Video:How to Ask for a Pay Raisewith Meghan Lynn Allen
Want to learn how to properly ask for a pay raise from a boss? Here, see tips and tricks for getting the number you're after.See Transcript
Transcript:How to Ask for a Pay RaiseHi! This is Meghan Lynn Allen for About.com, and today we're discussing how to ask for a pay raise.
Before You Ask for a Pay RaiseDo your research. You want to find what others in your field in the same pay range are earning, and how much you could earn. There are plenty of websites that offer free information like Salary.com - or you can research a job title and salary by zip code, and find out what people in the area that you're living in or that you're moving to are making, all in the same field as you. Or you could go to the bureau of labor statistics website - there's tons of information there for you choose from, or Career Builder, or Monster.com, just to look at resumes or job titles, and what people are doing in the state, the county that you live in.
More Things to Consider When Asking for a Pay RaiseWhen the research is done it's time to set up an appointment with your boss. Show the boss exactly how serious you are - treat this exactly like a business meeting. And don't discuss a pay raise on the phone, around the water cooler, or in an e-mail. Make sure you set up that appointment time, be on time, and stick with it.
A successful negotiation for a pay raise is always based on merit and accomplishments, and never on a personal reason for why you need the money. Be straightforward in addressing the pay raise with your supervisor. Get straight to the point and ask for your pay raise, and discuss why you think it's appropriate. And be prepared with documentation. You should have a list of your business responsibilities, and why you think you deserve a pay raise.
How to Properly Ask for a Pay RaiseYou shouldn't think of approaching your boss for a pay raise as an argument, but just more of a way of making your case. You've got your research, your reasons, and here they are. Think of it as selling yourself, just as you would to a prospective employer who might want to hire you. Be prepared to be turned down. If your boss says no, be sure that you're ready with some kind of answer, statement or question. You might want to ask why you've been turned down - maybe it's something you need to work on. Or maybe it's monetary - there's a fiscal reason that there are no raises at this time.
If you're nervous about asking verbally for a meeting, it's okay to put it into writing. Just make sure that it's short and sweet. You want to keep it simple. You can put it into an e-mail or a professional letter template. And don't include any numbers, any information about specifics - just that you're requesting the meeting. Thanks for watching. To learn more, visit us on the web at About.com.