How To Ask For A Raise In 2020
Are you looking to ask for a raise at work? Perhaps you feel like you are not being paid enough for your work but hesitant to ask during these uncertain times. You would not be wrong in your hesitation to ask for a raise since many companies are not doing that great. With that being said, if you know your company is faring well and you have concrete examples of how you have contributed their continued success, now may be a good time to see about that raise.
Here are five things to think about when you ask for a raise
1. Be open
When you are thinking about asking for a raise, you want to also give thought to what you really value. Although more money is obviously your first objective, you may not get it. Depending on the company you work for, there are typically policies in place when it comes to pay ranges and certain job positions. Find out what those policies look like for your company before entering a meeting about a raise. Once armed with the correct information, be prepared to discuss what you need to do within your job to push you up to that next pay level.
In addition, a pay raise is great but don’t forget about benefits. If a pay raise is not on the table, what about more vacation time or flexible work arrangements. Continuing education is another great benefit to explore. Gain more knowledge in your field and that could be a way to get you that raise.
2. Pick the right time
Picking the right time to ask for a raise is just as important as preparing for the meeting itself. Her are some of the right times to ask:
- Annual performance reviews – Most companies do an annual performance review and it is the perfect time to ask for a raise since the topic is already about your performance.
- When an important project wraps up – Proving your worth through your work is the key to successfully getting a raise.
- Pick a time when your boss is in good spirits – The last thing you want to do is show up in your boss’s office asking for money when they just got chewed out by their boss.
3. Know how much to ask for
4. Practice beforehand
You need to practice sounding confident before asking for a raise. Confidence is key. Once you know how much to realistically ask for and you have your accomplishments rehearsed, you need to start practicing what you will say.
One of the best pieces of advice to practice when asking for a raise is to do it with gratitude. When asking for a raise through gratitude, it helps to create a positive atmosphere. When you show gratitude, you are telling your boss that you are not just in there for yourself. Practice what you are going to say enough times so that it flows easily.
5. Be ready to hear “no”
There is always the possibility that you may be turned down for the raise. Depending on the reason you are given, you need to think about what to do next. Are their reasons for rejecting your request correct? If so, ask them what you need to do to get the raise the next time it comes up. If their reasons are unfounded, perhaps it is time to change your job.