Hello BBB readers! I’m Sydney from Untemplater.com, a Yakezie Member lifestyle blog that helps you shatter the template lifestyle in favor of a truly exciting, unique, and unconventional one. I’m helping fill in for Marvin today as he’s spending time with his newborn son (how exciting!) and as we can imagine probably quite low on sleep.
We all love personal finance and finding ways to save and earn more money. So today let’s look at some simple steps you can take to ask for a raise.
Pretend You’re The Boss. We’ll never know everything our boss is thinking, but it’s fun to try and imagine ourselves in their shoes. Imagine how they would describe everyone in your team and how they would rank you amongst your peers. Try and figure out what your boss really thinks about your performance, strengths, and weaknesses esp. in comparison to others. Then use that analysis to your advantage. Own up to your flaws, take the initiative to improve, and highlight your strengths.
Document Your Performance. It’s easy to lose track of all the things we work on each year, especially when we’re busy. Chances are your manager can’t keep up with every single thing you’ve worked on either. Make their job easier by keeping a list of all the items you work on each week. Meet with your manager or email them a copy on a regular basis and let them know you’re working hard.
Tell the truth. A lot of people stretch the truth when they’re interviewing for a job, but trying to fib once you’re on the job is a big mistake. Let your manager know what accomplishments you’ve actually completed. It’s okay if you haven’t completed everything on your to do list if you have legitimate reasons and can explain yourself without sounding like a procrastinator. Tell the truth because it’s easy for management to know when you’re lying, and you if you want to get a raise you must keep their trust.
Study the markets. Unexpected events can happen at any time that impact the stock market, growth forecasts, and profitability. Don’t try and ask for a raise if your company’s industry or stock is tanking and people are getting laid left and right. You’ll end up looking like a jerk and sounding insensitive. Watch the news, do some research on the web, and strike up some conversations at the water cooler.
Know how much you’re worth. Management loves to get away with paying employees as little as possible and not giving out raises if people aren’t asking for more money. This is why it’s really important you know what your experience and skills are worth. It’s helpful to browse job postings, get advice from ex-colleagues, and research salary ranges of similar roles. You’ll sound arrogant and foolish if you come out and ask for way more money than the market is willing to pay for your skills.
Be approachable. If you want to have a shot at getting a raise, you need to be a well liked around the office. People should feel comfortable asking you questions and approaching you at any time. If you’re a hot head or a total stress case, believe me people will know and you don’t want that working against you.
Sharing is caring. Show your manager and your peers that you care about your work, team, clients, and the company. Sharing and being a positive influence isn’t hard and goes a long way. Nobody wants to work with grumpy complainers who take, take, take and never show any support.
Get over your fear. It can be scary thinking about asking for a raise. But so are a lot of things before you actually try them. I was terrified about asking for a raise for a long time until I finally got the courage to prepare myself and just do it. Getting over that initial fear is probably your biggest hurdle.
Prepare and schedule a meeting. Organize all of your notes and practice what you want to say. Don’t be aggressive, whiny, disrespectful, or mad at any time in front of your manager. Even if things don’t work out, show appreciation and ask for guidance on what steps to take next. Also be sure to schedule a time that is convenient for both of you. Right before lunch or on a hectic day filled with other meetings isn’t ideal. Now take a deep breath, and present your case!
If you’re interested in more career, personal finance, entrepreneurship, self improvement tips, etc., I hope to see you around on Untemplater.com. Thanks!
Have you ever asked for a raise before? Was it hard for you to bring it up to your boss? What did you learn from that experience?