How To Get a Raise: 10 Tips To Prove You Deserve a Raise at Work

Lets face it, conversations surrounding money, especially asking for more of it, can be rather awkward and intimidating. But what most people dont realize until much later in their careers is that you arent automatically going to get a raise for doing a good job. Sometimes you will — but not always.

“Theres this strange dichotomy in the American workforce where were supposed to hustle and work hard which is ingrained in us from K-12 and onwards that we need to be hard workers,” said Anna Camp, a senior student specialist at George Washington University. “Then theres this disconnect,” Camp said, where workers arent asking questions, they arent asking for better wages or better work environments for themselves.Anna Camp, senior student specialist at George Washington UniversitySource: Anna Camp

Some people think it could jeopardize their job or their standing in the company if they ask for more. In fact, though, the worst outcome is that the boss will say no, while they gain in respect for their confidence and assertiveness. The best that can happen is that the employer agrees with you and, if there is money in the budget, youll get that raise.

3. Be mindful of the timing. If its a tough time for the company, your department or your boss, it might be wise to wait for when conditions improve. That will increase your chances of getting a raise, whether its the full amount you are asking for or a portion of it.

4. Be gracious but proactive if you dont get it. If you ask for a raise and you dont get it, you can do two things: 1) Ask what else you can do — maybe take on more responsibilities; or 2) Ask them to consider a bonus, extra vacation days or something else that you really want. They may not have the money in the budget, but if they want to keep you, there are other things they can offer you as a compromise to keep you happy.

Some good news: With inflation running rampant in the United States and the Great Resignation in full swing, a lot of companies are increasing their salary budgets. The median total salary increase budget is projected to be 3.5% in 2022 up from a 3% rise in 2021, according to the Conference Board. Some companies automatically give small raises to employees annually of around 2% to 3% to account for the increase in cost of living.

If a worker is asking for an additional merit increase in salary, Cox said he wants someone willing to put in the time and research into presenting a convincing argument. “I would be inclined to raise someones salary if their job function has changed and they are essentially promoted into a different realm of money. I would want to see data about what the market is bearing and what their peers make,” he said.

In 2019, Karl Melchior, a graduate student at American University, took a job at the Mike Cairns Environmental Sustainability Program at West Nottingham Academy, where he assisted with sustainability programs and promoted ecologically positive curriculum. After about a year in the position, he decided to pursue a salary increase.Karl Melchior, a graduate student at American University.Source: Karl Melchior

″College Money 101″ is a guide written by college students to help the class of 2022 learn about big money issues they will face in life — from student loans to budgeting and getting their first apartment — and make smart money decisions. And, even if youre still in school, you can start using this guide right now so you are financially savvy when you graduate and start your adult life on a great financial track. Christiana Corporon is a two-term strategic content intern at CNBC Councils. She is currently a student at George Washington University. The guide is edited by Cindy Perman.

10 tips to help you get a raise at work
  1. Take initiative.
  2. Maintain a positive attitude.
  3. Keep learning.
  4. Set goals for your career.
  5. Set reasonable expectations.
  6. Schedule a meeting.
  7. Communicate clearly.
  8. Be patient.

Barbara Corcoran Explains How To Ask For A Raise

Why is proving you deserve a raise important?

To earn a raise, you may have to prove to your boss that you are worth the additional investment. Most employers understand the importance of maintaining a team that feels satisfied with their job and valued by their company. By taking steps to convince your manager that you are a valuable asset, you can ensure that they think of you the next time the chance for a promotion or raise arises.

10 tips to help you get a raise at work

In most cases, this is how to get a raise at work:

Take initiative

Look for ways to anticipate the needs of both your boss and your team. This will show upper management that you are competent, self-motivated and an asset to the company. Additionally, your supervisor will appreciate any help that improves the efficiency of the office and makes their job easier.

Maintain a positive attitude

Its important to develop positive relationships with the people that you work with to create a happy and fun work environment. Employees that radiate positivity are often recognized by leadership as essential team members that have a lasting impact. When you are kind to your colleagues, you are essentially creating allies that can vouch for you if and when you are considered for a promotion or raise.

Keep learning

Take advantage of opportunities to develop your skill sets and expand your knowledge, such as:

By continuously learning new things, you can prove your worth and demonstrate your commitment to bettering yourself personally and professionally. Your company may even offer to pay for the expenses related to these opportunities if its related to your industry or job.

Set goals for your career

Another great step toward earning a higher paycheck is to take time to evaluate your career path and establish goals. Once you have a clear idea of where you hope your career ends up, you can begin taking intentional steps to achieve these goals. This is important because although hard work is deserving of a raise, motivation, commitment and clear-cut objectives can help you accomplish your immediate goal of earning a raise.

Set reasonable expectations

Schedule a meeting

Allow your boss to properly prepare for the conversation by scheduling an official time to discuss your career growth. Find a time that works for both you and your manager, and make sure they know your intentions and expectations for the meeting beforehand.

Communicate clearly

Employers are often responsible for managing several tasks and a large group of employees, so they may struggle to monitor each employee as closely as theyd like. In many cases, they may not realize that you are unhappy with your current income unless you explicitly say so. Be straightforward with your supervisor, and let them know the work you have been doing and how you feel about it.

Be patient

It may take some time to receive a pay increase, even after you have asked for a raise and have put in the work to demonstrate your value. Remember to practice patience as your boss considers your request. After all, they may need to get approval from other parties before they can make an official decision.

Pick the right time

Even if you have been working hard and proving your worth every day, sometimes the timing can keep managers from recognizing your performance with a pay increase. For example, many companies consider raises after one or two years of employment. Here are some effective times to ask for a raise at work:

Get endorsements

Another effective way to show your supervisor that you deserve a raise is to ask your colleagues to pass on some recognition of your skills and abilities. Whether the individuals work with you daily or collaborated with you on one project, having others endorse your work is a powerful indication of your value. You can ask them to do this by calling your manager, sending a memo or writing them an email. Either way, their feedback may impress your manager and give them valuable insight that proves that you deserve a raise.

FAQ

What is the best way to ask for a raise?

Our 8 Best Tips on Asking For a Raise
  1. Collect All the Positive Praise You’ve Received Since Your Last Performance Review. …
  2. Always Bring Data + Numbers. …
  3. Consider What You’ll Bring to the Team in the Coming Year (and Beyond) …
  4. Think About Why Your Boss Would Want to Give You More Money + The Time of Year.

Can I ask for a 20 percent raise?

It’s always a good idea to ask for anywhere between 10% to 20% higher than what you’re making right now. You may be able to ask for more based on your performance, length of time with the company, and other factors. Make sure you come prepared when you negotiate your raise and be confident.

What qualifies me for a raise?

Giving a raise to employees shows that an employer recognizes their hard work. An employee’s loyalty through her length of service may constitute a raise. Employees who generate revenues for the company or increase the company’s bottom line may also be worthy of a raise.

What should you not say when asking for a raise?

Avoid these 5 phrases when asking for a raise—and what to say instead, according to a salary negotiations expert
  1. 1. ‘ More money’ …
  2. ‘I think I deserve this because…’ What to say instead: “I deserve this because…” …
  3. ‘I was hoping for…’ …
  4. ‘I’m going to have to go to the competition…’ …
  5. ‘Thanks, anyway…’

Related Posts

Leave a Reply

Your email address will not be published.