Asking your manager for a raise can be stressful. In addition to money being a difficult subject to discuss, there is the risk of being turned down. However, going into the discussion with the proper research and information can improve your odds of receiving a pay increase for your contributions and results.
5 Tips to Implement When Asking For A Raise
1. Consider Your Timing
When the organization is healthy, and money is flowing, your manager will be more receptive to your request for a raise. If you can show you helped get the business to where it is, then even better. Similarly, find a time when your manager is having a good day. If they are particularly pleased with your performance lately, it is a great time to talk about increasing your income.
2. Make Sure You Have Support
When your manager has regularly praised your work, they are more likely to honor your request for a pay increase. So whether your manager tells you or others they are impressed with your contributions, they should be in favor of paying for the value you provide.
3. Research Your Salary Range
Find out how much others in your role and geographic area are making both inside and outside of the company. Conduct online research and talk with other professionals in your field to determine market rates for the type of work you do. Make a list of concrete ways your contributions and results put you at the level of pay you are requesting. Be sure your request for a raise is a specific number and within your company’s salary structure, so it is likely to be honored.
4. Document Reasons for Your Request
If you have been completing demanding assignments, filling in as a temporary manager, or taking on the responsibilities of a departing colleague, be sure to include these reasons why you are requesting a pay increase. Also, keep track of past reviews, positive feedback emails, and other sources that quantify your achievements. Include numbers, results, and anything else that shows you went above and beyond in the past year. When you take on responsibilities outside of your job description and achieve results beyond what was expected, you should move into a higher pay grade.
5. Know What to Do If the Answer Is Not Yes
Your manager may need to get back to you about increasing your pay. If so, find out what the next steps are and when you should check back. Or, if your request is denied, ask what it may take for you to earn a raise in the future. If you need to be promoted, ask what the steps are to make it happen. Then, decide whether you want to follow the path or move on to other opportunities.
Find Your Next Job in Minneapolis
If your manager does not give you the raise you deserve, work with The Right Staff to find a new role. Visit our job board to see what interests you. https://www.therightstaff.com/st-paul-minneapolis-employment-agency/