There’s no worse feeling than that of working for less than your true value. It makes you feel under-appreciated and under-valued, which nobody enjoys. You work, and work, and work, all the while knowing that you’re earning less than you should be.
It’s not just people in low-level jobs, like a cashier working at Mcdonald’s or a janitor. No, many people have a master’s degree and still find themselves underpaid. It’s all relative to the position you have and the earnings you receive.
Do you feel like you’re in such a position? Underpaid and underappreciated? The truth is, you don’t need to be stuck like this. You just need to learn how to, with confidence, ask your superiors for a raise.
The idea of doing this might freak you out, but is it really worth it to continue on if you’re feeling under-valued? How long will it take before you’ve had enough? That’s a quick way to become supremely unsatisfied with your life, so you shouldn’t just hide in the shadows and hope that things change.
It’s about time you make it clear that you want your hard work to be rewarded with an equivalent salary. You’re worth more than what you’ve been given, you just need to learn how ask for the rest.
That’s what this article is for. You’ll learn just what you need to know to be able ask for that raise you deserve, and all it takes is a little know how and some smart effort.
6. Know How Much Others With Your Job Are Earning
First things first, how much is your position actually worth? A quick Google search should bring up options for you find out just how much you can earn for your job, or one very similar to it. Once you’re armed with that knowledge, compare it to what you earn. Is the difference big, small, or nonexistent? If you can prove that you’re being underpaid compared to the going rate for your job, you can build a solid case for a raise.
5. Know The Company’s Policies On Raises
Next, find out if your company allows you to ask for raises whenever you want, or if you need to wait for an annual review or something else of that nature. There’s not much you can do if you have to wait it out, but at least you can prepare yourself by building up your list of qualifications for a raise. Other than that, you’ll have to be patient until salaries can be discussed.
4. Know What Impresses Your Boss
Every boss is different, and each is impressed by different efforts. Some bosses love facts and figures, so you’ll need to come prepared with a list of your accomplishments and how positively it affected the business. Others appreciate efforts to make the office environment be more pleasant and friendly. These bosses will be impressed more if you organize group lunches and meet ups, or any other team building efforts on your part.
This piece of knowledge is crucial for a successful negotiation, so make sure you have it beforehand.
3. Know What You’re Worth, And Why You’re Worth It
You can’t very well ask for a raise if you can’t explain what your worth and why you’re worth it. This is very important, because if you can’t explain the answers to your boss, it’ll look like you just asked for a raise for no good reason.
How can you demonstrate your worth? If you have a strong project leading record, make it a point. If you mediate between co-workers often, say so. You need to stand out as somebody who deserves to be elevated above the current salary, but that only works if you actually stand out. So make it a point to do things that will increase your worth, that way you can approach your boss with evidence that you deserve a raise.
2. Know That You Aren’t Asking For A Raise – You’re Selling Your Value
It’s misleading to say that you’re asking for a pay raise, because you aren’t. What you’re actually doing is selling yourself. You’re convincing your boss that you’re worth more than what you’ve been given this whole time.
How’s that? When you ask for a pay raise, your boss is thinking “what value does this person bring in?” So it’s your job to present yourself as somebody who brings more value in than money goes out to pay you.
They don’t want to hear that you need a raise because you’re struggling to pay for rent or groceries (even if it’s true, don’t say it). They want to give more money to people who provide more value.
So be persuasive. Use what you know impresses your boss to persuade them that you deserve a raise. It could be facts and figures, team building activities, a list of accomplishments, and so on. Whatever it is, just make sure that it’s persuasive to your boss in particular.
1. Know That If You Fail, You Just Need To Learn Why And Try Again
Even if you aren’t successful in getting that raise you deserve, it’s not the end of the world. Simply ask why you didn’t get the raise and take action on what’s still in your power. If they said something like “your performance in area (x) was lacking,” then all you need to do is put in more effort in that area.
If a raise just isn’t in the budget, then reevaluate what a “raise” really means to you. Would extra vacation days count as a raise? What about a couple of additions to your benefit plan? Would that make you feel like you’re being well-compensated for? If so, then maybe you can still get that “raise” after all.
And remember, you can get a raise if you really deserve it. All it takes is that you know how to present yourself in the proper light, and that you take the appropriate action to get it.