5 Ways To Request For A Salary Increase.
Rita Babalola
5 Ways to Request for a Salary Increase.According to a recent survey by Glassdoor, 45% of people who quit their jobs attributed it to lack of a raise.
The talent war is such that only those with the right skills, qualities and competencies can negotiate what they want.
Most people get intimidated and feel it’s impossible to do this. The first thing is the mindset, I have coached several and it’s no brainer that once your result can do the talking, then half the task is done.
However, before you walk into that office and command the numbers you want, take a moment to consider these:
a. Have you consistently met targets and goals?
b. Did you rise to any new challenges that the company faced and over delivered on the task?
c. Did you subsumed other people’s work as a result of their exit?
d. Have you added any relevant skills that would impact on your job?
e. What can you bring on board this new year?
If you answer “yes” to at least three of these, then know, you can actually discuss a raise as no good organization wants to lose its talent.
Asking for a raise shouldn’t be daunting if you have done your homework well and made yourself indispensable.
You have two outcomes- your request is approved or you gain more experience on how to negotiate a raise with a win-win mindset.
How then do you ask for a raise?
📍 Research salary trends. Every job has a corresponding market value. Ask colleagues from other organizations.
📍List out your achievements in writing.
📍Choose the right time to ask.
📍 Set a meeting. It’s ideal to ask for a pay raise in person and in private. If you can avoid it, don’t ask for a raise in an email.
📍 Prepare what to say and rehearse your pitch.
📍 Remember the goal is to engage positively and not get aggressive.
📍Thank your boss. Regardless of how the conversation goes, thank he/her for the opportunity.
📍Send a follow-up email that summarises your conversation.
If this doesn’t work, then use another ace, do a powerpoint presentation of your last year’s performance.
If they reject your request for a raise, this email can serve as a record of the conversation. You may decide to request a raise again at a later date, and if you do, you can reference this email at that point.
c. Did you subsumed other people’s work as a result of their exit?
d. Have you added any relevant skills that would impact on your job?
e. What can you bring on board this new year?
If you answer “yes” to at least three of these, then know, you can actually discuss a raise as no good organization wants to lose its talent.
Asking for a raise shouldn’t be daunting if you have done your homework well and made yourself indispensable.
You have two outcomes- your request is approved or you gain more experience on how to negotiate a raise with a win-win mindset.
How then do you ask for a raise?
📍 Research salary trends. Every job has a corresponding market value. Ask colleagues from other organizations.
📍List out your achievements in writing.
📍Choose the right time to ask.
📍 Set a meeting. It’s ideal to ask for a pay raise in person and in private. If you can avoid it, don’t ask for a raise in an email.
📍 Prepare what to say and rehearse your pitch.
📍 Remember the goal is to engage positively and not get aggressive.
📍Thank your boss. Regardless of how the conversation goes, thank he/her for the opportunity.
📍Send a follow-up email that summarises your conversation.
If this doesn’t work, then use another ace, do a powerpoint presentation of your last year’s performance.
If they reject your request for a raise, this email can serve as a record of the conversation. You may decide to request a raise again at a later date, and if you do, you can reference this email at that point.
Source: https://www.nairaland.com/7801332/5-ways-request-salary-increase
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