How to Ask For A Raise: Essential Strategies And Tips

Admin

posted on 8 months ago — updated on 1 second ago

102
views

A recent study conducted by Payscale found that only 37% of employees have ever asked for a raise. The main reason? Fear of rejection or discomfort with | SUCCESS

Search ... Results See all results

Quick Links

SECTIONS

JOIN US

GET IN TOUCH

CONNECT

Instagram Facebook Tiktok Linkedin Pinterest X-twitter

Get SUCCESS® Magazine PLUS 80+ Hours of Exclusive Training (& More!) to Multiply Your Earning Potential SUBSCRIBE TODAY!

Save Up to 20% Before Oct. 2!

BOOKMARK Share

TABLE OF CONTENTS

A woman smiles at her employee while looking over a document.

A recent study conducted by Payscale found that only 37% of employees have ever asked for a raise. The main reason? Fear of rejection or discomfort with discussing money.

When feelings like these cloud our sense of self-worth, we might undervalue what we earn. But asking for a raise is less about getting money and more about speaking up for your contributions. It’s also about taking control of your career and getting the salary you deserve.

Whether you’re just starting your career or already have 30 years under your belt, it’s essential to approach this process the right way. That’s why we’ve created the following guide for employees of all backgrounds. Below, you’ll discover actionable, research-backed steps for boosting your income effectively and appropriately.

Timing is critical when asking for a raise. While the best opportunities often arise during performance reviews, there are other times you can make your case. Consider the following scenarios as green lights:

Knowing how much of a raise to ask for is hard, but research is your friend. Do some background work to get a sense of what would be appropriate. Research salary ranges for your position and experience level in your industry. Consider these factors:

Ensure you’ve done all your homework before going to your supervisor for a raise. Figure out exactly what you’ve done for the company and follow these tips on how to ask for more money:

After you request a raise, you might get one of three responses: a grant, a deferral, or a negotiation. It’s essential to prepare for both positive and negative responses. This way, you can be professional and achieve your desired outcomes.

If your request is approved, thank your manager and confirm the details. Ask what the timeline is for the raise to go through. How should you fill out paperwork? Is additional paperwork involved? Continue to perform well and set new goals to solidify the decision.

If your request is tabled, ask for feedback on improvement. Work with your manager to set shared goals and a timeline for reassessing your request. Keep the conversation upbeat and write down the discussion to reference later.

Occasionally, a raise might not be possible, but other rewards are. These could include extra vacation days, work-from-home flexibility, or a professional development budget. Make a case for why they’d be mutually beneficial and negotiate specific terms.

Negotiating different benefits can also set you up for success farther down the road. For example, you can use professional development benefits to create more value for your employer or help you qualify for a raise.

A request for a pay raise is part of your career strategy—not the whole thing. After your conversation, it’s essential to keep investing in your worth and building a long-term road map.

Requesting a raise requires meticulous preparation, polished performance, and professional handling of outcomes. Whether it is a raise, alternative perks, or a plan for future success, it feels great when you set an agenda to get what you deserve.

When it comes down to how to ask for more money, just know it’s as much an affirmation of your worth and potential as it is about receiving an equal share. Review your accomplishments, research salaries, and schedule that crucial conversation today. After all, few things in life are as rewarding as earning what you deserve.

Photo courtesy insta_photos/Shutterstock.com

5473 Blair Road, Suite 100
PMB 30053
Dallas, TX 75231

Save Up to 20% Before Oct. 2!

Unlock the Latest Knowledge that Can You Help You Achieve More in Life with More Confidence

Print and Digital Options Available

Oops!

You’ve reached your limit of free
articles for this month!

(plus get access to hundreds of resources designed
to help you excel in life and business)

Please enter your username or email address. You will receive an email message to log in.

No, thanks, I’m not interested in personal growth.

Plus, get access to daily inspiration, weekly newsletters and podcasts, and occasional updates from us.

By signing up you are also added to SUCCESS® emails. You can easily unsubscribe at anytime. By clicking above, you agree to our Privacy Policy and Terms of Use.

Please enter your username or email address. You will receive an email message to log in.

Get unlimited access to SUCCESS®
(+ a bunch of extras)! Learn more.

Please enter your username or email address. You will receive an email message to log in.

The exclusive article you’re trying to view is for subscribers only.

(plus get access to hundreds of resources designed
to help you excel in life and business)

Please enter your username or email address. You will receive an email message to log in.

https://www.success.com/how-to-ask-for-a-raise/