How to Ask For a Raise & Get It!
Everyone wants to make more money. If you feel that you are not making as much money as you are worth, it may be time to sit down in a negotiation with your boss and ask for a raise!
- Have circumstances changed in your life?
- Are you finding it difficult to keep up with the cost of living on your salary or rate of pay right now?
- You deserve to get paid what you are worth.
- DoNotPay has a new service to help you in your quest for more money!
How to Negotiate for Better Pay
Depending on your job, there are a few different ways you could ask for a raise. With so many people working at home, it's not as easy as walking into your boss's office and starting a discussion.
- Using Zoom for salary negotiations.
- Ask for a raise over the phone.
- Negotiate your new salary via email.
- Set up an in-person meeting with your boss.
Welcome Additions to Your Pitch
There are certain things you want to make sure that you include in your documentation. A pay raise negotiation is like selling yourself to your boss. In order to effectively sell your skills, experience, and reputation, you need to make them want to keep you regardless of what you're asking for, make yourself worth the money, and the extra benefits.
Answer these questions in your pitch:
- What is the going rate for other professionals like you in your area?
- What benefits are others with your title, in your industry getting at the competition companies?
- What is your value after adding in your experience, education, and skillset?
Other Things to Consider
Not all salary negotiations are the same. Sometimes there are extenuating circumstances. In that case, there are a few other things that a person may want to consider when they are negotiating a pay raise.
- Decide what the absolute minimum is that you will take and don't tell your employer but stick to that dollar amount.
- Be sure to add travel expenses like mileage if you have to commute a long distance to go to work.
- If you will have to move closer to do your job, be sure to add the moving expenses.
What Things Should You Ask For?
When you are considering a negotiation for higher you don't necessarily want to start out with the money. When explaining what you are worth and what a valuable asset you are to the company that you work for, there are other things you could ask for before telling them that you want a raise. Such as:
- Paid time off/ Paid vacations
- Health insurance
- Company vehicle
- Flexible hours to fit your lifestyle
How Much Is Too Much?
Are you wondering how much of a raise to ask for? Most people don't really know when it's a good time to ask for a raise but they know that they need one! Just remember that you are valuable. As long as you do your research and find out what is average for other professionals in your occupation and you request the same, don't look at it as "too much."
- Start out with the average benefits and perks of your company's competitors.
- Don't be rude or demanding, but be assertive that you know your worth.
- Don't sell yourself short, be confident!
- Make sure to reflect the message that your boss is getting the better end of the deal by paying you what you are asking.
If Life Changes, Ask For a Raise!
Of course, people typically do not ask for a pay raise more than once per year. But, it is important to ask for a pay raise whenever a certain change has happened in your life. In most cases, people will wait until they are coming up for their yearly evaluation to determine if a small token raise should be added to their salary or hourly rate before they start the negotiation.
Are there changes such as:
- Cost of living.
- Added skills or education for your job.
- Job duties have increased or changed.
- New responsibilities at your job.
Effective Negotiation Tactics
It is essential to articulate each of your points during a pay raise negotiation with confidence. You want to be sure that you are representing yourself and your needs in a clear and concise manner. Take your time with the research and the presentation.
- When you research facts such as the average salary in your area or average industry wages for your specific title be sure that you cite where you obtained the information.
- Any expenses that you incur for going to your job that is significant to your financial situation, should be represented.
- Take notes when researching your company's competitors, bring up the perks of working with them during the negotiation.
- Remind your company of your skills and qualifications as well as any experience and education you may have.
- If you have researched the cost of the living site where you obtained the information as well as the current Consumer Price Index data.
Here are some extra tips for a better chance of higher pay:
|Be backed with hard data||Show evidence of what you are worth. Compile past achievements that justify your raise and how much you further help the institution.|
|Timing||Knowing when to ask is critical when asking for a higher salary. For example, don't ask for a raise when the fiscal year is about to end when budgets are already settled.|
|Be confident||If you know you are worth more than they are offering don't be reluctant to negotiate for higher pay. Advocating for yourself is a sign of confidence that can help you get the salary point you wanted.|
DoNotPay Is Here to Help!
Still not sure how to prepare a professional pay raise negotiation document? Don't worry, DoNotPay is here to assist you!
- Still, have questions?
- Worried about presenting yourself as a serious professional?
- Not sure where to start?
How to Use the Pay Raise Product on DoNotPay
If you are ready to negotiate a higher rate of pay, we are ready to help you! You can eliminate stress, worry, and headache by trying our easy-to-use platform. Discover just how easy it can be to ask for a raise!
- Search "negotiate my salary" on DoNotPay.
- Enter the name of your company and the industry you work in, so we can find the right wage statistics for your role.
- Answer a series of questions regarding your qualifications and achievements, relocation expenses, and other job offers if applicable.
- Enter the new base salary you would like to request.
And that's it! Once the information is finalized, DoNotPay will generate an official raise negotiation letter that you can present to your employer!
What Else Can DoNotPay Do?
Besides assisting you on how to negotiate a raise, DoNotPay can also deal with other wearisome and tiresome activities as follows:
Join DoNotPay today!