How to secure a raise in 3 steps

Securing a raise at work doesn't need to be stressful.

In fact, the conversation can go much smoother than you probably think...

Don't just pop in randomly one day and ask for a raise.

Instead, be proactive and do this:

Step #1

Have a meeting with your manager.

Lay out a detailed plan of your goals and objectives.

Focus on how this plan is going to benefit the organization, the team, the managers, etc.

Explain how you are going to accomplish these goals and attach a timeline to it.

Then, ask your manager, "If I am able to accomplish these goals in this timeframe, can we meet again on X date to discuss a raise by X%?"

This lays out expectations early, so your request for a raise is not a surprise.

By identifying a reasonable pay increase proactively, it helps prevent a situation where your manager will say “we don’t have it in our budget” when it comes time to request the raise.

Step #2

Once the raise parameters are set, it’s time to get to work.

During that timeframe, document EVERYTHING.

Track your progress and any measurable impact that you generate.

For example, calculate additional sales that stem from your work. Or time savings from making a process more efficient. Or cost savings.

Anything that is quantifiable, write it down.

Step #3

Once your scheduled follow-up meeting arrives, share your results with your manager.

Show him/her how you've accomplished the agreed upon objectives and show them the return on investment you've driven for the team or company.

By displaying your value in quantifiable or even monetary terms, you can demonstrate how you've earned the requested raise with direct value to the organization.

Always remember, companies typically won't give out raises just because you ask for one.

But if you can PROVE your worth and value, especially with a proactive approach and pre-set objectives with your management team, you'll solidify your value within the company and drastically increase the compensation that you can request.

If you lack confidence in any part of your job search, let’s talk.

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By the way, here is a very comprehensive newsletter that I think does a great job of highlighting changing trends in the workforce: