A Guide on How to Ask for Salary Increment
Most professionals keep faith in karma than formulating different strategies on how to ask for salary raise. And, if you think that you should be paid more for your work, then you have two choices: either ask for a raise or find a new job. While the former might sound daunting and intimidating, you stand a chance of getting a raise with the right efforts and excellent negotiation skills. Here we discuss how to ask for an increment.
How To Ask For A Salary Increment?
The process of asking for a salary raise might seem intimidating and uncomfortable. However, it doesn’t need to be when you have the right tools. Below, we discuss how to ask for a salary increment.
Learn the rules
Before asking for a raise or negotiating with your manager, it is vital to know the rules of the process. Therefore, find out your company’s compensation structure, pay comparisons between different roles, the responsibilities you perform, and the value it adds to your organization’s main goal. A clear understanding of it will help you lead the negotiation process.
Prepare, prepare, and prepare
Before entering your superior’s room, you must have prepared logical answers to probable questions they might ask during the pay raise conversation. So, preparing beforehand is the key to sustaining the tide of the questions. You can take the help of your friends or family member to brace yourself for the conversation. Moreover, look at it as an opportunity for payment correction and not a raise.
Know your professional self
Ideally, knowing your worth would help you negotiate in a pay raise conversation. It helps in steering the chat in the right direction. You can go through the company’s data and try to understand the key performance indicators that managers consider while deciding on the increment percentage for their staff.
You can correlate that to your performance and cite reasons why you an ideal fit for a raise. For instance, the key performance indicator of your workplace is good communication skills. Then, you can state instances when your communication skills did help the business organization.
Schedule the right time
Before scheduling a meeting with your manager, check if they have any prior commitments. Moreover, your manager is also a human with emotions, so don’t approach them when they are having a bad day or are nervous. It decreases your chances of getting a raise. Therefore, be considerate of their emotions and approach them when it’s a good time.
Learn to take a ‘no’
Often, your manager will ask you to give them some time before agreeing to your requirement. Maybe, sometimes, they will take just seconds to say a ‘no’. So, it is significant to prepare yourself for the worst outcome. So, if you get a no, you can enquire about the reasons behind their decision. For example, you can ask, “Can you tell me what it would take to earn me an increment.”
Meanwhile, if your manager doesn’t give a definite answer, ask them when you can schedule the next meeting. Then, you can end your meeting with gratitude. You can say, “Thanks, I appreciate it.”
After the meeting, you will know the intentions of your manager, whether they are willing to give you a raise or are running from it. And if your manager is incapable of giving you what you want, then it is better to leave the company and find opportunities elsewhere.
In the succeeding part of the article, we will enlist tips on asking for a salary raise; read to know more.
5 Tips to Ask For A Salary Raise
Even professionals with the best-paying jobs in India feel awkward talking about a raise. However, asking for an increment is the normal part of the job. So, if you are planning to ask for a raise, here are some tips to keep in mind; read here:
- You should clearly understand the competitive salary offered for your position across different industries.
- While negotiating raises with the employer, it is important to be confident and clear about what you expect from the conversation.
- List your accomplishments from the past six months or years. It will give you a strong foundation to negotiate better.
- Prepare a detailed script for the topics you will cover in the meeting. It will help in steering the conversation in the right direction.
- Before the meeting, it is vital to understand your boss- things they like, the salary hike they are offering and more.
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