Asking for a Raise Is Not That Hard!

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Are you thinking about asking your boss for a raise? Here's why you should be confident and seize the opportunity!

According to my parents, in their day, working hard was all that was necessary to get what you wanted.

In today’s world, this no longer applies.

For example, my parents did well in high school--meaning they got good grades, and if they were lucky, a good score on their ACT/SAT. These two things were enough to get them into the college they had their eye on. Today, high school students have their plates not only full of school and studying, but also overflowing with sports, extracurricular activities, volunteering, and post-secondary coursework to complete before they even begin college. These larger-than-life efforts have spilled over into college as well as post-graduate work life.

Gone are the days (were they ever around?!) where you received a raise when you felt you deserved one.

So, how do you ask for a raise?

As someone who has been in the workforce for 7 years, and has increased my starting pay out of college by a total of 125%, I have some good tips on how to do this politely and tactfully!

1.  Keep track of your past accomplishments and efforts.

Keeping track of your accomplishments is so important, yet so many people have a hard time looking back and remembering everything they have done that has contributed to their company.  As projects are completed and goals are met, record them!  DO NOT WAIT.  Also record your efforts, even if the end project didn’t pan out how you or your manager wanted it to.  It’s great to be able to list achieved goals, but discussing efforts and how you learned from them shows your manager and the company that you may be growing as a contributor to the company at large.

2.  Know your worth and be confident. 

In many cases, your confidence absolutely can make or break you receiving that big raise.  Many of my friends feel so nervous and doubtful when asking for a raise, and my main question for them is, “Why?”, especially when they have a long list of amazing qualities, great accomplishments and efforts.  Always remember the worst thing that can happen is you hear a “no.” Remember, the conversation should be just that – a conversation!  Be confident in your opinion, but also ask your manager what he or she thinks!  This demonstrates that you not not only value yourself, but also value your manager's opinion. In addition to boosting your confidence, do some research on what others are receiving in your same role and location.  Head to salary.com to start your search!

3.  Timing is everything. 

Did you just finish a large project? Or just celebrate your 1st, 2nd, or 5th-year anniversary? If you answered yes to these questions and already feel that you deserve a raise, now might be the time to ask!  Is it also a good time to ask for a raise if your company just laid off colleagues due to budget cuts? Maybe not. When projects have recently wrapped up and goals have been met, it might seem easier to discuss recent accomplishments for you and your manager, as they should be fresh in both of your minds! Be confident and seize the opportunity.

Written by Kendall Jackson

This blog post is from the Author's perspective and doesn't speak for brightpeak financial. Contact brightpeak if you want to know more about brightpeak products, and keep in mind that they are not available in all states and there are some limitations (some exclusions and restrictions may apply).

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