Expert advises: 'Don't rely on others to remind you about your salary'
In recent years, several employees at their jobs did not receive a salary increase.
According to ZipRecruiter's Q3 Job Seeker Confidence Survey, only 27% of workers who remained with their employer experienced a pay increase following the Great Resignation, which occurred between 2021 and 2022.
Despite the decrease in inflation from 2.4% to 2.4%, a significant portion of middle-class Americans, 65%, continue to face financial difficulties and do not anticipate improvement in their financial situation for the foreseeable future, according to a recent survey by the National True Cost of Living Coalition.
To get a raise in your current job, it's crucial to remember that "your salary is not a priority for anyone else except you," advises Angelina Darrisaw, a career coach and founder of C-Suite Coach. Therefore, you must bring up the topic with your manager to make them aware that it's something you value.
Here's how to figure out the best moment.
Have 'what do I need to do' conversations often
Before discussing your request, it's important to assess your own performance first.
Darrisaw advises that it is challenging to request a raise without evidence of one's achievements. To address this, it is crucial to determine what constitutes success and what metrics should be used to measure progress. This will enable individuals to make a compelling case for why they deserve a raise.
Darrisaw suggests having "what do I need to do" conversations as often as possible. You can tell your manager, for example, that you'd like to have those kinds of conversations quarterly.
Keeping track of accomplishments on the job is beneficial, whether through a brag sheet or a continuous resume, as it helps demonstrate why expectations have been exceeded.
'Know your company's budget time'
If you understand what success looks like and realize you're surpassing it, you'll want to time your request correctly.
Gorick Ng, a Harvard University career advisor and creator of the "How To Say It" flashcard series, advises that it's crucial to comprehend the company's direction before making a big request. Is the company doing well, or has it been experiencing a hiring freeze and possibly layoffs? If the latter is true, one may be perceived as insensitive by making a large demand.
Darrisaw suggests that it may be beneficial to discuss one's request during performance review times or when the company is making decisions for the next fiscal year, as this could be a good moment to bring it up.
Darrisaw suggests discussing his performance and metrics of success, as well as how he would like to see those achievements celebrated and rewarded.
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