When you are starting your career, all you want is to learn. A majority of us start work with salaries that can barely pay for our lifestyles or the lifestyle we wish to have. But here’s the thing, you are a clean slate when you start working, and you are all set to take in as much learning as you can. It is almost like graduating but in a professional setup.
But after you have paid your fair share of dues, and worked hard for little money, you decide to do a quick value check and realise that you are worth more. The thing about getting a raise is that you often don’t get it unless you ask for it.
So how do you ask for a raise that you deserve? Here are a few tips that can help you.
1) Time it correctly
Many people make the mistake of asking for a raise at the annual review meeting, but you need to start at least three to four months in advance. Let your manager know what you are looking for, and make sure you have substantial growth exhibited in that time frame to make a good case.
2) Have a list of your achievements to pitch a raise
Ashwini Panchal, an HR professional advises, “Approach your manager with the highlights of your performance and achievements. If you have taken on more responsibility, upskilled, performed exceptionally well in your department—let your manager know you are seeking compensation that matches all of that.” The thing is that often your manager or your colleagues are not aware of the kind of work and effort you put into things. When asking for a raise, don’t be afraid to toot your own horn.
3) Know how much to ask for
Asking way more than what other employees get can seem arrogant to a manager unless you have been an exceptional star performer. Also, if you are simply asking for a raise, the percentage your company offers will be marginal. You can get a bigger bump by asking for a promotion as well, especially if you have already taken on responsibilities of a higher role.
4) Be careful about mentioning a counteroffer
Many employees mention a counteroffer and talk about leaving if they don’t get a raise. However, several studies suggest that even if a company stops employees from leaving by giving them a raise, they do so within a year. Your manager may stop fully trusting you and think you have one foot out of the door. There may be ego clashes, loss of opportunities and much more. So you will have to carefully analyse if mentioning a counteroffer would be wise. And if you do so, do it tactfully.
5) Take feedback
If you get a sharp no, instead of getting disheartened, ask for feedback. “Ask your manager what you can do to get a raise. Ask if the matter can be reconsidered after six months. If your company is not growth-oriented at all, it is only practical to start looking out for another job that is good with appraisals,” Panchal advises.
Also Read: What Is Imposter Syndrome And How To Free Your Career From It