How To Request A Salary Raise?
We are in a period when salary increases are on the agenda. According to the raise rates, some employees will evaluate new job offers while others will present their salary expectations to the management. The question “Is it more logical to start a new job search or to negotiate a salary?”. Before you make a career change decision, it is a better choice for you to set your expectations and see how much your current job meets these expectations, and make your decision accordingly.
We all differ in our business and private life expectancy. Before we make a change in career path, making the right decision prevents us from regretting it in the future. For example, changing jobs is sometimes not the right decision. If your manager supports you, if you are happy with what you do, if you have a peaceful working environment, these are good signs. If the only issue is your salary; remember the last time you got a raise, think about the reasons why you did not get a raise since then. Speaking of increasing your salary instead of changing jobs may be the right decision.
70% of those who ask for a raise raise their salary
In a Wall Street Journal report, PayScale's survey of more than 160,000 employees, 70 percent of people who wanted a raise in their salaries got a raise. About 40 percent of the respondents stated that they got what they wanted in salary increase; 31 percent said they received less than they wanted.
What should you pay attention to when asking for a raise?
If you have a salary talk in mind, you must make preparations before making it. In the interview, you should clearly identify the sentences you will use: Why you want the increase and what values you will add in the next period. Tell them to your manager in a proper way. When preparing for this conversation, do not forget to take into consideration the details of your workplace's salary policy.
Set your value
Find out the value of your experience and position in business before giving the raise. Instead of giving an average value when you ask for a raise, you can say a certain value. For example, instead of saying $110k/year you can say $114k/year. Fragrances are indicative of detailed work, which is a kind of sales strategy.
Set salary range
In some cases expressing your salary expectation by setting an interval, that is being flexible, can return positively.
Some companies can set rules about salary raises. If you think you can't get a raise at the rate you want, you may also want an increase in your benefits. Better health insurance, housing benefit or tuition benefit may work for your company.
Personalize your request
You can talk about specific requirements when requesting a raise. Instead of desperately wanting, you can give actual examples. For example, it is absolutely normal to ask for a raise if you have a new baby. If you work harder than your peers or stand out among them with your success you can tell your manager about the situation when asking for a raise.
Take advantage of the numbers
As you negotiate your salary increase, you can focus on your competencies, your portfolio and your business success. Expressing what you have done in the past period, giving numbers, concrete examples will strengthen your hand.
Avoid the message “If you don't raise my salary, I'll walk away”. While you want to increase your salary, make your manager feel sincerely that you care about your company, you are committed to your job and happy from being a part of the team. Be sure to prepare for your speech in advance.