Everything you need to know about how to ask for a raise, from prep to best timing to what to say. If you don’t ask, you’re potentially giving up a significant amount of money just to avoid a conversation that could be as short as five minutes.
When learning how to ask for a raise, It's time to think like a lawyer. If you are going to present your case as to why you deserve more money, you have to be ready for the opposing side to present reasons why they can say no. For instance, if they say “It's a bad economy ...
There’s no set answer to how much of a pay increase you should ask for. According to employment website Indeed.com, the average raise percentage at most companies is 3%-5%. But if your raise request also involves a new title, it might be worth asking for a bit more than that. Aski...
ideally in a scheduled meeting where you can professionally talk to your boss. Avoid asking for a raise over the phone, through a text message or viaemail, as these methods may limit discussion or negotiation. If you cannot ask for a raise in person (for example, if you work remotely), ...
Understand these key points for each step of the process – before, during and after you ask for a raise – to improve your chances of a favorable outcome.
Following is a simple step-by-step guide to use as you prepare to ask your employer for a raise: 1. Choose the right timeIt’s not uncommon to want a raise, and many people decide to try for one even if they feel a bit nervous about asking. When you do decide to ask for a ...
Don’tMake Ultimatums –“I need a 10% raise tomorrow, or else I quit.” DoTake time to consider your options, but do not make threats during your negotiation, even if you do intend to find another job. Ask for a raise Even if it’s awkward, you need to actually ask to get a ...
You might be tempted to consider all kinds of factors before you ask for more money — your personal performance, your company’s financial situation, the industry outlook — but Meisner cautions against getting too hung up on the idea that there’s a perfect time for a raise. “What I fi...
How much of a raise should I ask for? As of 2024, the average raise is between3.5 and 3.9 percent, with the median pay raise being4.8 percent. However, you could ask for as much as a 10- to 20-percent raise, depending on your performance and impact on the company. ...
In a perfect world, you wouldn't need to ask for a raise, as your boss would notice your hard work and do it unprompted. But that rarely ever happens. So make sure to take the initiative and convey your intentions in a clear and professional way. You can say something like this: ...