Even if you're a relatively experienced negotiator, navigating raises can be challenging. After all, you need to find the ideal time to broach the topic, and you have to make a compelling case. Take a look at the best times to ask for a raise and follow advice for getting the pay bump you deserve.
Best Times to Ask for a Raise
Before you start the negotiation process, finding the right time to talk with your boss is essential. If you ask at the wrong time, your boss could ignore or outright deny your request. Try waiting until one of the following times to bring up the topic.
Your Review Is Coming Up
Many people wait until their annual review or shortly after to ask for a raise, but that tends to be too late. Instead, bring up the topic when your review is still a few months away. Your request will prompt your boss to take action when you do sit down for your performance review.
You've Taken on New Responsibilities
Whether a departing colleague has left you to handle major projects or you've taken the initiative to add more tasks to your plate, more responsibilities often mean higher pay. Request a raise once you've nailed down the new responsibilities and proven that you can handle them to increase your chances of getting a bigger paycheck.
You're Considering Another Offer
If you're actively looking for another job or another company is trying to win you over, receiving a tempting offer is a great excuse to ask your current employer for a raise. Use the offer as leverage, as it can serve as evidence of what you're worth and what a competitor is willing to pay for your knowledge and expertise.
Tips for Getting the Raise You Deserve
Waiting for the perfect time to ask for a raise doesn't guarantee positive results. If your negotiating skills are rusty, follow these tips for getting the raise you want and deserve.
Share Your Wins
You may not love showing off, but that doesn't mean you should keep your accomplishments to yourself at work. Don't miss a chance to tell your boss about your wins each time you've exceeded objectives or expectations. If you aren't accustomed to tooting your own horn, try talking through your spiel with a phone psychic.
Clarify Your Goals
Your boss may never know you aspire to something greater if you don't tell her directly. If your office doesn't have a procedure for goal-setting, schedule a time to sit down and talk with her about your career.
Know Your Value
Just because you want a substantial raise doesn't mean you can get it, especially if you're asking for far more than the average for your position. If you can prove your value by reflecting on major deals you landed or the sizable profits you generated, however, you may be able to make a convincing case.
Asking for a raise can be nerve-wracking, but if you ask at the right time and use an effective strategy, you can make it happen. Don't hesitate to get a psychic reading for personalized advice on how to make your case.