How to ask for a higher salary in the new year
Over the past two years, we’ve seen the prices of everyday living—and salaries in most industries—hike. But if you’re thinking, ‘I want to ask for a raise’ but are unsure how to go about it, here are some tips to navigate asking your manager.
1. Do your research to find your worth, and be prepared to share a specific amount
Before you head into the meeting to ask for a raise, make sure you do your homework on your role’s average salary. Researching how much you should receive for your position will give you some newfound confidence when asking your manager for a raise, as you’ll feel reassured that what you’re asking for is reasonable.
2. Be realistic
When deciding what amount to ask for, remember to keep this number at a realistic level. We would all love to ask for $1 million a year, but simply, this is not feasible.
Keep in mind your experience and, more importantly, your skill level.
3. List what you’ve achieved—not just your longevity at the company
Gather evidence of projects you’ve worked on and what you did specifically. Outline your accomplishments and the benefits it has brought to the team, division, and company.
This will help you keep track of each task you’ve achieved and gives your manager a clear understanding of the success you’ve brought to the business.
4. Communicate what you’ll bring to the team in the future
As well as listing your accomplishments, make sure you explain to your manager how you have individually contributed as a team member.
- How have you contributed as a team player?
- Do you raise concerns in a professional manner?
- Do you add to the team and company culture?
- Do you act according to the company’s values?
- Outlining these will give your manager an idea of what you’ll bring to the business and show that you’re an investment and are ready to advance the company and your career.
5. Remember to be confident
It’s intimidating to ask for a raise, but now isn’t the time to shy away. You’ll have to put yourself on the line if you want a raise. To remain calm and assertive, display positive body language and speak slowly, clearly, and matter-of-factly.
At the end of the day, be prepared for a maybe or a no
Remember that asking for a higher salary might result in a maybe or a no, and you need to be ready for this. I.e., by not having an outburst and behaving unreasonably.
If they need to re-evaluate your salary with other managers, they’ll let you know, and you can arrange to meet them at a later date to discuss the decision.
But if your manager firmly says no, ask what it would take to earn a raise. They’ll give you advice on how to improve in your role or what next steps you should take in the business.
Have a question for us? If you’re a job seeker on the lookout for your next role, a hiring manager looking to fill a position, or want to know more about this topic, contact us at Humanised Group! We’re here to help you succeed.