Hub for Jobs | Find the Right Job Vacancies in Nigeria

How To Ask For A Salary Raise

Hub for Jobs | Find the Right Job Vacancies in Nigeria

As a worker, you might have considered asking for a pay raise but you probably let go of that consideration because of the fear of losing your job. Well, it’s a normal thing for humans to always ask for more.

Every worker wants to be paid what they truly deserve but how many people earn what they truly deserve? 

In this article, we will be giving you step-by-step guidelines on how you can confidently ask for a pay rise. Keep reading, we got it all covered. 

How To Ask For A Salary Raise

There are only two options if you feel that you deserve to earn more for your work and want to do something about it. It’s either you find a new, higher-paying job or ask your employer for a pay raise.

These 2 options come with anxiety and fear of the unknown but the good news is that they could also open up new opportunities and possibilities. 

Have you given it a thought that your employer may not realize you’re not happy with your salary until you make it known?

This post will help you ask for a salary raise. Follow these steps:

Know the right time to ask for a salary raise 

It is normal to want a pay rise. In fact, according to a recent online poll, only 19% of people are satisfied with their income. 

 You must choose your timing carefully when you want to ask for a pay rise. When deciding when to ask for a raise, ask yourself the following questions:

What is the company’s financial situation?

If your company is struggling, it is definitely not the best time to ask for a rise. You may be aware of the company’s financial condition as an employee. You should be on the lookout for warning indicators such as budget cuts or layoffs. 

Look for stories about your company or industry in the news. Examine financial information and conduct corporate research.

Even if the company’s financial health is solid, this information will help you communicate with your management.

What is your manager’s current workload like?

It may not be the appropriate moment to ask for a raise if you know your boss is stressed out or focusing on too many things at the moment as you may likely get turned down. 

Paying attention to your manager’s moods and figuring out how to support them indicates maturity, which you can bring up in your salary discussion.

When is the greatest moment to ask for a salary raise?

There are occasions in many enterprises when discussing salary is natural or convenient. Employees may be evaluated annually or periodically by some employers. If you have one coming up, you are very lucky, your boss may be anticipating a discussion about your pay.

Have you accomplished an important task or project successfully?

If the firm is doing well and your boss isn’t too worried, but there isn’t a good time to ask for a raise, think about your recent achievements. 

Have you recently achieved a significant milestone or surpassed a significant goal? This could be an excellent opportunity to request a raise.

Make a note of the details of the specific accomplishment(s) you’ll mention in your raise discussion. Even if your boss is aware of your work in general, he or she may not be aware of how great it was.

Learn About Salary Trends In Your Industry

You may be wondering how much of a raise should you request. Have in mind that every job has a monetary worth. This number is normally in a specific range. 

For your job title or industry, you should be able to do some findings on salary trends as this will give you a basis for understanding the monetary value of your labor. 

Take these actions below after making findings of salary trends in your industry:

Compare your present pay to the trends you’ve discovered.

Where you fall inside that range may have an impact on the pay raise you can request.

Consider your credentials

Consider your degree, years of experience, time with your current job, and any specific skills or traits you may provide. All of these things bring value by improving your job performance. In an ideal world, your employer would consider these when setting your pay.

Make a list of all your achievements

Keep track of which ones contributed the most to the organization. Use numbers to demonstrate an accomplishment whenever possible. 

Determine a salary range or a percentage pay rise that you are comfortable with

Fix a meeting

Asking for a raise in person and secretly is best. If you and your manager are not in the same place, try to conduct the talk through video call.

Do not ask for a raise without first making an appointment with your boss. A room with a closed door is the greatest setting. 

Do not discuss it in public parts of the office, such as the kitchen or corridor. If at all possible, avoid asking for a raise by email.

You may not need to explicitly invite your manager to a meeting if you have a performance evaluation coming up because the review may already be scheduled. 

If you’re not asking for a raise at your performance review, you should schedule the meeting at least two weeks ahead of time.

In either scenario, inform your boss that you intend to discuss remuneration during this discussion. 

Here are some phrases to include in the meeting description or an email.

“Would it be okay if we spent some time discussing my remuneration during my performance review?”

“I’d like to schedule a brief meeting to discuss my pay. If this time works for you, please let me know.”

Asking for a raise should be treated with the same seriousness as a job interview or an important presentation, and you should dress appropriately. 

Consider dressing slightly more formally for this meeting, even if your business has a casual dress code. 

Your appearance can communicate to your boss that you are aware of the importance of the conversation.

Prepare for the meeting

You should prepare what you’ll say to receive a pay raise before your meeting. 

Start talking by explicitly defining the meeting’s aim then follow up with specifics if your boss is willing to continue the conversation by telling him how much of a raise you’d like, cite the research you did to get at that amount, and end with examples of your work that warrant a raise. Include a metric that demonstrates the worth of your work when you give an example.

While making your pitch avoid, avoid words like believe, feel, think, just, only, and might as these words may give the impression that you are not confident. Be sure that you deserve a raise going into the talk, and express your confidence with powerful phrases that leave little opportunity for negotiation.

Expect Questions

If you’ve asked for a raise at the right time and provided evidence that you deserve it, you may expect your boss to carefully evaluate your proposal.

He will probably ask you follow-up questions, such as regarding the specifics of your recent accomplishments or the salary research you did.

There will almost certainly be some haggling so you need to pay serious attention to how your management reacts to your pay rise request. 

Return to your evidence to enhance your argument if you feel intimidated at any stage. To better grasp where they’re coming from, ask your own questions. 

If a raise does not appear to be an option for your employer, inquire about other aspects of your remuneration, such as vacation time or flexible hours. That could prompt them to want to do something.

Conclude by thanking your manager or employer

End the conversation by thanking your manager or employer for their time, regardless of how it went. 

Send them a follow-up email later that day or the next day that summarizes your reasons for asking for a raise and gives a description of your conversation.

This email will make it easier for your manager to speak with someone else on your behalf if they need to ask someone else about your raise. 

This email can serve as a record of the interaction if they reject your request for a raise. 

You may decide to request a raise again at a later time, in which case you can refer to this email.

Conclusion

Every worker wants to be paid what they truly deserve. According to a recent online poll, only 19% of people are satisfied with their income. There are two options if you feel that you deserve a pay rise – find a new job or ask your employer. 

When is the greatest moment to ask for a salary raise? Every job has a monetary worth. Determine a salary range or a percentage pay rise that you are comfortable with. Make a list of all your achievements and which ones contributed the most to the organization. Use numbers to demonstrate an accomplishment whenever possible. Asking for a pay raise should be treated with the same seriousness as a job interview or important presentation.

 If at all possible, avoid asking for a raise by email. Consider dressing more formally for this meeting, even if your business has a casual dress code. There will almost certainly be some haggling so you need to pay serious attention to how your management reacts. Return to your evidence to enhance your argument if you feel intimidated at any stage. Send a follow-up email later that day or the next day describing your reasons for asking for a raise.

Spread the love

Leave a Comment