You worked hard throughout your college years, participating in all the internships that might help you land your dream job. You tried to develop your skills and gain the necessary experience to stand out from others in your desired career field.
You did all the papers on your own or ordered from the best custom writing services to get the best results possible. Then, after you’d finally graduated, you started looking for a job that would match all your professional aspirations.
The first step was to create an ideal resume that would catch the attention of the recruiters. You’ve studied all the tricky questions that you might’ve been asked during the interview. And you got hired. And you’re doing your job pretty well. It seems like all your professional dreams come true. But now comes the question of whether you’re going to join 45% of employees.
“What 45% of employees?” you may ask. Well, that’s the average number of people quitting their job because they didn’t get a salary raise. If you are happy with your salary, then everything is good for you. But if you’re thinking about asking for higher pay, you need to consider several things to do it. So, let’s check out when and how to ask for your first pay raise.
Take Your Tenure in Consideration
When you start a new job, you need to wait at least six months before asking for a pay raise. Six months is the time frame that is enough for employees to prove themselves as valuable assets for a company. Anything sooner is considered as not enough, and, most likely, it will give you a reputation of a narcissistic upstart.
Once you reach the six-month mark, you can initiate the conversation. But the timing issues are not over yet. And no, it’s not about the financial standing of the company you work in. As, even when your company merged with another one and you know that there is not going to be any salary raise for anyone, you should still ask for it to show that you’re an advocate for yourself.
Most likely, you’re going to initiate the pay raise talk with your manager, and here you need to remember that your manager is also a human. Thus, if they have a bad day, are too busy with other work activities, or are nervous about, let’s say, prospective budget cuts, it’s not the best time to negotiate a salary increase.
Consider Your Company’s Raise Cycles
In case you work in a company that offers salary revision once a year, you should pay attention to when it generally happens. It may be around the anniversary of the start date of an employee or by the end of the fiscal year.
You need to learn the time when the raises normally occur, and you should initiate the conversation with your manager approximately a month or two before that formal process begins. Otherwise, you may wait for your salary increase till you next time.
Before we go into the ways and reasons to ask about the raise, here are some valuable tips that will help you negotiate your salary, even if you don’t have great experience in the industry or the field you’re working in:
- research average salaries for your position;
- look beyond salary;
- don’t undervalue yourself;
- don’t make it personal.
You should check out what’s the typical salary range for your position. In case you learn that you’re underpaid, it’s going to be a solid reason for the raise. You can also look beyond salary. Instead of providing you with the raise, the company can give you other benefits, like retirement savings or paid days off.
Just because you don’t have past practical experiences in your field, it doesn’t mean that you should undervalue yourself. After all, the company was looking for someone with certain skills; thus, you deserve that job and decent payment for it. But never make it personal and mention personal struggles like high rent. It can show you in a bad light.
Think About Your Achievements
Before asking for a salary raise, you need to think about your achievements. Think about what you have done throughout the first half of a year. Maybe you’ve saved the day with an important and capricious client? Or the boss is extremely pleased with your recent high-profile project.
Most likely, when you ask about the pay raise, you will be asked for the reason for it. And you need to present them with clear reasoning supported with facts. That will convince your manager to help you with the desired salary.
How to Ask for the Salary Raise
Talking about presenting yourself, certain employees go over the top and think that they need a detailed presentation about why they deserve a salary review. But you don’t need to struggle with PowerPoint to ask your manager for the compensation review. Your request can be quite brief but still convincing.
Just make sure that you touch upon aspects of why you deserve the raise, such as your contributions to the company. You can also mention that your responsibilities have changed or point out your recent achievements.
You should be polite and firm when asking for a raise. You can start by telling how grateful you are for the opportunities that your, let’s say, new position gives you. It’s worth mentioning that you really enjoy the challenges of your job. And then ask about whether your salary can reflect your recent contributions to the company.
Asking for a pay raise is no rocket science, but there are certain rules that you need to follow if you want to do it properly. And, most likely, you will succeed. In case you get “no” as an answer, you can ask your manager what other contributions you can make to get a salary raise.