Chat with us, powered by LiveChat Blog - Can You Ask For A Raise? | 2Bridge Partners
Back to blogs

3 Negotiating Techniques to Ask for a Raise

Zak Brocchini

  • 09-08-2023
  • 5 min read.

  • Blog articles

Asking for a higher income is never easy. We may want or even need more money, but asking for it is another matter. How do we navigate this awkward process with ease?

Negotiating a salary is the art of treading on delicate ground. On the one hand, we’ve been raised to believe that talking about money is impolite. The topic can come off as self-serving if we bring it up while the company is in financial trouble. On the other hand, not asking for a pay raise can send the message that we’re expendable. Here’s what experts say.

Think of Why You Deserve It

The hallmark of a good manager is knowing when to reward a job well done. If your salary has been stagnant for a while, think of reasons why you deserve a bump. Kathleen McGinn, professor of business administration at Harvard Business School, says reflection is an essential first step in negotiations. Think about why your boss should grant your request for a raise, and align management’s interest with your own case. This makes it easier to proceed to the next step.

Gather Evidence

You would never come into a presentation under-prepared, and a salary negotiation is arguably one of the most directly impactful presentations you’ll ever make. Gather two types of evidence for the presentation.

First, facts about your unique contributions to the company. How have you saved the company money? What are your most successful projects? Do you have any positive customer testimonials? Have you received praise from management? If your department oversees several components, your manager might not be aware of the positive feedback concerning you.

Second, gather information about company or industry-wide salaries. Doing your due diligence with research may help you establish your case.

Read More: Are You Underpaid Compared to Your Coworkers?

Wait for the Right Moment

Timing is crucial. Most employees choose to make their pitch at their annual review, but your manager might be overwhelmed with requests. Instead, time it to coincide with changes in your job description. McGinn suggests asking for a raise after receiving new responsibilities, or after successfully overseeing a project that’s well received by customers or management. Your boss is more likely to grant your request when your success is fresh in his or her mind.

Read More: Explaining Why You Want to Leave Your Job.

As with all presentations, practice is key. Rehearse your pitch, be confident, and let your accomplishments do the rest. If the answer is no, ask what else you can do to make yourself more valuable. Such initiative shows a commitment to your job and to the company’s success. If there’s nothing you can do to convince management and you’re still unhappy with your compensation, it might be time to look for other opportunities.

Latest Blogs

Show more
5 min read.
05/07/2024

Navigating Success: The Distinction Between OKRs and SMART Goals

In the world of performance management and strategic planning, two methodologies have taken center stage in guiding organizations and individuals toward achieving their ultimate goals: OKRs and SMART Goals. While they both offer structured approaches to setting objectives, understanding their distinctions is crucial for leveraging each effectively.

05/01/2024

Embracing Criticism: A pathway to personal and professional growth

Accepting criticism gracefully is an essential skill in both personal and professional realms. It opens doors to learning, fosters resilience, and enhances our relationships with others. 

05/01/2024

Best Practices for Performance Management

Maintaining a competitive edge requires talented individuals and a robust framework for nurturing and evaluating their performance. Performance management in any company is pivotal, not only for the growth of the company but also for the personal and professional development of its employees.