Money, money, money. We could all use a little more of it, primarily when we’ve held the same position for so many years, always on time, and trying our best to work throughout lunch break. But somehow, we are still paid the same paycheck. As frustrating as this can be, one can’t merely charge the office demanding a raise without some game plan. This needs to be planned and executed to the best of one’s ability. Here’s a list of everything you need to know before asking for a raise.
This may be the most critical part of asking for an increase in pay. If you are seeking a pay increase when you know the company’s finances are not in order (over budgeting, overspending, etc.), then the likelihood of a raise is slim to none. The best way to go about timing is to be aware of any upcoming company projects that would require extra funding or any personal performance reviews that would void your request. Company events that could cause tension in the workplace (annual company picnic, philanthropic activity, etc.) and lower your chances. Keep a close eye on that company calendar.
There is no need for a long drawn out explanation of why you deserve a raise. Just get to the point but tread lightly. Start by stating your desire to continue working with the company, your performance as an exceptional employee, and maybe even growth with your current position. Be persuasive and stern about the salary you feel you deserve. I would not encourage demands, just simple facts about your work, possibly comparisons between you and your other workers. Of course, express caution so that you don’t throw your coworkers under the bus.
Preparing for your speech shouldn’t be like rehearsing for a play but organic. You don’t want to sound like an automated recording. It would be beneficial to note the positive critiques given to you by other coworkers who may be in a higher position than you, any comments made about your overall career and position, along with what you believe to be your most contributing assets. These could be written in a small paragraph or bullet points on a notecard. They can be memorized, be wary of sounding like you are reciting a script. It’s best to keep the notecards at home or maybe at your desk.
The way you act, your posture and presentation are all factors that can either make or break your sale. Confidence is a very sought-after quality. You can’t easily waltz into the office and whisper that you want a raise. Your tone must be full of boldness. You must strut with confidence, sit with confidence, and speak as if you deserve the position more than any other. Be confident without letting your boss confuse it with arrogance. You should express as much gratitude as possible; not so much as being a teacher’s pet, but enough, so your employer is aware of your appreciation for being a part of the company.
Your Possible Rejection
Not to turn this note sore, but you should be aware of the possibility of being declined. If you happen not to get your raise, there is no need for theatrics. Do not cause a scene. You must be just as gracious with your defeats as you are with your victories. Make sure to prepare some closing thank you statement. Something along the lines of: “Thank you for your time.” Something generic yet sincere. Don’t forget, you must keep your integrity; you do still work there.
Take these tips with a grain of salt and confidently ask for a raise. Don’t count yourself out.
Show us the money! … Please.