Asking for a raise can be a daunting task, but it doesn’t have to be. In this blog post, we share 4 ways to help you approach the conversation with confidence!
Asking For a Raise Tip 1: Change your mindset about money.
It’s important to recognize that your skills and talent are worth more. Before you can convince your employer, you need to convince yourself. A practical way to do this is to journal about your fears and discomfort when it comes to talking about money. Also try to understand why these fears exist so that you can renew your thinking about money.
Asking For a Raise Tip 2: Do your research.
Secondly, it’s important to do your research. Knowing the industry benchmarks for your role, the industry you’re in, the company you received an offer from, and the specific role you’re applying for will give you an upper hand in the negotiation. There are plenty of resources available online, such as the US Bureau of Labor Statistics or Canada’s Job Bank, that can provide you with information on median wages and expected trends in your field. Websites such as Pay Scale and Glassdoor can also provide you with valuable information.
Asking For a Raise Tip 3: Don’t compare yourself to others.
Recognize that the reason you want a raise is not because your colleagues may be earning more, but because you are worth it. Take time to prepare for the conversation by writing down your key achievements, being specific, quantifying your accomplishments and speaking to the impact you’ve made. You can even present a document detailing your accomplishments to support your case.
Asking For a Raise Tip 4: Timing is everything.
Consider the budget cycle, performance review or even the mood of your manager before having the conversation. Be confident when you step in, but also be prepared to negotiate and follow up if the answer is not immediately yes. Remember, even if the answer is no, you can always revisit the conversation in the future.
By following these tips, you’ll be able to approach the conversation with confidence and make a strong case for why you deserve a raise. It’s important to remember that asking for a raise is not only about the money, but also about recognizing your own worth and value as an employee.
