How to Ask for a Raise (Plus Free Template)

Asking for a raise can be one of the most nerve-wracking conversations you have in your professional life. But, with the right approach and preparation, it can also be a rewarding experience that leads to increased satisfaction and financial stability. So let’s discuss some key steps to help you navigate the process of asking for a raise, along with a free template to guide you through the conversation.

Step 1: Do Your Research

Before initiating the conversation about a raise, it's important to gather relevant information. Research industry standards for salaries in your field, considering factors such as your job title, experience level, and location. Websites like Glassdoor, Payscale, and LinkedIn can provide valuable insights into salary ranges for similar roles.

Step 2: Document Your Achievements

Make a list of your accomplishments and contributions to the company since your last raise or performance review. Quantify your achievements whenever possible, such as increased sales numbers, successful projects, or cost-saving initiatives. Having concrete evidence of your value to the organization will strengthen your case for a raise.

Step 3: Schedule a Meeting

Once you've done your research and compiled your accomplishments, schedule a meeting with your supervisor to discuss your compensation. Choose a time when your supervisor is likely to be receptive and avoid times when they may be particularly busy or stressed. Quick tip: you’re more likely to get hired for a job if you interview on a Friday, so consider applying that same logic here.

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Step 4: Practice Your Pitch

Prepare a compelling argument for why you deserve a raise based on your research and achievements. Practice articulating your points clearly and confidently, and anticipate potential objections or questions from your supervisor.

Step 5: Use the Right Language

When asking for a raise, it's important to use assertive yet respectful language. Focus on your contributions and the value you bring to the company rather than making demands or comparisons to colleagues. Be prepared to negotiate, but also be willing to listen to your supervisor's perspective.

Step 6: Follow Up

After the meeting, send a thank-you email to your supervisor for their time and consideration. If you receive a positive response, be sure to follow up on any agreed-upon next steps. If your request is denied, ask for feedback on how you can improve and set goals for future discussions about compensation.

Free Template for Asking for a Raise

You: Hey [Supervisor's Name], do you have a minute to chat? I wanted to discuss something important regarding my compensation.

Supervisor: Of course, what's on your mind?

You: Well, over the past [time period], I've been involved in [specific accomplishments or projects], and I feel they've made a positive impact on the company. I've done some research on industry standards and my performance here, and I think it's time we talk about adjusting my compensation to better reflect my contributions.

Supervisor: I see. Can you tell me more about the specific achievements you're referring to?

You: Certainly, let me give you some examples... [share details of your achievements].

Supervisor: Those are indeed impressive contributions. Let me look into this and see what options we have.

You: Thanks, I appreciate that. When would be a good time for us to sit down and discuss this further?

Supervisor: How about later this week? Does Thursday afternoon work for you?

You: Thursday sounds good. Let's schedule it for then. Thanks for considering this, I really believe it's a fair request.

Supervisor: My pleasure. I'll see you on Thursday then.

You: Great, looking forward to it. Thanks again.

The Bottom Line.

Asking for a raise can be a daunting task, but with careful preparation and the right approach, it's entirely possible to advocate for fair compensation.  Remember to approach the conversation with confidence, and don't be afraid to negotiate for what you deserve. Good luck!

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