Pay Raise
How did you go about asking for a raise. I have never done this before and feel ready to do so. What’s an appropriate time and way to approach this?
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Just have the convo with your boss. If an initial convo doesn’t go anywhere it’s best to take a 3 pronged approach.
1. Print out market data relative to your experience and title. Be able to show where market is at today and have an argument as to why you deserve higher comp. If that doesn’t work move to step 2.
2. If a job description is available for your current role and a higher title position, print it out and be able to speak to how you’re excelling in your current role and doing responsibilities the next highest position if applicable.
3. If that doesn’t work have a job offer printed out if it’s at higher comp. Just know this can rub off the wrong way depending on who you’re talking to, but having options provides leverage.
Adding to this. The conversation should have the goal to convince your boss that you are providing enough value for a raise.
Be polite about it but don't waffle. Tell them how much value you provide (and be able to back it up with examples), but make that come from a place of understanding that it takes a company time, effort, multiple discussions, and, of course, dollars, to materialize a pay bump.
I recently got a 20% pay bump (I was under market) by starting off the conversation with "I know the company budget is tight, but I was hoping a raise might be in the cards for me this year given how much value I provide."
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