Many people feel intimated by the task of asking for a raise, even though it is necessary to growing in your career. Even if you’re new to the workforce, it’s important to lean how to value your skills and get the raise you deserve. With extra income, you can pay off student loans, save for retirement, or splurge on a few luxuries. No matter your level of professional experience, there are a few tools that can help you ask for a raise.
You’ll first have to have a thorough understanding of what value you add to the company. Some things to assess are your daily responsibilities, goals you’ve met, and income you’ve generated. Any ways that you’ve contributed to the company both inside and out of your job description can help you make your case for your worth.
The next thing to consider is the timing of the pitch. It can be effective to time your request after a major accomplishment, the end of a quarter, or with the acceptance of new responsibilities. In addition, while you can ask for a raise within your first year, it’s best to do this only if your responsibilities or expectations have increased.
Finally, you should prepare. This involves doing market research to see what others are making in similar fields with your experience. In addition, you should gather your argument and practice your pitch. This also means that you should prepare for every possible outcome. While most people who ask for a raise are likely to get one, be prepared to accept a rejection graciously. Remember, you can always ask again!