If you believe you should be paid more for the work you do and want to do something about it, you have two choices: find a new higher-paying job or ask for a raise.
Both of these job choices can introduce new anxieties, but they’re each a gateway to new opportunities. We can certainly help you find a new job—but if you like your current employer and believe you can grow there, it’s often a good idea to ask for a raise. After all, your employer may not know you’re dissatisfied with your current pay until you speak up.
In this article, we’ll provide a step-by-step guide on how to ask for a raise, plus tips and scripts to help you prepare your own request.
How To Ask for a Raise?
The following is a simple step-by-step guide you can follow as you prepare to ask your employer for a raise.
1. Pick the right time to ask
It’s not uncommon to want a raise. In fact, in a recent Indeed survey, only 19% of people were comfortable with their rate of pay. However, when you do ask for a raise, you need to carefully choose your timing. Ask yourself these questions as you’re identifying the right time to ask for a raise:
How is the company doing financially?
If the company isn’t doing well, this is not the time to ask for a raise. As an employee, you may be aware of the company’s financial health. You should look for warning signs, such as cutbacks in spending or layoffs. Check the news for stories about your employer or industry. Do company research and look at financial reports.
Even if the financial health of the company is good, this research will be useful to you when you talk to your manager.
What is your manager’s workload?
If you know your manager is under a lot of stress or focused on too many things right now, it may not be the time to ask for a raise. Paying attention to your manager’s moods and identifying how to help them demonstrates a level of maturity that will be useful to mention in your conversation about compensation.
Read More: https://www.indeed.com/career-advice/pay-salary/guide-how-to-ask-for-a-raise