Asking for a pay rise can be very intimidating, especially if you’ve never done it before.
Even if you know that you’re well overdue a raise, and you’ve been working super hard in your role and truly deserve some recognition, it can be difficult to pluck up the courage to take your boss aside and sell them the idea that you’re worth more.
If you’re looking for some tips and tricks to give you a confidence boost and a helping hand before you ask for a pay rise, then you’ve come to the right place.
I’ve put together a list of some of the best tips for successfully requesting a pay rise, which I’ve learned through my experience working in a corporate environment, and specifically working within the recruitment industry.
If you’re looking for more career tips, then you’ll also love this post on 5 Habits Of People Who Always Get Promoted At Work
7 Ways To Ask For A Pay Rise – And Actually Get It
PRE-WARN YOUR MANAGER
Don’t wait until your annual review meeting, and don’t randomly take your manager aside and ask them for more money without giving them an idea of why you wish to speak with them.
Try emailing your manager and ask them if they could arrange some time in the diary to discuss a pay review. You could say something along the lines of
“I’d like to arrange half an hour with your this week to talk about my progress within the company and discuss your thoughts on a possible pay rise. What day works for you?”
Catching your manager off guard will most likely result in them saying no, as they won’t have had time to think about why you deserve more money.
The simple truth is, no boss wants to pay their staff more money. The aim of any business is to get the best staff at the lowest cost, in order to make the most profit, so you asking for a pay rise is the last thing they want to hear, no matter how much you deserve it.
Similarly, waiting until your annual review is likely to result in the answer being no, as the company will have already set their budgets for the year ahead, and they won’t want to re-evaluate their finances in order to accommodate paying you more money.
The best time to ask is a couple of months before the end of the financial period, that way there is time to work your new salary into the annual budget.
POINT OUT YOUR SUCCESSES
Sell yourself! Treat this like another job interview, and explain to your boss exactly why you deserve to be paid more money.
They don’t want to hear things like, “I need more money so I can buy a nice house, go on holiday this summer, or buy my girlfriend nice things.” you need to explain what it is that you bring to the business, how you’ve helped the company succeed, and why you’re a valuable asset to the team.
Talk about projects that you’ve been involved in that have improved business or operations, initiatives that you’ve thought of that have boosted revenue, or systems that you’ve implemented that have resulted in boosted productivity.
If you’ve created solutions to common business problems and things are now running more smoothly as a result, talk about it! Were you involved in getting the business back up and running after a rough patch? Then talk about that!
Think of it this way: this isn’t an opportunity for you to tell your boss why you need more money, it’s a chance for your to remind them why they can’t afford to lose you.
DON’T THREATEN TO LEAVE
Ok. As much as I just said that you need to convince your boss that they can’t afford to lose you, that does not mean that you should threaten to leave if they don’t pay you more money.
This is an unspoken message that you’re trying to put across. Straight up saying that you need more money or else you’re leaving just makes you look unprofessional, and you’re extremely unlikely to come out of that meeting with the results that you want.
Sell the idea that you’re a valuable asset to the team, and help your manager see how the business has improved since you’ve been around. That should be the only message they need to convince them that they can’t risk you to going elsewhere.
ALWAYS DO IT IN PERSON
Never ask for a pay rise in an email, over the phone, or for goodness sake, via text message.
By doing this, you’re just making it easier for them to say no. It’s like keyboard warriors on the internet – people find it much easier to deliver bad news when they’re not face to face, and you want to do everything you can to make it so your boss can’t say “no”.
Although it might feel much less intimidating to put your case forward via email, you’ll almost certainly have your request rejected, so just bite the bullet and do it in person.
PICK YOUR TIMING
Timing is everything when it comes to successfully pitching a pay rise.
If you ask your manager when they’ve just come out of a stressful meeting, just had another member of staff resign, or when anything else is playing on their mind, they’re sure to say no.
Mornings are usually better, as the day’s not taken hold yet, and try to avoid Monday’s as no-one likes Monday’s.
Also think about what else is going on in the business at the time you book your meeting. If the company is in the middle of an audit then it might be a good idea to hold off.
Don’t overthink it, as then you’ll stress yourself out and won’t deliver your best case in your meeting, but just use a bit of common sense.
Don’t be greedy with how much more money you ask for. Truth is, no matter how good you are at your job, everybody is replaceable to some degree. You’re employer may pay you slightly over the odds to keep you in the company, but they aren’t likely to agree to pay you tens of thousands more than the industry standard for your role.
Before you ask for you raise, have a figure in mind of what you want, and do your research about what other companies are paying for people with your skills and expertise. You might be able to negotiate slightly more than what other companies are paying, particularly if you’ve been with the business for a long time, but don’t get too greedy and consider what’s reasonable.
BE PREPARED TO LEAVE IF THEY SAY NO
You could follow every single piece of advice I’ve laid out here, and deliver the best pitch possible to your boss, but there’s still a chance that they’ll say no to paying you more money.
It could be that the company genuinely don’t have the budget, they’re already paying you what they deem is suitable for your role, or they simply don’t agree that you’ve shown you’ve deserving of a raise.
Whatever the case may be, asking for a pay rise and being told no, can make many workers feel resentful and undervalued. Rightly or wrongly, this might make you feel like you don’t want to be a part of the team anymore.
So before asking for a pay rise, be prepared to accept that the answer could be no, and be prepared to look elsewhere if you think that the rejection is unfair.
To Finish Off…
I really hope that you found this post helpful, and that if you’ve been toying with the idea of asking your manager for a raise, then I’ve provided to useful, actionable tips that will help you get the pay rise that you deserve.
If you have any tips for asking your boss for more money, or any other career tips or stories that you’d like to share, then I would love to hear your thoughts in the comments below.
Make sure to check back here soon, as I post brand new lifestyle, personal growth, fashion and financial tips on The Angelina Archives every single week.