Are you wondering how to ask for a raise at work?
It’s a great question. If you want to get a raise, asking is one of the best ways to go about it. A recent study shows 70% of employees who ask for a raise are given an increase, with more than half getting the raise they requested. This means taking the initiative to ask will likely result in a bigger paycheck and more money in your bank account.
However, many employees feel like asking for a raise is too uncomfortable and intimidating. They are afraid to seem greedy and afraid of being told no.
Fortunately, by following a few tips, you can increase your chances of getting the increase you ask for. If you are ready to earn what you’re effort is worth, here are several tips that will help you do just that.
1. Make Yourself Marketable
Before asking for the raise, make sure you are an asset to the company. You can do this by cross-training, taking business development training online, joining professional organizations, and more. Being marketable is a great way to show you deserve the raise you are asking for.
2. Showcase Your Value
A great tip for how to ask for a raise in salary is to showcase your value. Many make the mistake of demanding a raise without proving how a raise will benefit the company. Focus on data that shows your worth when asking for a raise.
3. Understand the Market
When you are planning to ask for a raise, it’s important you understand the market. Research your job title and job description. Know the range of salaries that is common in your industry. Make sure you are asking for something that is doable and is not outside of the industry norm. Visit https://uaesalary.com/average-salary-in-dubai-cost-comparisons-insights.
4. Practice Your Presentation
Practice makes perfect and that is true for any presentation you give at work. While asking for a raise is different than presenting to a conference room of executives, you still need to be fully prepared. Create a short but impactful presentation and practice it until you have it memorized.
5. Get the Timing Right
The perfect time for when to ask for a raise can be hard to figure out. If you were given a raise a few months ago, consider waiting a while before asking for another one. If the company is experiencing financial difficulties, you should also consider waiting.
This is an important tip because timing can be the difference between a yes and a no.
Use These Tips and Tricks to Get a Raise ASAP
By using these tips to get a raise, you can increase your chances of a favorable result.
Start by making yourself marketable and showcasing your value. You should also understand the market, practice your presentation, and get the timing right. Make sure you are confident and assured while you are asking for a raise.
Follow these tips and you’ll be well on your way to getting a well-deserved increase.
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