How to Know When to Ask for a Raise
Getting a raise at work is one of the best things that can happen at your job. Unfortunately, most companies aren’t racing to dish out more money to all of their employees. Most of the time an increase in pay is initiated by the employee. And timing is everything.
But how do you know when the right time is to ask for a raise?
Here are a few of the signs to look for:
1. Your Workload is Bigger
You’ve not only taken on more work at your job, but you are doing a good job at it. It may have only started out as helping out with extra workload your company was facing but if it has become a steady part of your job you have a great reason to ask for more money.
2. You’ve Done Your Research
It’s hard to argue with facts, and if you have done proper research you will be able to present that to your manager or boss. Take the time to research how much people doing the type of work you are doing are making and have it readily available when you ask for your raise.
3. The Company is Doing Well
If you notice your workplace is letting people go, not hiring and seeming to be doing a serious nosedive – it is probably not a great time to ask for a raise. On the other hand, if you notice that your workplace is thriving it is a great time to ask for a raise because they probably have the means to give you one.
4. You Have a Performance Review
This is a perfect opportunity to ask for a raise. Most companies have these regularly, but if yours doesn’t ask to schedule one. This is an opportunity to sit one-on-one with your manager or boss and show them why you are an asset. Once you’ve shown your worth, it’s time to ask for that raise.
Asking for a raise can seem intimidating, but it really doesn’t have to be. You know you work hard and you are an asset to your company – that means you deserve to be making a proper wage for that.
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