Do you know an employee asking for a deserved raise is something that shows initiative? Additionally, a good boss won’t take offense. Because it’s better for a great employee to ask for a raise then to up and quit and work for a better-paying competitor from a boss’s perspective; especially if they would have paid the raise if asked. But, there’s a wrong way and a right way to ask for a raise; and timing is important. So below are some things to think about if you are the employee asking for a raise:
- Do a self-assessment: Think about your performance at work; are you quiet or in the limelight? Does your boss know of anything that you’ve personally contributed to on a project? Are you an essential part of your team? Would your absence make any difference? Unless you have some accomplishments under your belt then, you may be overreaching.
- Know your value: After doing your self-assessment and feeling positive about it, then move ahead and find out what the pay should be for someone in your position at the office. Find out what other employers are paying their employees who have the similar experience and credentials to yours. This can be found out online.
- Bring proof of your value: What have you done at the job to increase your value? Have you boosted sales, completed a project which expanded the market? Found a way to increase the reach of social media? Have documentation ready and keep it updated monthly until you need it for your pay raise interview.
- Watch your timing: Time your raise request during the time of the year that evaluations are given to employees, even if you’ve been there for less than a year, but you’re not so new that it is inappropriate. Here, you have the boss one-to-one too, and the subject of a raise deals with your job performance, so it isn’t an out of the blue request additionally. So if you can prove that you’ve done an outstanding job, go ahead and ask. Just remember, if the company is having a financial downturn for the year, your timing may be wrong.
- Prepare an alternate suggestion: If the company you’re working for isn’t giving raises, suggest an alternative request. Suggest an alternative such as flexible working hours, a four-day week with the same hours worked per week, unpaid time off when needed or extra vacation time. Your employer may not have thought of these as an alternative to a raise.
- Make an appointment with your boss: After you’ve made an appointment with your boss, start preparing yourself. Just causally discussing a raise isn’t professional either. It looks as if you don’t take things seriously. By taking time and being prepared, it shows your boss that you’re serious about where your career is too. It may make all the difference.
What not to do if you want a raise
There are several things not to do if you are planning on asking for a raise. Here, how you present yourself at work, and your demeanor is important for your career growth. It’s just as important how others perceive you as is your work performance too. So, if you’re sitting with a group of co-workers on break or at lunch, don’t bring up salaries or individual performance ratings to try to get a feel on what others are being paid as a comparison. It’s a tacky technique and can hurt the professional image you want to portray.
Also, don’t compare what you’re paid to what others are paid. It’s irrelevant because companies evaluate salaries on the individual’s job performance and you look grasping. When you ask for a raise, it should be based on what you have done for the company then, what your skills are and what kind of contribution you’ve made to make the company a better place.
What to do if you don’t get a raise
If after all this, you don’t get the raise, now what? There are several options for you to choose from. You can work on the reasons why you didn’t get a raise. Perhaps you need to try harder in different areas or improve yourself in other ways before asking again. Or, you can change employment and switch to another job if you aren’t going to be happy where you are now. Or, you can get a side job to cover what you were expecting to make with the raise that you didn’t get if it doesn’t violate a company policy.
Just remember before you ask, be prepared.