Business Insight

How To Ask For A Pay Rise and Actually Get It

You are a hard worker. It is not just on your resume but you actually prove at the office every day, yet your employer is not returning the favor. That must hurt, and you may be thinking of asking for a pay rise to compensate your efforts. You’ve the absolute right to do so.

But you’re wondering whether the request will be successful or you’re just risking being called a bluff. Well, there is nothing wrong with asking for an increase in salary, not if you ask it the right way.

Recent global events have inflation skyrocketing, causing many to live from hand to mouth. So, if you are not paid as high as you deserved, now could be the time to ask for a raise.

You can learn how to start a side business while employed to earn extra income.

Nonetheless, if you really need more money from your regular job, then this article is going to be straight with you. Still reading? Good.

What is the best way to ask for a pay rise?

1. Speak facts

Key performance can get you a pay rise

Your first strong punchline should be about performance. You want an increase in salary but what do you show for it, nothing? Are you for real? You have to make your case around the value addition you brought to the organization.

In the same vein, focus on figures. For instance, talk about how you have been able to sign up high paying business clients for the organization resulting in 25% revenue increase over the last 90days. It doesn’t have to be similar to this but if you have data on your efforts, use that to add weight to your plea.

2. No way for emotions

If your grandma is sick in the village, it has nothing to do with your corporate boss. Yeah, this is hard on your face, but it’s the truth. You can’t request a pay rise because of your grandma’s medical bills. I don’t know how that will work.

Business owners are humans, they have feelings but they feel for their capital and profit the more. So, don’t go talking about more expenses that cannot be traced with production, because you will make it easy to get a ‘No’.

Again, never make your submission about how some colleagues are being paid more than you. You may be nowhere near their experiences, qualifications or their unit responsibilities.

3. Stay Positive

Be confident when asking for salary increase

If you are cringing at the thought of a possible salary increment that will boost your financials, just get back to your desk and expect nothing but the same old salary. If you don’t believe yourself on this one, don’t even make the attempt.

But if you really need the raise, you have to be confident about the move. True, the request can be intimidating but you have some good performance data and credentials to show for, don’t you?

So keep your head up and tender in your request. If you’re turned down, just thank your boss and ask what you could do now to get a raise in the future.

4. Be specific on the amount

If you want a raise, know the exact amount you want

How do you even ask for a raise if you don’t know the exact amount you want? Yeah, you may be asking for $45,000 and that may sound satisfying.

But, be more specific like $ 44,550, because that will sound less to your employer and will likely get approved. Always do your research on what others in same or similar positions in your field are taking home, and negotiate your increase around same.

5. Stick to your accomplishments

Talk about your achievements when negotiating a pay rise

Negotiating for a raise is synonymous to pitching an existing business for more funding; you have to talk more of the goals and accomplishments. Every relevant detail moves you closer to getting approved.

What skills have you improved since joining the company? What creative ideas did you come up with? Did you deliver on some projects with the team that added value to the company?

Once you get these and more right, you have a good chance of getting your request approved.

6. Don’t Talk Non-sense

Yeah, yeah, it is a straight bullet but it’s the truth. Of course it makes sense to negotiate for a raise. But what wouldn’t make sense is trying to compare the salary of an insurance sales personnel to a software sales executive. Similar roles, different industries.

7. It is not a fight, be cool

See, you are going to ask for more money okay, and that’s like pulling hair from your nostril; it comes at a price. So keep your calm when asking for a raise.

It is a negotiation not a tug of war. Be organized, show up prepared and get your timing right. Be flexible and open to switch units or departments or even acquire further training for that pay rise in the future.

Don’t put up an attitude because you were denied on first attempt. In fact, most first attempts don’t get approved, so you’re not alone.

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