in time at the company.
4. And finally, don’t threaten to quit if you don’t get a raise. This puts your employer in a difficult position and could damage your relationship. If you keep these things in mind, asking for a raise can be a positive and productive experience.

How much should you ask for?

When asking for a raise, it’s important to keep a few things in mind. First, the average pay raise is 3%. That being said, a good pay raise ranges from 4.5% to 6%. Anything more than that is considered exceptional.

Secondly, it’s important to consider the length of time since your last raise. If it’s been a while, you may want to ask for a higher percentage raise than if you just received a raise recently.

Finally, when asking for a raise, be sure to have a good reason. The higher the percentage you request, the better your reason should be. If you keep these things in mind, you’ll be in good shape when asking for a raise.

Tips To Help You Get The Money You Deserve

1 . Tell Your Achievements For The Company

You can start by saying this, “It’s been six months since I joined the company, and I’m proud of what I’ve accomplished. In the past six months, I’ve increased sales by 20%, launched a successful marketing campaign, and successfully asked for a raise. In the past year, I’ve implemented a new customer service strategy that has resulted in a 50% reduction in customer complaints. And over my lifetime with the company, I’ve helped to build it into the thriving business it is today. I’m confident that my accomplishments speak for themselves and I hope that they’ll be taken into consideration when making decisions about raises and bonuses. Thank you for your time.”

2 . Provide A Handout To Your Boss

Your boss will have to share your request with someone else. Provide them a handout that summarizes the benefits of what you’re asking for, comparable pay ranges, and how much more valuable you are as an employee than other people who haven’t done a good job working here before!

You can do so by providing them with an outline along the following lines:

Dear [insert manager name],

I am writing to request a salary raise, as I feel that my contributions to this company have been invaluable. Over the past few years, I have worked hard to help drive the success of our team, and I believe that my contributions deserve to be recognized with an increase in pay.

Comparing my current salary with market averages, it is clear that I am underpaid when compared to other professionals in my field. Not only do I bring valuable skills and expertise to the table, but I also consistently go above and beyond in order to help achieve our goals as a team. Furthermore, our company would benefit greatly from investing more in me, as I have a proven track record of driving sales and developing new leads for potential clients.

If given this raise, I assure you that I am committed to making continued contributions toward the growth and success of our company. Thank you so much for considering my request, and I look forward to hearing from you soon.

Sincerely,

[Your Name]

3 . Do Research And Know What Competitive Salary For Your Position

If you’re considering asking for a raise, it’s important to do your research and know what a competitive salary looks like for your position. You can use sites like Salary.com and PayScale to get a free salary report and see how your current salary compares.

Be sure to consider the industry you’re based in, your employer’s size, and your benefits when you’re looking at the numbers. Some companies just don’t pay the amount to the employees, which is why it’s best to consult hiring experts when possible. If you have any connections with local recruiters, friends, and hiring managers (perhaps on LinkedIn), ask them if they would look at your resume to provide you with a real salary goal for your position and experience. Knowing what you’re worth in the market is the first step in asking for a raise.

4 . Tell Your Boss What You Have For Them

As a hardworking and dedicated employee, you deserve to be fairly compensated for your contributions to the company. In order to convince your boss that you are deserving of a raise, it is important to understand what’s in it for them. At the core of any salary negotiation is the benefit that your boss will gain from giving you more money.

You’ve already shown them what you can do for the company with your outstanding performance, but now it is time to talk about your plans for the future. Show your boss how investing more money in you will help the company grow and thrive. outline your goals, how achieving those goals will benefit the company, and how you plan to achieve those goals.

With this approach, you can make a strong case for why your boss should give you a raise, and hopefully, they will agree that it is well-deserved. After all, if they want what’s best for the company, they should want to invest in an employee like you who has proven themselves to be a valuable asset.

5 . Confidence Is The Key

Being confident is key when asking for a raise, as it can be intimidating to step up and make such a big request. But don’t worry, you have the support of your team behind you, along with all the research and evidence you have gathered about why you deserve this salary bump.

You may face some resistance or hear a “no” from your boss, but remember that these are just bumps in the road on your way to getting what you deserve. If your request is granted, make sure that you continue to work hard or even harder than before – after all, you know that you’re uniquely qualified for this position and this raise is well-deserved. So stay calm, be confident, and go get that raise!

Conclusion:

So, you’ve decided it’s time to ask for a raise. Congratulations! It can be a daunting task, but with the right preparation and mindset, you can increase your chances of success. Here are some tips to help you get the money you deserve.  

Asking for a raise is never easy, but following these tips will help make the process smoother and increase your chances of getting the pay bump you deserve. Learn more about achieving a six-figure income. Are there any steps we missed? Let us know in the comments section below or on our social media handles. And all the very best – we have faith in you!

earning personal finance raise salary

Abhishek Sachdeva