Asking for a raise can be nerve-wracking. But, if you believe you deserve it, you gotta go for it! Because working a job where you think you are being unfairly paid will only result in job dissatisfaction and you’ll be worse off in the long run. This article covers how to ask for a raise, and actually get it.
- Know your worth. This asks the question; do you actually deserve a raise? If you perform your duties well, over-time you would have earned a raise. Because as you acquire more experience, you deserve to be paid for it. If you are performing duties outside your job description or duties suited for a position higher than yours, it’s time to reevaluate. You should be paid for the job your doing. Which brings me to my second tip…
- Do your research. Now that you’ve determined you are not being fairly compensated, its time to find out how much the job your doing actually gets paid. The U.S Bureau of Labor Statistics has a great occupational outlook handbook you can use as a starting point. There they have national median pay, job duties, and required certifications for specific jobs. This can help you understand what type of job you may be performing and the range it should be compensated. But, always check your local salary average because a data analyst in San Francisco may be paid more than one in Kansas due to the cost of living in these areas. You can also always check out job postings for the type of job you are doing and see how much they are being offered.
- List it out. Make a list of reasons why you deserve the raise, consider this your ‘rough draft’ of the conversation you will have with your manager. In this list include your strengths and accomplishments within your company. You also want to include the tasks you perform that are outside your job description.
- Know what you’re asking for. How much of a raise do you deserve? 3%? 6%? My advice is to go in knowing what you want and think is fair. Use your research from tip #2 as backup.
- Prepare to negotiate. You may face some resistance from your employer when asking for a raise. This is understandable, of course. But don’t let this immediately discourage you and backdown. You’ve determined you deserve to be paid more, so see if through. If I think a 5% raise is fair I would go in asking for 6% if its still reasonable. Then, if I am counter-offered 5% I would take it. Now, you don’t want to ask for some ridiculous amount, you need to be taken seriously and like you know what you’re talking about. But giving yourself a little wiggle room for negotiation is a good idea if possible.
- Do it. Okay, its go-time. You’ve done your homework, you know why you deserve a raise and how much you should be paid. It’s time to do it! When the time is right; maybe you have weekly 1:1’s with your boss or ask to set up some time to talk. Start with why you like working there, how much you’ve grown, and then let your manager know you want a raise and why.
I wish you the best of luck! I mentioned before how nerve-wracking asking for a raise can be, but hopefully after following these steps you feel more confident and more sure than ever that this is the right move! Now go get PAID.