2/14/23, 10:32 PM How to Ask Your Boss For a Raise at Work (with Examples!) CAREER How to Ask Your Boss For a Raise at Work (with Examples!) Asking for a raise can feel daunting, especially if you’ve never done it. We break it down step by step to show you to ask for a raise. By Galina Hitching TABLE OF CONTENTS 1. When Should I Ask For a Raise? 1. Before All the Numbers Are Crunched 2. During Your Annual Review 3. After You’ve Done Something Amazing 4. If Greener Pastures Are Calling (With a Caveat) 2. 5 Effective Tips to Ask Your Boss For a Raise 1. Use the Slow Burn Method 2. Find Your Benchmark 3. Focus on the value you add 4. Learn Your Lines 5. Know How to Act 3. What to Do If They Say No 4. Should I Just Wait For Them To Give Me a Raise? Extra Thoughts for Women: 5. 2 Quick Things to Avoid When Asking For a Raise 1. Don’t Be a Jerk https://www.scienceofpeople.com/how-to-ask-for-a-raise/ 1/26 2/14/23, 10:32 PM How to Ask Your Boss For a Raise at Work (with Examples!) 2. Don’t Make it Personal 6. How to Ask For a Raise FAQs 7. The Takeaway Asking for a raise can feel daunting, especially if you’ve never done it before. Don’t worry. We break it down step by step to give you the confidence to negotiate your raise. We’ve included sample scripts to make it even easier. When Should I Ask For a Raise? First up, you need to know when to ask for a raise. These are the most important things to consider when looking for the right timing: Before budgeting During your annual review After you’ve completed a big project or task If you have a new job opportunity Let’s break each of these down. 1. Before All the Numbers Are Crunched Your boss may want to give you a pay increase, but if you ask after finalizing the budget, their hands may be tied. Budgeting finishes before the new fiscal year. Common fiscal years are October 1 to September 30 of the following year (government), February 1 to January 31(retailers), or July 1 to June 30 (school district). If you’re not sure, just ask! ↑ Table of Contents ↑ https://www.scienceofpeople.com/how-to-ask-for-a-raise/ 2/26 2/14/23, 10:32 PM How to Ask Your Boss For a Raise at Work (with Examples!) 2. During Your Annual Review An annual review provides a natural segue into the question of salary. You’ll already be discussing your goals, your big wins, and your future with the company. Keep in mind that your annual review may not coincide well with the timeframe of budgeting. ↑ Table of Contents ↑ 3. After You’ve Done Something Amazing When you ask for a raise, you want to leverage. Remember, this is a negotiation, after all, and you are a confident career professional with a lot to give. We’ll go into this more in the next section, but there is one key thing to remember here. After you’ve completed a big project or task (and knocked it out of the park), you’ve shown concrete evidence that you’re an excellent asset. ↑ Table of Contents ↑ 4. If Greener Pastures Are Calling (With a Caveat) Maybe you’ve just been offered a great new job opportunity, but you’d prefer to stay in your current place of employment. When your recent pay makes you doubt your decision to stay, this is the time to ask for more money. While this timing tip may give you leverage, it comes with a big caveat that many people overlook. When you go to your employer and ask for a counteroffer, they may see you as disloyal. Even if you get the raise, their attitude towards you could change. Instead of using a counteroffer in this way, where you overtly ask for a raise, try flipping the narrative to assess your future with your current company. https://www.scienceofpeople.com/how-to-ask-for-a-raise/ 3/26 2/14/23, 10:32 PM How to Ask Your Boss For a Raise at Work (with Examples!) Barbara Corcoran, one of the highest-paid businesswomen (and also a savvy investor in the TV show Shark Tank), suggests saying: “I got a great offer; I love working here, and I plan to stay, but it brings to the table my question, what do you think my prospects here in the future might be?” This avoids using the job offer as a power play and instead positions you as a loyal and valuable employee. Most importantly, it will show you whether your boss values you. If they respond positively, you can use this opportunity to see if their vision aligns with yours. If they respond dismissively, that’s your cue to leave. ↑ Table of Contents ↑ 5 Effective Tips to Ask Your Boss For a Raise Now that you know when to ask for a raise, these five tips will help you be as prepared as possible. ↑ Table of Contents ↑ 1. Use the Slow Burn Method Don’t surprise your manager by suddenly asking for a pay raise in your one-toone. Instead, let them know in advance that you’d like to discuss it, and then make sure to get it on the calendar. You can do this in an e-mail or at the end of one of your meetings. Say this: “I’d like to meet to discuss my current salary. Does this time work for you?” https://www.scienceofpeople.com/how-to-ask-for-a-raise/ 4/26 2/14/23, 10:32 PM How to Ask Your Boss For a Raise at Work (with Examples!) Or this: “During my upcoming performance review, I’d like to discuss my compensation. Will that work for what you have planned?” But let’s back up a step. Enter “The Slow Burn Method.” Long before you set up the actual meeting to discuss a pay raise, ease into the topic and combine it with your desire to be an asset to the company. It’s a bit like a soft sell instead of a hard sell. If you’ve ever seen someone selling special promotion items like Vitamix, knives, or any number of things at the grocery store, they don’t hit you with the price first. They use the slow burn method, pulling you in by offering you something. Usually food. They ask questions, they work for the crowd, they keep the samples coming, and slowly but surely, they are setting you up to believe you could never live without that garlic press or paring knife. https://www.scienceofpeople.com/how-to-ask-for-a-raise/ 5/26