Your salary isn’t the only part of your compensation package, but it’s typically the most visible. If you’re interested in a raise, the best way to approach it is by putting together a solid argument for why you deserve it. This article will cover what to do and what not to do when asking for a raise, as well as the tips, tactics, and strategies that will help you succeed.
Start by researching your market value with tools like PayScale, Glassdoor, and Indeed. These will give you an idea of what other people in your position are earning, and will serve as a reference point.
When the time comes to ask, be ready to cite specific numbers and examples of your performance and impact. Using quantified data will help your boss visualize your contribution and make it more convincing. In addition, you may want to consider gathering qualitative feedback from coworkers and including it in your case.
Also, if possible, align your salary request with the company’s trajectory. If your employer is experiencing a strong revenue upswing, it might be the right time to ask. If not, you might consider arguing for non-monetary benefits instead, such as additional vacation days, flexible work hours, a bonus, or even a new title. Be sure to prioritize these types of perks, as they are often easier for companies to deliver than a bump in salary. In addition, they can keep your request feeling less demanding and more collaborative. How to ask for a raise