These six tactics can help you earn the raise you desire regardless of your age, occupation, or experience level.
1. Before requesting a raise, do some research and preparation.
Research is the first step toward obtaining the raise you desire. You should first learn about your company’s policies surrounding salaries (or hourly earnings) and raises because you will probably need to bargain and stand up for yourself. Your business may base employee compensation on wage or salary surveys or other predetermined standards.
2. Describe how you help the business.
Enumerate the things you have done for your team and the company. Giving specifics about your accomplishments and efforts is crucial to receiving the increase you are due.
3. Make a strong case for a pay raise.
A formal pitch could increase your chances of receiving a raise. A well-structured proposal strengthens your argument for a pay raise compared to a casual discussion.
4. Choose the appropriate time to request a raise
Your manager’s decision may be significantly influenced by the moment you choose to make your presentation.
Since your manager is already assessing your achievements, it makes sense to request a raise during your yearly performance review. You are in a good position to receive a wage increase if you are meeting your objectives. Additionally, you can notice a healthier raise if you exceeded expectations.
5. Continue until a decision is made.
You might have to wait for a decision to be made after making your proposal. That is typical. In order to examine your request, managers frequently require time to consult with the human resources department, review budgets, or obtain senior management permission.
6. If your request for a raise is turned down, react tactfully.
A strong offense is the best defense, as the saying goes. There are things you may do to better your chances the next time or at least secure some concessions if your request for a wage raise is denied.