It might be nail-biting to ask for a raise, and it can put your manager on the spot. However, if you prepare correctly for a salary talk with your boss, you might be surprised by the outcome and how smoothly the process can go.
As an employee, you have an upper hand when it comes to requesting a raise from your employer if you know your worth and prepare yourself for the “why” questions that will come up in the meeting.
Sure, expect your employer to ask you why do you think you deserve a raise in your salary.
TIPS TO HELP PREPARE YOU FOR A RAISE REQUEST…
1)BE YOUR OWN ATTORNEY
Only you are aware of each accomplishment at work, and it is your responsibility to demonstrate your accomplishments and value to your boss when requesting a raise.
Understanding that you need to look at yourself as your own customer is the first step in learning how to advocate for yourself in the workplace,” is key to selling yourself so high. You are your own representative, and no one at your workplace will have your back the way you need it.”
You should not be scared of asking for what you require. Your institutional knowledge, experience, and loyalty should be valued as the extremely precious commodity that any business would strive to maintain.
A company with a solid culture and value system will not be willing to lose you over a few thousand bucks a year as long as you are good at what you do.
2)BE AWARE OF YOUR WORTH
You should figure out what a pay range aim should be, and search both by the company and by title to get a sense of the specific corporate pay range and compare it to averages for roles and titles.
Remember to keep your location in mind, if You reside in kebbi state Nigeria, and the pay scale there isn’t as high as it is in some of the larger areas like Lagos or Port Harcourt, “this process isn’t flawless, but it’s a start.
Always offer facts as to why you deserve a raise first, this I recommend.
Don’t begin by saying, “I’d like a raise.” To begin, consider what has changed (e.g., completing college or getting a certificate). Then, and most importantly, explain how this change will benefit them. ”
When asking for a raise, I recommend having two numbers in mind:
- Is your desired sum equal to 20% of your present salary? Thirty per cent?
- If that’s your ultimatum, the lowest amount you’d accept without quitting.
3)PREPARE FOR THE “WHY” QUESTION
It’s critical to prepare for your manager’s meeting.
Make a list of talking points, “Can you tell me why you’re asking for a raise now?” What is your price range? Would you accept company equity, greater vacation time, a better title, or the option to work from home in exchange for more money?”
Also, how are you going to show that you deserve this raise, that your work is directly responsible for the company’s success in any way?.
Can you give examples of projects or large clients? Are you creating a personal brand in the industry? Before you talk to the boss, print out the emails and texts, write down talking points, and practice your pitch.
Also, you need to prepare a presentation as though it were for a client.
Make it more of a showcase of your body of work. Your boss will be impressed, and it’s difficult to dismiss someone who has clearly done a great deal.
4)ASK AT THE RIGHT TIME
I will strongly advise you to always manage your timing when asking for a raise.
Remember, your boss is human, too. As a result, attempt to empathize with them when it’s the appropriate time to contact them about a raise. You don’t want to catch someone on a bad day or when their stress levels are sky-high.
Get a sense of it. If you’ve been doing well and your employer has recently expressed satisfaction with your work, this is an excellent moment to ask!
Also, try to figure out how your business is performing financially. When your company has just received a huge deal, it’s certainly much simpler to get a raise than when they’re struggling. Consider the implications of your request for management.