Preparing To Ask For A Raise?

Here are 5 tips we think you should know before you schedule the call with your management team: 

Each time a business hires an employee, they must weigh the pros and cons, compare numbers, and measure what that employee can bring to the company based on their experience. Before setting your sights on a big raise or promotion, you need to have a basic understanding of your company and what they can afford. Most, if not all companies, want to see what you have been able to accomplish successfully in your current role, versus what you say you can do in a different role. 

1. When preparing to discuss a raise or promotion, your employer will need evidence as to why you deserve it. 

As an employee, you are responsible for keeping track of your career progression. You have been hired to do a specific job at a specific pay rate, and it is up to you to negotiate for yourself! Here are some things you should be keeping track of in your current role to help you in the future:

(Reps – How many new accounts have you opened since you began? What is your opening rate per each new account? List how you have grown your territory and what you have accomplished since taking it over.) 

2. Communicate your goals! 

Have regular career development conversations with your manager or ask someone to be your mentor. Be open and willing to take constructive criticism and make changes along the way to reach your end goal. Follow-up and accountability are necessary; a good manager is always open to helping you grow! 

3. Actions speak louder than words.

If you find yourself hitting obstacles in the field or in the office, work on identifying the problem before calling your leadership team. Dissect the issue, then bring ideas to the table on how you can help develop a solution. This shows your leadership team that you can use critical thinking, you understand problem-solving, and you have the company’s best interest at heart, all while building trust in your team. 

4. Be realistic with your goals. 

Promotions typically mean you have increased responsibilities. You need to make sure you are committed and ready to take on this new challenge long before you start actively pursuing it with your management team. 

Things to ask yourself when thinking about asking for a raise: 

  • Are you regularly showing that you are responsible enough to take on this new task? 
  • Am I already meeting and exceeding my monthly goals? 
  • Does this get me closer to my career goal? 

(If the answer is YES, then go for it! If the answer is NO to any of these questions, you should pay close attention to areas that need more focus.)

5. Finally, it’s crucial to approach the conversation with your manager carefully.

It’s important to avoid demanding a raise or promotion, and instead, present hard data and facts that support your request. Regularly communicating your interest in career growth to your manager can also help you avoid feeling overlooked or resentful. 

Learning to be your own advocate in your career is important and detrimental to both personal and professional growth! As an employee, it is your responsibility to keep track of your career progression and communicate your goals to your management team. Before pursuing a raise or promotion, ensure that you are realistic with your goals and have evidence to support why you deserve it. Remember to approach these conversations with professionalism and hard data to back up your claims. Being your own advocate in your career is essential to achieving personal and professional growth. 

 

Article written by Mikki Collins

Find her here: LinkedIn | Instagram

 

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