Do you know how to ask for a raise? Are you feeling a bit nervous about approaching your boss? Here’s some advice.
You have to ask your boss for a raise.
No boss is just going to give you a raise just because you think you deserve it. You have to advocate for yourself. You should mark your first day as an employee on your calendar; on your anniversary every year, talk to your supervisor. Now, you might be wondering, “How much do I ask for?” Well, you should at least ask for enough to keep up with inflation. That’s about 2% a year, maybe three. If you’re really bold and feel like you deserve more, you can always ask.
Talk to other people in your industry.
It will help if you compare salaries. It may be a little awkward to start, but it’s the best way to determine if you’re getting paid as much as you should. Plus, if we want to promote pay equity, transparency is the way to go. You don’t have to show everyone your bills, but comparing pay stubs could help you and your friends. In fact, LinkedIn is a good resource for this, too: They call it LinkedIn Salary.
And you also should be aware of your employer’s situation. If your boss is complaining about budget cuts, maybe take a little while before going into that talk. And if the issue continues, you might want to have a conversation with them about the future of the company. The bottom line is to know your worth.
Have you ever asked for a raise? Let us know in the comments. And make sure you always advocate for yourself!
To learn about having hard conversations, check this out.