Be prepared to present your research that supports your request. Be aware of company policy regarding compensation. BE AWARE OF TIMING: Time your request for when you have the optimal chance of getting a positive response. Negotiating a Raise . Take in a justified increase and don’t be greedy in this condition. Photo by Christina Morillo under Pexels License. If you can make a strong case for a salary increase, it may help to put a formal request in writing. Your letter can help support your argument while keeping you from tripping over your words in person. PREPARE YOUR REQUEST: Take the time to research what you're worth in the job market so you can show your manager why you should be considered for a raise. It includes your industry research, salary range research, and proof of your measurable contributions. If you are already paid above your market pay rate, negotiating a pay raise can be difficult. For example, if you know the company is doing well, your boss is pleased with your work, and sufficient time has elapsed (at least a year or more, depending on company culture) since your last salary raise, or your annual review is coming up, then all signs point to go.. 1. Note that 3% is considered an average or even generous pay increase. I am writing to formally request a review of my current salary. For example: I look forward to speaking with you in more depth in our next monthly meeting, and am excited about the projects we have on the horizon. How to write a salary increase request letter (with examples) ... Offer to set up some time to talk about this in person or ask to talk about it in a standard one-on-one meeting with your boss. You would think that working hard, doing a good job and getting results would guarantee a good annual review and a decent salary increase. Other than the once a year across-the-board raises and the occasional bonus or profit-sharing check you may receive, asking for a salary raise is the only way to seek a higher amount of pay. When possible, use numbers to illustrate an accomplishment. As an Account Executive with 5 years at Acme Corporation, I have always been ready and able when asked to take on additional work and new job responsibilities. Make a list of any additional responsibilities you have added to your job. Aim high in the amount you’re requesting. That may be your supervisor, manager, or the head of your department. If you decide to ask for a pay rise in writing, see the section below on ‘How to write a pay raise request letter / email’. To avoid seeming greedy, it's best not to ask more than once a year, which makes it all the more important to pick your moment. You build your confidence that asking for a raise is a task that you can do. Our new Raise Anatomy report helps employees who are asking for an increase make all the right moves. Decide the raise you require: Prepare it a habit to give your boss the range of salary raise you want. It is generally not a good idea to go above … Accessed May 26, 2020. Before you send a letter asking for a salary increase, make sure the timing is right. Use sites like PayScale, Glassdoor and Salary.com to find out the market rate for your role or intended one. What Is the Best Way to Ask for a Raise via Email? Maybe it's smarter to ask your boss what you need to do to qualify for the highest possible pay raises and bonuses in the future if you cannot justify a higher salary now. A 10% raise in salary is would put my compensation in line with industry and regional expectations for the work. Salary Negotiation Tips (How to Get a Better Offer), Best Negotiating Strategies for a Counter Offer. It requires expounding on your value to the company and placing yourself in the best light possible. But at many companies, doing a good job is not enough to guarantee a decent raise. Conduct salary research to determine the appropriate range for your position, experience, and accomplishments. Learn about negotiation from books, resources, networking, and friends who have successfully negotiated a pay raise. Feel free to include links to show your boss the state in the industry and why you deserve a raise. Plus, you've wasted your best shot at getting the pay raise. If the boss tells you he cannot provide a pay raise currently, ask what you need to do to make yourself eligible as soon as pay raises are available. Tell the manager you are asking for the raise at this time because of the accomplishments and contributions you have made, and the additional responsibilities you have taken on. If it is being emailed, you can remove the date and the address for yourself and the employer, and begin the letter with the greeting. Make an appointment to speak to the person who makes the company’s salary decisions and present your case. Ask Yourself If You Are in the Right Career Path. Ask yourself why you deserve a pay raise because you will need good data to support your request for a pay raise. If possible, use numbers to illustrate an accomplishment straightforward in addressing your request Samples, here are some the. Is considered an average or even generous pay how to ask for salary increase is not enough to guarantee a decent.. Best light possible from your employer may care about you, providing additional.! Take you up on your merit and accomplishments to increase my salary in the company you... To Remote work from Home during COVID-19 has never been easier, although you 'll want to mention within... 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