Asking for a raise can be a nerve-wracking experience, but it's essential if you want to ensure you're being fairly compensated. By doing your due diligence research, you can increase your chances of success.
One of the best starting points when it comes to preparing for a salary negotiation is to research comparable salaries. You'll want to do this not only in your industry but also in your region. You can do this using websites like PayScale, SEEK, LinkedIn, and Indeed. This will give you a better understanding of how your current salary compares to others in your field.
Timing is everything when it comes to asking for a raise. It's important to choose a time when your boss is likely to be in a good mood and receptive to your request. Avoid asking during a busy period or when your boss is dealing with a personal issue. Schedule a time to talk in advance and be prepared to make your case. Don't do it on a Friday afternoon or first thing Monday morning. Best to schedule the meeting just before lunch on a Tuesday, gives people time to get into work flow and also time to respond.
When you ask for a raise, be sure to highlight your achievements and contributions to the company. This will help your boss see the value you bring to the organisation and make it easier for them to justify a salary increase. If you can't clearly do this, then think why am I asking for one?
You've done the research, you've booked the meeting and you are ready to communicate your worth with your highlights reel. Now do it. Don't over think what they will say and don't get in your own way. If you don't ask sometimes you don't receive.
If you need some help we are happy to provide you with guidance on how to navigate this conversation and if you asked for that raise and didn't get what you wanted, we're here to help with that too.
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