How to Ask for a Raise: A Step-by-Step Guide

Asking for a raise can feel daunting, but with careful planning, the right approach, and some confidence, you can make a strong case to secure the compensation you deserve. Here’s how to do it.

1. Choose the Right Timing

Timing is crucial when asking for a raise. Here are a few considerations:

• Performance Reviews: If your company has regular performance reviews, this can be an ideal time, as it’s already a natural time to discuss your work and contributions.
• Company Success: If your company is doing well financially, it’s a positive signal that funds might be available for raises.
• Personal Milestones: If you’ve recently completed a big project or made a noticeable impact on the company, it may be a perfect time to discuss compensation.

2. Research and Prepare Your Case

• Understand Your Market Value: Research industry standards and salaries for your role, especially in your location. Websites like Glassdoor, LinkedIn Salary, and Payscale can provide insights.
• List Your Achievements: List your contributions since your last raise or since you were hired. Be specific, using metrics whenever possible. For example:
• “Increased revenue…