Ten Tips for Getting a Raise

Being overlooked for a pay raise is an issue for many people in the workforce, and it's not a subject that many people feel completely comfortable discussing with their boss. If you feel that you are due for a raise, consider these 10 tips.

1. Ask when you truly feel you've earned it

If you feel you've been doing great work that has helped the company, it stands to reason that this is a better time to ask for a raise, as opposed to if you've just been getting by, doing the bare minimum. Great work makes you a valuable asset, and smart managers will recognize this and consider a pay raise a means of ensuring you don't look for another job.

2. Be ready to list your accomplishments

If you know you're going to have a discussion with your boss about a potential pay raise, be ready to give them good reasons why you deserve one. Look back on the work you've done since your last raise and be ready to point to some highlights that illustrate just why you deserve to make more money.

3. Always be on time

This is a good tip for simply keeping your job to begin with, but always being punctual shows that you take your job seriously. This can work even more to your benefit if you have co-workers who are less inclined to be on time every day.

4. Always show enthusiasm for the job and a willingness to go the extra mile

Some managers may be happy with workers who simply clock in, do their job adequately, and clock out when it's time to go home. Most, however, would much rather see employees concerned with getting as much accomplished as possible, even if it means sticking around a little later from time to time. Show that you care enough about the job that you're willing to give a little extra for the good of the business.

5. Know competitive wages for your position

Before you directly ask for a raise, you should first know what others in similar positions are earning, to the best of your ability. Do some research online to see what information you can uncover. Just make sure you have a good idea of what you're talking about before you go throwing around figures.

6. Don't blindside your boss

If you're going to ask for a raise, it's good to give your boss a chance to prepare for such a conversation. Mention that you'd like to discuss your career or role at the company and see if you can set up a meeting for the near future. This way, they'll have a chance to review your performance before the question of a raise is even presented. Otherwise, they might be inclined to deny your raise as a reflex.

7. Ask when you know business is good

Your chances of getting a raise are much better if business is thriving. If it's a slow period, then your boss is more likely to tell you that the time isn't right.

8. Explain how your contributions are directly tied to profits

Perhaps the best thing you can do to make your case for a raise is to explain exactly how your work has directly led to the success of the company. If there is clear, undeniable evidence of your part in this, they will have a harder time not entertaining your request.

9. Be the person with whom everyone gets along

Team players are essential in business, but chances are not everyone with whom you work fits this bill. It behooves you to be the person who gets along with everyone and works well as part of a team. This can only enhance your work reputation and establish you as an employee worth retaining.

10. Be understanding if it's determined the time just isn't right

If you ask for a raise, but your boss explains that it's just not feasible at the moment, don't overreact with negative emotion. Try to understand the situation from their perspective and be patient. Perhaps you will be offered a bonus, instead. Your behavior at this moment will be remembered when the subject comes up again. Also, don't use the denial as an excuse to stop trying as hard. This will likely also be noticed.

The information provided is presented for general informational purposes only and does not constitute tax, legal or business advice. Any views expressed in this article may not necessarily be those of Nevada State Bank, a division of Zions Bancorporation, N.A. Member FDIC