The Do's and Don'ts of Getting a Raise

The Do’s and Don’ts of Getting a Raise

Getting a raise is a stressful process, but it’s also one that you can manage and even control. Yes, you may not get everything you want in the end, but with proper preparation and strategy on your part, the probability of success will increase exponentially. Here are some tips to negotiate for a raise to make sure your request for an increase goes smoothly:

Do Your Homework

You need to know your company’s financial situation, performance, competitors, and industry to get a raise. You should also know your own undertaking, value and worth, skills, and accomplishments.

Negotiate Your Salary and Benefits Package as A Single Unit

The Do's and Don'ts of Getting a Raise

Negotiating your salary package as a single unit is the best way to secure a higher pay rate. You can use your current benefits package as an excuse for requesting a higher salary, or you can use it as an argument for asking for less money. For example:

  • If you’re looking for a raise, but you think that might be difficult because of the cost of living in your area, then talk about health insurance costs instead.
  • Or maybe some other things about your job make it hard for you to focus on work—maybe the commute is long, or there aren’t enough bathrooms? These could also be used as leverage when asking for more money.

Professional financial experts at Intuit comment, “Negotiating a raise doesn’t have to be intimidating. If you do your homework, know what you want, and are prepared for a professional conversation, you can reap rewards.”

Show how You Are Meeting Expectations

The Do's and Don'ts of Getting a Raise

One of the vital points is to show how you are meeting expectations. This means that if your supervisor asks you to work overtime or perform some other task outside of your regular responsibilities, you do it without complaining or making an excuse.

If the company has given you any projects that are directly related to earning revenue for them, then make sure those tasks get done on time and with quality control.

Use Specifics to Back up Your Request

If you want to make a compelling case for getting a raise, you need to back up your request with specifics. For example, if your boss asks why she should give you one, tell her that you’ve been meeting expectations and exceeding them in the following ways:

  • Show how your work has been reviewed positively by coworkers and clients alike.
  • Show that you have improved your skills or knowledge about the job.
  • Show how much money, time, and resources have been saved because of something that was done by you specifically.
  • Provide evidence showing how the company’s reputation has been improved because of something related to your work.

Prepare for The Possibility of A “no” (and Be Professional About It)

The Do's and Don'ts of Getting a Raise

It’s essential to prepare for the possibility of a “no.” If you get turned down, don’t take it personally or allow yourself to become angry or emotional. Don’t throw a fit, cry over spilled milk and make demands like: “If you don’t give me a raise, then I quit!” Instead, remain calm and professional about your decision.

Hopefully, now you feel confident in your ability to get a raise. You’ve researched and thought about the best way to approach your boss, yet be prepared for any negative response. So now it’s time for action! Go out there and get a raise—and do it with grace.