How much should I ask for a raise?
As a general rule of thumb, it’s usually appropriate to ask for 10% to 20% more than what you’re currently making. That means if you’re making $50,000 a year now, you can easily ask for $55,000 to $60,000 without seeming greedy or getting laughed at.
Is it OK to ask for a raise?
If you just started a new job, or if you’re at the same job and starting a new role, Salemi says you should wait at least six months before asking for a raise. Anything sooner, she says, is “not enough time for you to prove yourself as a valuable asset to the company.”
How do I ask for a pay rise?
Ten of the best … ways to get a pay rise
- Ask yourself why you deserve a rise. You are unlikely to convince anyone you’re worth more unless you can find concrete arguments to back up your request.
- Know your worth.
- Put pen to paper.
- Don’t ambush your boss.
- Think about your timing.
- Be realistic.
- Learn the art of negotiation.
- Have a back-up plan.
Is a 10 percent raise good?
Over the past four years, the average merit increase has hovered around 4 to 5 percent, so I think it’s unrealistic to expect a 10 percent raise. A raise as high as 10 percent is generally reserved for employees whose salary is not competitive with the market.
What is a reasonable pay increase?
Increasingly, differentiating salary increases by employee performance is the norm. High performing, superior employees can expect to receive as much as 4.5% to 5% and, in some cases, up to 10% based on their performance.
Can I be fired for asking for a raise?
Although there’s no law against it, firing employees simply for asking for a raise isn’t a good business practice. You want to keep employees who put their best efforts into their job, and are willing to go the extra mile.
How can I get a raise without asking?
6 Strategies to Get a Raise Without Asking
- Add value by brining on new customers. Money talks and if you are the one bringing more money to a company or saving them some, chances are you will be rewarded for that effort.
- Do double your job.
- Find an advocate.
- Make Your boss look great.
How do I talk to my boss about salary increase?
If you are also wishing for a pay increase, here are some suggestions that may help:
- Know the worth of your job.
- Research your company’s pay practices.
- Be realistic.
- Remember that confidence counts!
- Focus on selling, not begging.
- Don’t wait for your performance review.
- Consider your boss’s personality.
- Just do it!