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The conversation for asking about your salary raise requires careful preparation and a clear understanding of your value within the organization. Many of us grapple with questions for suitable timing and how to effectively convey their worth without seeming demanding, so here are some steps to consider:

Do Your Research

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Open your laptop or your phone and do your research about industry standards and salary benchmarks. Investigate the average salary range for your position as per your location on trustworthy sites like Glassdoor and Payscale.

More than that, you also need to research your own company's compensation structure and policies. Some companies may have transparent salary bands, while others may determine compensation based on performance, market rates, or a combination of factors.

Evaluate Your Contributions

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Take a comprehensive look at your work, accomplishments, and the profits you have brought to the company. Did you increase sales by a certain percentage? Focus on measurable results that benefit the company.

Highlight instances where you went above and beyond your regular duties or took on additional responsibilities. These things will showcase your ability to think critically, make decisions, and implement effective solutions.

Practice Your Pitch

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Consider writing or making up your mind on how you are going to portray your intention. Speak your pitch to yourself in front of a mirror to work on your delivery and body language. Pay attention to your tone of voice and facial expressions.

You can also ask a trusted friend or colleague to play the role of your manager and provide feedback on your pitch. This can help you identify areas for improvement and get comfortable responding to questions.

Prepare for Counteroffers

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When you initiate the conversation about higher compensation, your employer may present you with a counteroffer, which could be tempting but is important to consider carefully. Prepare clear and concise arguments that showcase your achievements and justify your raise request.

The company might ask for time to discuss your request internally. Set a clear timeframe for a response and prepare to follow up professionally if needed.

Choose the Right Setting

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Respect the time of the person you are meeting with. Schedule a formal meeting with your supervisor or HR representative to ensure you have their undivided attention. A relaxed environment can contribute to a more positive atmosphere.

If your company has designated performance review periods, discussing your salary alongside your performance appraisal can be strategic. This natural timing can make it easier to initiate a conversation about your compensation.

Start with Appreciation

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Acknowledge the positive aspects of your job and the support you have received from your colleagues and supervisors while asking for a raise. You can reference the company's values or mission statement and express alignment with these principles.

Example:

  • "I want to begin by expressing my sincere gratitude for the opportunities and experiences I have had during my time at [company name]. I have learned a great deal and have truly enjoyed contributing to the success of our team."

Showcase Your Value

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This is your chance to communicate your value and experience that make you an asset to the team. Brief them on the record of your achievements throughout the year in a form or document or even a portfolio.

Use measurable metrics to highlight your accomplishments. Whether it is increased sales, improved efficiency, or cost savings, quantify the impact of your contributions. Numbers provide tangible evidence of your value.

Connect Impacts to Positive Outcomes

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Explain how your involvement added value to the company, solving problems, driving innovation, or contributing to the overall success of the project. It is essentially demonstrating the direct value you bring and how your contributions translate into tangible benefits.

Have you improved the efficiency or productivity of the company? Show how your actions shortened turnaround times or saved the company resources. Keep this short and explain how your increased compensation would further motivate you to achieve even greater results and contribute even more value.

State Your Request

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Be confident and state your intention in a very positive tone. Briefly mention your commitment and dedication to your role, as well as any recent accomplishments that demonstrate your value to the company. This sets the stage for why you believe a raise is justified.

  • For example, you could say, "I would like to discuss my current salary and the possibility of a raise."
  • You can also clearly articulate the specific amount or percentage increase you are seeking. For instance, "I have thoroughly researched industry standards, and I am requesting a [specific amount or percentage] increase in my current salary."

Don't Threaten

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Threatening for a salary raise is the worst approach you can take when negotiating for higher compensation. It damages your professional image, weakens your position, and is unlikely to produce the desired outcome. Threats put your manager on the defensive and create an adversarial atmosphere.

If you have offers from other companies, it strengthens your hand in negotiations. Be prepared to share them, not as ultimatums, but as leverage to demonstrate your market value.

Be Open to Negotiation

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If your boss agrees to a follow-up, plan a brief and respectful check-in. This could be a few days before your scheduled meeting or at a time that aligns with their decision-making process.

Politely ask for a timeline on when you can expect a decision. Don't be demotivated if you don't get your desired raise, consider asking for specific feedback on how you can improve your value and position yourself for a future discussion.

Consider Non-Monetary Perks

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Financial compensation is important but various alternative benefits can significantly enhance your job satisfaction and overall well-being. Be open to discussing alternative solutions including perks of work like phased raises or performance-based bonuses, while still emphasizing your preferred offer.

Negotiate for extra vacation days or the flexibility to take unpaid leave if needed. Having more time for personal or family obligations can be a valuable benefit. Opportunities for training, mentoring, and participation in conferences can equip you with new skills and broaden your professional horizons.

Follow Up in Writing

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Give your manager at least a week or two to consider your initial request after your conversation. If three weeks pass without any update, a gentle reminder is appropriate. It can be an email with the following format:

  1. Subject line: Make the subject line clear. For example: "Follow-Up on Salary Discussion."
  2. Express gratitude: Start the email by expressing gratitude for the time and consideration given during the salary discussion.
  3. Confirmation of details: Clearly outline the key details discussed during the meeting.
  4. Reiterate Your Commitment: This is the section where you have to reaffirm your commitment to your role and your dedication.
  5. Closing: End the email with a courteous closing, such as "Thank you for your understanding and support" or "I look forward to continued collaboration."

Be Prepared for Various Outcomes

Shifting your mindset from solely expecting a raise to considering alternative outcomes allows you to stay positive and solution-oriented. You can discuss alternative solutions, express your continued commitment to the company, and maintain a productive relationship with your manager.

Even if the company does not consider a raise, be prepared to show your manager that you have carefully considered the conversation and long-term career development, not just an immediate financial gain.

Best Example on How Do You Ask For A Raise

Example Script:

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Alternatives Ways You Can Get Raise Without Saying

Well, there is no mantra for this. You have to do your work perfectly and prove to yourself that you deserve a raise. Here are some options to consider, without explicitly requesting a raise:

  • Take on additional responsibilities: Volunteer for challenging projects or initiatives that showcase your skills and potential for growth.
  • Master new skills: Acquire new skills or certifications relevant to your role, boosting your expertise and demonstrating commitment to career development.
  • Exceed expectations consistently: Deliver consistent high-quality work and go above and beyond your regular duties. Quantify your accomplishments whenever possible.
  • Network within the company: Build relationships with key decision-makers and influencers within the organization.