11 Reasons Why You Deserve That Raise
Asking for an appraisal is one of the most crucial things you will have to go through in bumping up your career. Every so often, you will feel the need to ask for a raise, and that’s normal. As long as you can defend why you deserve higher pay, you are off to a good start.
However, not everyone is brave enough to ask their bosses in fear of being rejected. In a survey by PayScale, about two-thirds of its 160,000 respondents never asked for a raise. And 70% of those who took the leap successfully earned the raise. This demonstrates the likeliness of getting a raise when you go for what you desire.
To help you take the plunge, here are the reasons why you deserve that raise:
1. You exceed expectations.
When you regularly hit your goals, you demonstrate excellence in your work. What more if you exceed what is expected from you, right? Chances are, your boss notices your perseverance in ensuring you complete all your responsibilities.
When your boss is aware of your hard work, it’s way easier to ask for a raise. You have to show you are worth the increment by highlighting your value to the company. And that is possible by going beyond what’s expected from you.
2. You take the initiative to help.
Are you a team member who enjoys lending hands to those in need? If you are, you display the quality that most employers love—taking the initiative.
Whether it is big or small, your help means so much when the team can meet success. All these efforts will not go down the drain as there will be people vouching for your willingness to help and take action without needing a direction.
3. You are a proactive team member.
Aside from taking action before issues even arise, giving helpful insights show proactiveness in your team. When you are eager to share useful suggestions, you show to the team that you are invested in improving the processes for more efficient work.
Recommendations are well-appreciated in the work-setting. Rather than keeping your mouth shut when you spot something wrong, giving prompt resolutions shows how much you care for the company’s welfare.
4. You ask for feedback.
Feedbacks are the backbone of learning what aspects you need to improve on. When you don’t ask for it, how will you know?
Although the higher-ups will have a pulse check on you every once in a while, you still carry the responsibility of asking. This way, you know the areas that you excel in and which need improvement.
5. You help in increasing revenues.
Your proposal is more likely to get accepted when you know that you are a valuable asset in the company. Knowing that you are a big contributor to increasing company revenues, an incentive, or any reward is bound to come your way.
Some instances that show your bankable assets include helping in the following:
- Acquisition of major clients
- Expansion of the company
- A massive increase in sales
- Assistance in developing new business ventures
6. You contribute to saving company costs.
There is only so much you can do in helping cut down costs while maintaining work efficiency. Your work will be much appreciated if you have provided inputs in saving an adequate amount of expenses.
In your own way, you can always help with saving a couple of bucks. You can do this by suggesting cost-efficient methods in performing processes while ensuring the organization hits or exceeds goals at a lesser cost.
7. You continue growing your expertise.
The eagerness to learn proves that you are more than invested in stepping up your game. If your responsibilities have been stagnant for a couple of years, that might seem you are stuck in a rut. When you take the initiative to expand your horizon, you are opening yourself up for more opportunities.
Your desire to enhance your given skills and acquire new knowledge shows that you want to make a big contribution to the company.
8. You prove loyalty to the company.
Although it’s not ideal to blatantly tell your boss that you need a raise because you’ve been with the company for quite some time, the fact that you have stayed there already means a lot. You can easily manage to ask for a salary bump when you are a team asset and have been with the organization for years.
In addition, there are other ways you can prove your loyalty to your company. These include sticking to the company’s core values, keeping the dignity of the team, and embodying the company visionary.
9. You are the go-to person of the team.
When people go to you for assistance, this implies reliability. Not only are you approachable, but you also meet deadlines and requirements. This goes to show that people are aware of how reliable you are.
When coworkers trust you, you become the go-to person that everyone can rely on. And as someone who always delivers, you have the bragging right to get a pay hike.
10. You share your knowledge with others.
An ideal employee is more than happy to share what he knows to the team. Being a mentor is one way to prove you have gained significant knowledge and to display your leadership abilities.
When you are capable of sharing with others what you know, your effort is bound to get noticed. This then results in the recognition of your work as a mentor to others.
11. You know your market value.
Having worked for quite some time, you have gained tons of skills that imply bigger market value. Although the territory is a factor in helping you grow, you still create a valid point when you know how much your skills are worth.
When asking for a raise
Once you have ticked every item on the list above, you can prepare your proposal to ask for that raise. Be ready on how you are going to defend your pitch and take some extra precautions to ensure you get that raise.
Here is a helpful guideline for what you should and shouldn’t do to ask for a raise.
- Pick the right timing. When you think your boss is in a good mood, go for it.
- Dress the part on the big day. Put some effort into your attire even if the job nature is casual. Don a tie or iron out your clothes to look presentable.
- Prepare and practice your answers. The point of the meeting is to propose and defend your pitch. Ensure that you have prepared answers to possible questions to ace the inquisition.
- Focus on the company. Do not forget to acknowledge the company and what it will get out of you if you get the raise. Asking for a raise is a two-way street; the company must benefit from you as you do from them.
- Keep it about your accomplishments. Don’t ask because you feel like you are being underpaid. Instead, focus on the contributions you have made and your value as an asset to the company.
- Be prepared if you get rejected. The answer could only be a “yes” or “no.” If you get the latter, handle the result with grace and utter acceptance. You can ask for feedback on why you were rejected so that you know what to do next time.
- Continue being a team player. Whatever the result is, do not stop being an excellent employee. Keep the consistency going, and the company will eventually recognize your hard work.
Keep these pointers close to heart when you are asking for a salary bump, and you will be an inch closer to securing that raise. Together with your burning desire, instill the value of acceptance that no matter what the result is, you’ll accept it willfully. Because at the end of the day, you will never know what you will get if you didn’t even try to ask.
Need that extra push to get you going? Here are top career development courses from Skill Success you can bring with you in acing your proposal: