Show Me the Money: How to Discuss a Raise with Your Boss
The idea of sitting down with your boss and requesting to be given more money may make you feel anxious, but it doesn’t have to be an awkward interaction in order to advocate for yourself. Check out these tips on how to discuss a raise with your boss:
Be Prepared
Make the most compelling argument possible for you deserving more money by being prepared. Compile any major achievements with supporting metrics to highlight your performance. Also, collect positive feedback you have received from higher-ups, clients, or any other relevant sources to make it clear you are respected and appreciated by others.
Know What You Want
To make a discussion regarding a raise productive, you need to have a clear number in mind. Know what you want by researching current market salary trends for your industry, role, geographic location, experience, and any other relevant factors. This can give you an idea of how much of an increase is a realistic amount for which to ask.
Make It Objective
As you determine the basis of your stance that you are deserving of higher compensation, it’s crucial to make your reasoning as objective as possible. Focus on your high performance, additional responsibilities you have taken on, and positive differences you have made. Avoid bringing up how long you’ve been there as the main reason or anything having to do with your personal or financial obligations.
Practice Your Pitch
Although you don’t need to follow a word-for-word script, having an outline and key points prepared will ensure you are able to deliver your message in a concise but informative manner. Start out with a statement on your strengths, then go into your metrics/positive feedback on your performance and strengths, and then segue into asking for a specific raise based on your market salary research and the case you made on the value you bring to the role.
Schedule a Conversation
A topic like asking for more money is not something you want to discuss on a whim. Schedule a conversation with your boss regarding your performance so you can have dedicated time to talk it through. When you reach out to schedule the meeting, let them know it’s regarding your performance so they can be prepared as well.
Find New Opportunities
Are you ready to pursue a new role? Team up with PrideStaff Akron! We work with employers in the Akron area for their hiring needs, and can match you with the job opportunities that are the best fit for you. Search our database of current available jobs.
