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Top 5 Ways to Ask For a Raise and Get It

Top 5 Ways to Ask For a Raise and Get It
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VOICE OVER: Lisa Yang
Script written by Savannah Sher

Asking for a raise at work is never easy! Here are top 5 tips for you in preparation of that raise you've been thinking of asking for! Remember to prepare a target number based on research. The very first step that you have to take when you start contemplating asking your boss for a raise is to do some research. Before you make your formal request, you should check to see how your current salary compares to others in similar positions in your industry. Remember to time your request. An ideal time is when you know you have a performance review coming up that you expect to receive positive feedback at. Most importantly, don't threaten to leave because that can burn important bridges down the line.
Top 5 Ways to Ask For a Raise and Get It
There’s always room for improvement. Welcome to MsMojo and today we're counting down our picks for the Top 5 Ways to Successfully Ask for a Raise.

For this list, we’re looking at five tips that will best ensure that you get the answer you’re looking for when you’re asking for a compensation increase at work.

#5: Prepare a Target Number Based on Research The very first step that you have to take when you start contemplating asking your boss for a raise is to do some research. Before you make your formal request, you should check to see how your current salary compares to others in similar positions in your industry. There are many websites that can help with this such as Payscale, salary.com and glassdoor. Once you’ve got some figures that prove that you’re being underpaid, you’ll have a better leg to stand on during your meeting.

#4: Time Your Request One of the most difficult things about asking for a raise is figuring out the best time to do it. While you may be tempted to ask for a compensation increase when you’re being overloaded with work and feel overwhelmed with how busy things are at the office- this isn’t actually the ideal time to make your request. When things are hectic in your job, your boss is probably having a similar experience - so you may want to wait until things calm down a little. An ideal time is when you know you have a performance review coming up that you expect to receive positive feedback at.

#3: Start Positive Something that’s important to keep in mind when you’re planning out your strategy for asking for a higher salary is to keep it positive. It can be as simple choosing the right wording and framing things correctly - rather than complaining about how your company has been piling extra responsibilities on you, talk about how you’ve taken those changes in stride and accepted extra work. It’s also good to talk about how much you actually like working for your company and how you’re looking forward to the years to come - letting your employer know that you’re committed to them.

#2: Don't Threaten to Leave One of the biggest mistakes people make when they’re asking for more money at work is implying that if their request isn’t heeded, they will quit their jobs. This can blow up in your face if they call your bluff and tell you that unfortunately you’ll have to find work elsewhere. Even if you ARE fully prepared to leave if you don’t get the compensation you’re looking for, it’s still best not to bring it up during the conversation because it can put you in a negative light. You should also never bring up personal issues, like how you need the extra money for a downpayment on a house.

#1: Let Them Know What You’ve Done for the Company At the beginning of the process, when you’re planning your approach, you should spend time making notes about the reasons you think that you deserve to be paid more for your current job. This could include making a list of your accomplishments since you started at the company and even the extra tasks you’ve taken on that may not have been in your job description. Depending on the industry you work in, it can be extremely helpful to show how you’ve actually made more money for the company with the work you’ve done. For any employer… it all boils down to results.
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