So, you finally landed your dream job and it's everything that you dreamed it would be.
You have the awesome perks that include paid vacation time and health coverage, and things seem to be going your way. You've been working really hard and know your way around the office. You know how to make things happen and get it done. You have proven to be valuable to your team and secured a lot of wins since your arrival. Can you figure out what's next? That's right, it's time for a raise and/or promotion.
I know, talking about money can be uncomfortable. What if your manager says no? And the unfair reality exists that women ask for raises as much as men but are less likely to receive one. However, a closed mouth doesn't get fed. And there's a chance you can be the exception and not the rule, but how? Well, we talked to career expert and publicist, Tequilla White, and she gave us seven amazing tips on how you can better your chances of getting that promotion/raise you deserve!
1. Take On More Responsibility
If you want to show that you are worthy of that promotion, start by showing your value. Master the skills of your current role while taking initiative and being a problem solver when issues arise. Work close with senior employees that have an interest in seeing you grow, but don't brown nose. No one likes a kiss ass. Don't be afraid to ask questions and see how you can grow within the company.
2. Ask For Feedback
Don't wait until your performance review to ask your manager what they think of your work. Make it a point to check in with your manager at least once every two months to ask for feedback.
Asking for feedback is a great chance to share your goals with your manager and get expectations from them as they may have changed since you were first hired. Use the feedback to improve your performance and your manager will definitely take notice.
3. Big Up Yourself
If you don't let people know that you are making major moves, no one will do it for you.
Make note of your accomplishments, big or small, and provide your manager with monthly updates via email. These notations will come in handy when it's time for performance reviews.
4. Do Your Research
You have a better chance of getting the raise or promotion you want when you research your position and look at how much other top performers in your industry make. You should know when you ask for your raise whether you are currently underpaid for your role based on the market and your value to the company. Generally, employees ask for a raise of three to five percent. But if you can show that you are underpaid based on the market, you can make the case for a bigger raise. GlassDoor.com can help you with gathering salary information.
5. Timing Is Everything
Do not wait until your performance review to ask for a promotion or raise. Most of the time, the budget is already set for the coming year. The best time to ask is during the first quarter and before summer. Pick a time when your manager doesn't seem overwhelmed and would be receptive to the conversation.
6. Take Control Of The Conversation
Now this is the big moment! You have completed all of your research, proven to have exceptional work, and now you are ready to present your case. Be sure that you go into the conversation fully prepared to lead the conversation. Have real data to present why you deserve a raise and/or promotion (this is where your notes come in handy).
Be confident in your delivery. "I wanted to take this opportunity to talk about my compensation." Then get straight to the point. Communicate how you are committed to the company and would like to play a more pivotal role in its success. Bring up your accomplishments and be mindful of your body language. You want to show confidence and ease when talking. Be specific about the position you want and the amount of raise you would like. Always give a number higher than you think so there is room for negotiation.
7. Be Prepared For A No
So you presented a great case and your manager seems impressed, but the budget or timing isn't right. Don't worry, you won't get fired for asking. Most likely your manager will be impressed by your ambition and preparedness and will keep their eyes on you. While you may not be able to get the raise or promotion at that time, there may be an option for other benefits like paid time off or more flexible work hours. Even student loan repayment benefits could work.
Know your worth and stay woke because you deserve to be properly compensated for your work. So go out there and make it happen!