In fact, by that time, your company may have already decided where it's going to allocate its budget for the coming fiscal year. You don't need to wait until performance reviews roll around. Many of the employees who do, in fact, ask for raises have poor timing. Once you’ve gathered this salary information, you can use it as a bargaining chip when you sit down with your boss. To find out what other people with your skills and experience are making, you can contact recruiters and do research online ( Monster's Salary Tools can show you what you'd earn in your geographical location). So before asking for a pay raise, do some salary comparison and assess how much you’re worth next to other professionals in your field who are on equal footing. If you’re underpaid, well, that’s a good enough reason to start looking around for a new job, which should technically spur your current company to offer you more money. In order for a company to be competitive when it comes to talent, it needs to pay its employees well.

Speak up-and explicitly state that you’re asking for a pay bump, not just a promotion. If you don't ask, your employer will very likely assume you’re satisfied with your salary.Įven if your boss is super-appreciative of your efforts, we doubt that any of them are going to come to you and say, 'Hey, I want to give you a raise!' Sounds obvious, but many employees make the mistake of just not asking for a raise. You’re Uncomfortable Asking for a RaiseĮven if you know how to ask for a raise, you actually have to do the asking in order to get results. If any of these behaviors sound familiar, it’s time to make some changes. To avoid getting dinged in the wallet, check out some of the most common explanations why employees fall short when asking their boss for a raise. Unfortunately, not everyone who deserves a pay raise gets one-and the reasons why might not be what you expect. salary budgets are projected to rise by an average of 3.3% in 2022, according to WorldatWork’s Salary Budget Survey. Raise before praise, that’s what we like to say.įortunately, it looks like employers are well aware of that fact. Public praise from your boss is great, but let’s be honest, nothing says you’re crushing it at your job quite like a pay raise.

Raise before praise, that’s what we like to say.Īsking for a raise should be on your to-do list.

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