What’s the #1 tactic you should try before turning to a side hustle for more money? Asking for a raise!
If you’re a contributing employee and can make a strong point as to why you deserve the bump, asking for a raise is a great way to work smarter not harder.
But, even with a strong case, how you go about asking will have a huge impact! So, learn from my mistakes and steer clear of these 5 things.
5 Ways You Shouldn’t Ask for a Raise (And How to Do It Right)
Mistake #1 – Go In Unprepared
Your boss isn’t going to like it if you’re unprepared during a serious conversation that YOU most likely instigated. If you want to ask for a raise, it’s going to take some preparation on your end.
The kind of preparation you do will be dependent on your personal circumstances. But, it’s a good idea to be prepared with facts, statistics and backups for any statements you make in support of why you deserve to be paid more.
Here are some things to consider when putting together your reasoning.
- Review your salary numbers for the last several years. Have they gone up or down in relation to your performance? Is it fair? Why or why not?
- How have your performance reviews been lately? Are you exceeding expectations?
- Have you been going above and beyond your roles and responsibilities? How?
- Are you being fairly compensated within the salary bracket of your role?
- Does your company have strict rules for how much your boss can raise your salary each year? How much can your boss even do?
Mistake #2 – Beat Around the Bush
So….Ummm….I’ve been thinking….
Nobody likes guessing at what somebody’s trying to say. So, don’t beat around the bush – JUST SAY IT! Asking for a raise is a bold and assertive thing. So, once you’ve decided to go for it, keep up the momentum.
You can do this by keeping your conversation clear and focused. That means figuring out your main point then supporting it with facts (I’d stick with 3 – 5) that demonstrate it.
If you want to be armed with a million solid reasons why you deserve a raise, go for it. Just make sure to stick with a few examples in your initial spiel and only pull out the big guns if your boss is asking for more.
Mistake #3 – Make It Emotional
Leave the mood swings at home. It’s best to KEEP THINGS NEUTRAL(no emotional extreme on either end of the spectrum).
Do this by making sure you’re in the right headspace to have an even-keeled, professional conversation. If life is crazy, the time of day is bad, or you’re completely overwhelmed with work, reschedule. It’s better to put the conversation off for a time it can go well than to force it to happen at a time you know you’ll be stressed out.
Mistake #4- Compare Yourself to Your Coworkers
Any way you cut it, it’s not very professional to point out that Suzanne down the hall does a whole let less than you (and everyone knows it!) and yet she gets paid more than you do.
You can only control yourself, so FOCUS ON YOURSELF.
Let your performance and hard work be all the reasoning you need for that raise. Don’t put others down to get to where you want to go.
Mistake #5 – Get Crazy if It Doesn’t Go How You Want It To Go
Here’s the thing – if you are going to put yourself out there and ask for a raise, you really have to be prepared for any response. And you have to be prepared to STAY CALM, no matter what. Of course you want the answer to be yes. But, you have to be ready for a potential no.
Regardless of what response is thrown your way, be thankful for the opportunity and handle it like a pro.
Make More Money by Asking for a Raise
Asking for a raise isn’t always top of mind when thinking of ways to make more money. But, it’s a great way to boost your bank account without having to commit to more hours of work.
So, if asking for a raise seems right for you, go for it. Just remember how not to do it!
What experiences have you had that have taught you how not to ask for a raise? Comment below!