We’re all a little intimidated by our bosses; it’s only natural. It doesn’t matter if you have the most open and caring management team in the world, having big discussions with the people that sign your paycheque is a scary thing! So when it comes to asking for a raise, it’s normal to feel that twinge of anxiety in your stomach.
Fear not, because I have some tips! I’ve been there, done that, and although it can be uncomfortable, it’s important that you express yourself, especially if you feel underpaid or undervalued.
- Set a meeting time with your boss(es), and tell them that this will be the topic of your discussion. This is actually a tip I received from my old boss, as it will give them some time to gather their thoughts, and also know that this isn’t you handing in your two weeks notice.
- Come prepared with a list of reasons why you deserve the raise. Have you taken on additional responsibility? Have you been with the company for over a year at the same pay level? Have you absorbed an additional role into your job duties? Having all of this prepared and laid out before your meeting is going to be key so your boss can really see your value and why you deserve that bump in pay.
- Be prepared to meet in the middle. At the end of the day, every company has a bottom line. You may think that you deserve that $5,000 pay bump, but if it doesn’t fit into your company’s budget, they’re not going to be able to give it to you. Be prepared to have an open conversation about what makes sense for the company, and give some leeway.
- At the same time, know your worth. I once had a job where I absorbed three people’s roles within the span of two months, and had a frank discussion with my boss that if I did not receive a pay raise of a certain amount then I would be forced to resign as well; the time and effort I was putting in was not matching up with the pay I was receiving. It took a lot of back and forth, but I ended up getting my raise. If you truly feel and know that you deserve more, you need to stick to your guns, because being dissatisfied in your job is only going to harm your wellbeing and the company at the end of the day.
Have you ever asked for a raise? How did it go? Let us know in the comments!
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