Steps in Asking for a Pay Raise: Research an Appropriate Pay Raise

  1. Familiarize yourself with your employer’s pay practices. …
  2. Research the market pay rates for your job. …
  3. Read your employee handbook. …
  4. Network with other employees in similar jobs in similar industries to determine your salary competitiveness.

How do you politely ask for a salary increase?

How to Write a Letter Asking for a Raise

  1. Do your salary research. You’re not going to get very far if the amount you ask for is not in line with the realities of today’s job market. …
  2. Pick the right time. …
  3. Make the request. …
  4. Back it up. …
  5. Express appreciation for the consideration.

How much should you ask for when asking for a raise?

It’s always a good idea to ask for anywhere between 10% to 20% higher than what you’re making right now. You may be able to ask for more based on your performance, length of time with the company, and other factors. Make sure you come prepared when you negotiate your raise and be confident.

What should you not say when asking for a raise?

Avoid these 5 phrases when asking for a raise—and what to say instead, according to a salary negotiations expert

  1. 1. ‘ More money’ …
  2. ‘I think I deserve this because…’ What to say instead: “I deserve this because…” …
  3. ‘I was hoping for…’ …
  4. ‘I’m going to have to go to the competition…’ …
  5. ‘Thanks, anyway…’

How often should you ask for increase?

In most cases, you shouldn’t ask for a raise more than once a year. Of course, there are exceptions to this rule, like if your employer didn’t give you a raise six months ago but promised to revisit the issue in another four months based on performance goals or available funding.

How much of a raise should I ask for after 2 years?

As a general rule of thumb, it’s usually appropriate to ask for 10% to 20% more than what you’re currently making. That means if you’re making $50,000 a year now, you can easily ask for $55,000 to $60,000 without seeming greedy or getting laughed at.

How do you ask for a pay rise example?

For example:

  1. Dear Bill, …
  2. My notable contributions over the last year alone include: …
  3. Considering these achievements and the benefit to the company, I would like to request a salary increase of 5%. …
  4. I would welcome the opportunity to discuss my salary increase further, at a time convenient for you. …
  5. Dear Bill,

Should I ask for a raise after 6 months?

How often should you ask for a raise? If you recently started a job, wait a minimum of six months to ask for a raise. Most employers are more likely to give you a raise if you have been with the company for at least a year or more. If you have been with the company for multiple years, then you can ask once a year.

How much is a 3% raise?

Using our formula, a 3 percent raise would look like this: $52,000 X . 03 = $1,560 raise over the course of the year. This brings your employee’s total salary to $53,560.

What is a reasonable pay increase?

Companies typically offer employees a 3-5% pay increase on average. Even if this range doesn’t seem like a reasonable raise to you, keep in mind that consistent wage increases can add up over time, providing you with a higher income than what you received when you started at the company.

How long is too long without a raise?

How long is too long without a raise? Most companies give raises at least once a year, so going more than 2 years without a raise could be considered an excessive amount of time.

How long after asking for a raise should I wait?

Once again, the answer is one year. Typically it’s reasonable to ask for your salary to be reviewed annually, so if you got a raise six months ago, you probably have another six months to wait before you can reasonably ask again. (Of course, the exceptions above apply here too.)

When should I ask for a pay raise?

When to Ask for a Raise

  1. Your Employer Posted Strong Quarterly Earnings. …
  2. You Aced a Performance Review. …
  3. You Made a Significant Achievement. …
  4. You Find Out You’re Being Underpaid. …
  5. You Took On More Job Responsibilities. …
  6. You Received a Job Offer from Another Company. …
  7. You Just Hit the One-Year Mark. …
  8. You Received a Promotion.

Is a 3% raise good?

If your employer is paying 3 percent raises in a down market, it’s nothing out of the ordinary. But if a 3 percent merit increase is typical for your employer, you’ve been falling behind every year. Salaries move at different rates every year, but typically by about 4.1 percent.

How often should you be promoted?

Early-career employees should aim to get a promotion around every three years, according to Ian Siegel, CEO of ZipRecruiter. “If you aren’t moving up after three years, there is a problem,” he said.

Is it normal to ask for a raise?

First, know that it’s normal to ask.

As nervous as you might feel about asking for a raise, remember that it’s a much less big deal for your boss. She deals with salaries all the time, and the subject isn’t going to feel nearly as weighty or fraught to her as it does to you.

How can a woman ask for a raise?

How to ask for a raise and get it

  1. Be strategic about your timing when you ask for a raise. …
  2. Do your research to support your salary conversation. …
  3. Be clear with your boss that you’d like to discuss getting a raise. …
  4. Highlight your accomplishments and keep it strictly business.

How do I remind my boss for a salary increase?

Dear Mr. XXX, Hope you are doing well. I know you are very busy, but it has been three months and I have received no changes on my salary, allowance (housing & transportation) and incentive/bonus which we have discussed during your last visit in (city) office on (date).