Most of us have been in the situation of needing or wanting to ask for a raise at one time or another. The problem is that asking your boss for an increase in pay can feel nerve-wracking and it may be difficult to know how to approach them. You want to be respectful and yet convince them of your perspective in order to get the best results.
Don’t worry, it is possible to calm those jitters and increase your chances of success with a little preparation. Here are some key steps to consider:
Before the Meeting:
-Do your research: Know your worth! Research what the average salary is for your position in your area with your experience level. You can use sites like Salary.com or PayScale to get this information.
-Quantify your accomplishments: Make a list of your achievements and how they've benefited the company. Use specific numbers and data whenever possible. This will help you clearly demonstrate your value.
-Be clear about what you are asking: Decide on a specific raise percentage or salary figure you're aiming for. Be realistic, but confident in your request.
-Schedule a meeting: Don't just blurt out your request in the hallway. Schedule a specific time to talk with your boss when they'll have your full attention.
-Choose Professional yet comfortable clothing for the meeting. Dress for success!
During the Meeting:
1.Start positive: Thank your boss for their time and express your appreciation for your role in the company.
2.Focus on value: Clearly explain how your contributions have positively impacted the company. Use the data and accomplishments you prepared beforehand.
3.Be confident and professional: Speak clearly and directly. Maintain good posture, friendly demeanor and eye contact.
4.Be open to negotiation: Your boss may come back with a counter-offer. Be prepared to discuss and potentially negotiate, but be firm on your minimum acceptable raise (determine this in advance).Here are some additional tips:
*Be prepared to discuss your career goals: Express your interest in growing with the company. This shows your initiative and desire to stay long-term.
*Think about alternatives: If a raise isn't in the budget, be open to discussing other forms of compensation, like additional paid time off or benefits.
*Be polite but persistent: If your request is denied, ask for feedback on how you can improve your performance to qualify for a raise in the future.By following these steps, you can approach your boss about a raise feeling less nervous and more prepared and confident. (Be aware that no matter how well you present your request, the answer could still be no. Prepare your mind and attitude to accept that you must wait if need be.)
