Asking your boss for a raise can be an incredibly nerve wracking ordeal. However, if you do some preparations beforehand, it doesn’t have to be. When you’re feeling underpaid for your position and want to petition for a bit more money, consider using these tips to do so.
Keep the lines of communication open with your superiors. Let them know ahead of time that you would like to talk to them about a raise. Make your intentions clear and carve out some uninterrupted time where you can discuss things. Feeling caught off guard or unprepared is not how either of you want to broach this potentially sensitive subject. Your boss will appreciate the advanced notice and the courtesy of the gesture goes a long way.
Know your Worth
Do you know your worth? It’s going to be difficult for you to ask for a raise if you don’t know how awesome you are. Be confident as you explain to your boss exactly why you deserve a bump in pay. Keep a list of all the ways you excel at your job and add value to the company. In addition, use language that is a bit more assertive. For example, saying ‘I know’ instead of ‘I think’. Most importantly, don’t be too nervous. The worst thing that can happen is your boss tells you ‘no’. If you happen to get rejected, know that it doesn’t diminish your value or hard work. Be confident enough to ask again down the road.
Do your Research
Before you set up an appointment to talk with your superiors, do some research. Ask your coworkers what they are making or google the ‘median pay’ for your job title/description. Additionally, reach out to the HR department for help as well. An article written by Marie G. McIntyre for CNBC.com, “Talk with your HR manager to learn more about compensation policies, increase practices, and salary ranges.” It’s important to gain as much information as possible regarding salaries so that you can be realistic in what you’re asking for.
Emotions have no place in raise negotiations. Keeping your feelings in check is crucial. Should your boss have any objections, you will need to keep a cool head in order to respond appropriately and respectfully. According to an article written by Stacey Lastoe for themuse.com, “When walking into your meeting, don’t bring in subjective, emotional reasons you deserve a raise. Instead, come forward with measurable results. Think about the dollars, the percentages, and the numbers you have either saved or made for the company. Think about what your measurable performance goals are—how did you stack up?” Facts and data are an easy way to prove your worth to your boss.