how to ask for a raise.

Feeling undervalued at work? It's time to take charge of your career and learn how to ask for a raise. Knowing the right approach can make all the difference when seeking more money, whether you've just completed a major project or consistently exceeded expectations. This guide will walk you through the key steps of how to ask for a raise, ensuring you're well-prepared to make your case.

how to ask for a raise: the essentials

Before marching into your manager's office, get a feel for how salary talks work these days. Gone are the days of automatic yearly increases. Now, it's up to you to make the case for what you’re worth. Here are some key points to consider:

• Timing is everything: Try to be aware of your company’s fiscal year and when budget decisions are usually hashed out.
• Industry matters: Some sectors, like finance, technology and healthcare, are experiencing growth and increased demand for skilled professionals. You have more leverage if you work in one of these sectors.
• Preparation is key: Put together a solid record of your recent accomplishments, any additional responsibilities you’ve taken on and how you've moved the needle for the company.

Knowing when and how to bring up a raise can make a world of difference. It's usually smart to start the conversation a few months before your yearly review. This gives your manager time to think it over and maybe even work it into the next budget cycle.

building your case

When you're ready to have the conversation about increasing your current salary, remember these important factors:

know your audience

You've likely worked with your manager for a while now. Use that knowledge to your advantage. Does your boss prefer a direct approach or a more detailed presentation? Tailor your conversation accordingly.

build a strong case

Think of yourself as a lawyer presenting evidence. Keep a running tally of your wins—projects completed, praise received, new skills learned. When it's time to make your case, you'll have many examples to draw from. "Remember that report I finished last month? It's already helped us simplify our processes."

do your homework

Before entering that meeting, arm yourself with knowledge. What's the going rate for your role in your industry? Randstad's salary comparison tool can be a great starting point. Chat with colleagues in similar positions if you can. The more informed you are, the more confident you'll feel.

be ready to negotiate

While it's good to have a salary request in mind, be prepared for some back-and-forth. Your boss might not be able to meet your initial ask, but there might be room for compromise. Stay open to possibilities.

see the big picture

Remember, your company name has its own constraints. The size of the organization, its location and current market conditions all play a role. A smaller company in a rural area might not be able to match big-city salaries, for instance.

think creatively

If a bump in your current salary isn't possible, consider other perks that could improve your work life. Could you work from home one day a week? Get some extra vacation time? Sometimes, these non-financial benefits can be just as valuable.

when salary negotiations hit a roadblock

If your raise request doesn't lead to an immediate change, don't jump to conclusions or threaten to leave. Take the high road: Ask about specific performance goals that could set you up for a raise down the line, or inquire about other ways the company could help you advance your career. Schedule a follow-up talk to revisit the topic. By staying professional, you'll show you're invested in the company and keep the conversation going.

how to ask for a raise: final thoughts

Asking for a raise might feel daunting, but it's a crucial part of advancing your career. Stick to these tips, and you'll be ready to make a strong argument for why you deserve a bigger paycheck. Remember, your recent successes and ongoing hard work are valuable to your company. Don't hesitate to speak up for yourself and your worth.

Ready to move forward in your career? Whether you want to negotiate a raise where you are now or explore something new, we're here to support you. Our experienced recruiters can guide you and connect you with roles that fit your skills and salary goals.