So you’ve been in the job for quite some time and you need to earn more to compensate for growing costs? Asking a raise is a useful professional skill, so you can advance in your financial goals.
When Is The Right Time to Ask a Raise?
If you’ve proven yourself to be excellent in your job for a year, you can ask for a raise. Employers are open to giving a salary raise to those who deserve it.
Specifically, you can ask for a raise at work during a performance review, positive feedback, a company anniversary, or when the company reached a milestone. Only because you were part of that success!
Why Ask for a Raise At Work?
There might be several reasons why you want a raise, but let’s see if those reasons are valid. Asking a raise is not self-entitlement at all when you think you need it and it is desirable with your work performance.
Most employees ask for a raise for reasons like:
- The job requires more responsibilities.
More responsibilities mean more time and time is gold. The job might even require you to travel more often, so it’s ideal to ask for a raise to compensate for travel expenses.
- They’ve stayed long enough in the company
Being in a company for a few years and doing a good consistent performance is deserving of a salary raise.
How Do I Ask for a Raise?
A professional business letter is one tool you can use to ask for a raise at work. Its content should be friendly and direct to the point while also being grateful towards your manager or supervisor. It also is a plus to set a meeting and hand the letter personally to your head, so you can discuss it briefly. If you are not able to meet face-to-face, you can do it via email.
Here are some tips when writing your letter:
- Be Professional
Add your company letterhead, follow the format of a good business letter. Avoid caps and exclamation points. Check for grammatical errors. Be clear and concise with your language.
- Be Grateful
In the letter, start by being grateful to your head for supporting your career.
- Be Sincere.
It’s important to mean what you say and not just flatter with words.
- Be Direct to the Point.
Don’t prolong your purpose for writing the letter. Make your intro short and get right to the point about the salary raise.
- Ask Politely.
Add magic words like please and thank you. Don’t try to apologize for asking for a raise. Be confident about it.
- Add a Specific Amount
Some companies may be open to your request and may ask how much of a raise would you prefer. Don’t be afraid to place it in.
- Don’t Demand But Wait
We are merely asking permission for a salary raise, so we need to ask them politely and wait for their update.
Asking a raise at work is a negotiation skill we all need to learn as employees. The way we ask also varies across company cultures. Do a little research and practice on how you can approach them well.
For more professional tips, keep reading the rest of our blogs.