I’m Asking for a Raise, How Much of a Raise Should I Ask For?

Negotiate My Salary I’m Asking for a Raise, How Much of a Raise Should I Ask For?

How Much of a Raise Should I Ask For?

Have you been working at your company for a while and think it's time to ask for a raise? Or, has it been a while since your last raise? If you've answered yes to either of these questions, the next question you may have is, how much of a raise should I ask for?

Often, money is not a topic that people want to talk about, especially not to their bosses. It's necessary at times and, if you need help, DoNotPay can help. We have a convenient, automated, and fast process that can be used to get you the raise you deserve. Read on to find out more.

Do You Have Any Tips to Give Me for Negotiating a Salary Raise?

Absolutely. We got you covered.

  1. Be Likable

If your supervisor doesn't like you, you're less likely to get a salary raise. This is because it's less likely that people will fight for what you're requesting when you aren't liked. You need to be willing to be polite, respectful, and knowledgeable about your points. This means knowing what is offered by competitors, and industry averages, and knowing how to handle tensions effectively and appropriately.

  1. Know the Negotiator

This means more than just knowing company-related constraints. You also need to know the concerns stressed by the individual you're negotiating with. This will help you tailor your strategy to avoid being a nuisance and getting what you want.

  1. Consider the Whole Negotiation

Salary doesn't just indicate take-home salary. You could also negotiate a salary increase by negotiating paid days off. Other options may be continued education expenses.

  1. Don’t Negotiate Without Justification

This means don't negotiate just to be in negotiations. Be sure it's important to you and then negotiate fairly. If you're fresh out of school with no experience, it's unrealistic to expect that you'll get a top salary in a year. Negotiate based on your industry and your experience.

  1. Keep Perspective

Sometimes, salary negotiations take a long time. You need to stay perceptive of the situation and flexible. This means, you can negotiate the best deal, but still lose if the negotiation isn't right for you or for the time of asking. You have to consider your job requirements when setting up a salary negotiation.

There are times when salary negotiations are appropriate. There are also times when it's not. You'll need to be careful to be sure that you've got all the relevant information that will help you ensure that you get the best outcome for your situation as it is at that moment. Consider it a "snapshot" moment. The negotiation is based on that point in time only, not future work. You can only draw on current industry averages and your prior contribution to the company. Having strong arguments in these respects can lead to positive outcomes in salary negotiations.

Why You Deserve A Pay Raise

Before you ask how much raise you should ask for, first make sure that your ask is justified. Here are some circumstances that warrant a pay rise.

The Increased WorkloadWhether the extra work is voluntary or allocated by your supervisor, you deserve a pay rise. If you perform the extra work exceptionally, all the more reason.
Value of Your AccomplishmentsYou've bought in a new client or spotted some irregularities in the company's systems averting a major catastrophe. Quantifying these accomplishments to indicate the value they've brought to the company is a genuine reason for a raise.
Organization ChangesDid your company bring in a significant client, or opened some more branches in other states? Or maybe merge with another company to form a huge corporation. Such positive and profitable changes avail more resources accommodating a pay rise.
Salary DisparitiesIn your research, you might discover an employee from another industry in a similar position earns more than you do. While it's not ideal to compare salaries, you can make your case and request your manager to consider that pay difference.

How Much Should My Raise Be?

You need to do some research here. A lot is based on industry averages. If you're under the industry average, you may have the ground to request a raise just by industry standards alone. Generally, companies plan on about a 3% raise per year, but this isn't guaranteed.

How Can I Negotiate My Salary on My Own?

You can schedule a salary raise negotiation by

  • Telephone
  • Video conference.
  • In-person meeting.
  • Email
  • Present a salary negotiation letter

Any of these processes can be frustrating and time-consuming. DoNotPay has a better solution.

How can DoNotPay help me negotiate my salary?

For one, we can take the stress off your shoulders about your salary negotiation. Second, we offer the perfect solution to avoid all the frustration of asking for a salary raise. Here's how it works:

  1. Search "negotiate my salary" on DoNotPay. 
  2. Enter the name of your company and the industry you work in, so we can find the right wage statistics for your role. 
  3. Answer a series of questions regarding your qualifications and achievements, relocation expenses, and other job offers if applicable. 
  4. Enter the new base salary you would like to request. 

Once you finalize your information, DoNotPay will generate an official letter that you can use for your salary negotiation.

What Else Can DoNotPay Do?

Now that you know why you should choose DoNotPay, here's what else we can do for you:

Sound interesting? Head over to DoNotPay's website to see what else we can do for you.

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